
Look at tapeout. One of the most interesting ideas I've come across lately.
But since none of the tokens associated with it are sending, nobody gives a Fk
Now rewind to the beginning of this year.
Remember Moltbook? That AIagent Reddit bullshit?
The whole thing felt like an absolute LARP, but the token was sending. Within days, it was pushing $100M+ and suddenly everyone became an expert on AI agents.
"OMG, AGENTS ARE THE FUTURE!"
Every token remotely associated with that narrative started pumping.
Nobody cared whether the product actually worked. Nobody questioned the technology. Nobody asked whether it was sustainable.
The chart was green, so the technology was revolutionary.
Now look at tapeout.
Potentially fascinating technology, interesting possibilities, but because the associated tokens aren't printing money, the entire narrative barely gets any attention.
We don't use technology to determine which tokens deserve to pump. We use pumping tokens to determine which technology deserves our attention.
A $100M market cap can make absolute bullshit look like the future.
And a flat chart can make genuinely interesting innovation look irrelevant.
We've reached a point where price action has replaced curiosity, research, and critical thinking.
We don't discover narratives anymore.
We wait for a green candle to tell us what to believe in.
That's how fking backwards this market has become.