Singing Empty Meme? Master Trader Ansem Debates the Future of Meme with 500,000 Follower KOL
DonAlt believes that the meme craze is over and the sector is about to face a major crash.Author: Deep Tide TechFlow
Due to characteristics such as fair launch and simple and understandable cultural connotations, Memes have always represented the spirit of retail investors.
Letting Memes rise is a common expectation and wish in the hearts of crypto enthusiasts.
Of course, since the moment Memes were born, debates surrounding Meme prices and future trends have never ceased. However, if you publicly express a bearish view on Memes, it might provoke a major controversy.
The impact of the last debate between a16z's CTO and the community regarding the value of Memes has yet to dissipate. Last night, a bearish tweet on Memes from trader @CryptoDonAlt, who has 550,000 followers, sparked a new round of debate:
DonAlt believes that the Meme craze has ended and that the sector is about to face a significant crash. At the same time, he maintains an optimistic attitude towards tokens in other sectors and ends with a somewhat sarcastic "special advice" to current Meme players who are keen on trading cat and dog-themed Memes.
In the current environment where Meme speculation has slightly become a form of "crypto political correctness," DonAlt's "not-so-correct" remarks immediately triggered a chemical reaction among Meme players.
Famous Meme call master Ansem (@blknoiz06) quickly countered DonAlt's bearish view, showcasing a screenshot of cryptocurrency data from the past year:
Ansem pointed out that Memecoins are the only altcoin sector that has seen an overall increase in the past year, questioning DonAlt's decision to be bearish on MemeCoins and retorting with "We'll see."
After the rebuttal, Ansem followed up with a new tweet supporting Memecoins: **"Memecoins are currently still in an acceleration phase, and in the future, new Memecoins worth billions of dollars like Pepe, Bonk, and ** Wif ** will emerge."**
Subsequently, Ansem described this discussion as "a war" through an amusing Meme image.
Indeed, this is a battle to defend the value of Memes in the hearts of crypto players. Memes showcase the wealth effect, provide more liquidity and reasons for speculation, and are easier to spread. To dismiss all types of Memes and publicly express a bearish view, Ansem naturally couldn't stand by.
As a highly influential KOL in the Memecoin community, Ansem's firm stance in defending the value of MemeCoins has garnered positive responses from fans. Some even compared the bearish DonAlt to the Citron Research firm that shorted GME stock at the beginning of 2021, while likening Ansem, who defends the value of Memes, to the legendary player Keith Gill, who rallied retail investors to unite against Wall Street's big capital shorting GME stock.
In response to Ansem's "declaration of war" and the fierce backlash from Meme players, DonAlt himself responded with a light-hearted attitude: "To be honest, I'm not afraid of the criticism from your fans; I'm more worried about little accidents in life."
Debate on Hold
This war of words seems to convince no one and will not affect the daily emergence of numerous new Memes and the enthusiasm of degens.
After the direct confrontation temporarily paused, DonAlt and Ansem continued to maintain their bearish/bullish positions on MemeCoins on their social accounts. DonAlt has been sharing his bearish insights on $WIF; Ansem firmly believes that multiple MemeCoins with market capitalizations exceeding ten billion dollars will emerge.
This is not the first time there has been a bullish-bearish debate about MemeCoins, and it certainly won't be the last. The core essence of the debate may not lie in the MemeCoins themselves, but rather in the freedom spirit and the greater possibilities that transcend class that they represent, which is what attracts people.
Price fluctuations are a market norm, and there's no need to be overly concerned with short-term price movements. If you're optimistic, hold firmly; if you're not, sell and walk away. Trading should be like this.
For both parties at the center of this debate, although DonAlt and Ansem firmly stand on different sides, it does not prevent them from exchanging their views in a light and pleasant manner. As for retail investors, they naturally hope for Memes to rise, so standing with Ansem feels more like a choice dictated by their positions.
After all, if even Memes become stagnant, it could truly signify the end of a crypto cycle.
Just like today with DonAlt and Ansem, maintaining their positions means less shouting and more "LMAOOOOOO."
