Memecoin volume is back. Trading pairs that did not exist 60 days ago are now in the top 30 by 24-hour volume on several venues.
The asymmetry
Memecoins offer 100x upside with 99% downside. That’s the trade. Anyone telling you it’s anything else is selling you something.
How to think about it
Position-sizing is the entire game. If you’re sizing memecoin positions like equity positions, you’re going to have a bad time.