Feels like DeFi summer again. Except most degens are busy losing money on memecoins instead of making money from degens losing money on memecoins.
Degens speculating on memes through Fomo generate millions in trading fees every day. They don’t LP. They degen trade which is good news if you are totally sidelined on it.
Second thing.
Pons launchpad popularized memes launching directly against tokenized stocks (AI/NVDA, BONER/HIMS, MOO/MU), and the arbitrage between those pools and the plain stock/USDG pools is where is my sweet spot as fees from arbitrage pile up.
You can farm the degens losing money without holding the meme.
I’m having fun with this.
Here’s what you might need to know to start.