Data Deep Dive: Are Memecoins Dead? | Analyst Round Table
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So I think what this shows is, like, as a as a use case, being able to create new tokens out of thin air and trade those tokens, to me, is, like, clearly a super high revenue generating, activity and one that people do continuously. Like, even during the this sort of quote, unquote bear market or shopping market, people are still launching a ton of tokens. And so to me, I think we've just found a great use case. Nothing said on Xerox Research is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show a
Hey, guys. Welcome back to another episode of Zero X Research. Today, I am joined by just Westie. We've got a bit of a Danny Westie power hour. All of the, or pretty much all of the research team and a lot of the folks from the other teams at BlockWorks are gonna be at DAS this week. The lucky few that are left over, get to have a little bit of a vibe session. How are you doing, Westie? I'm
doing pretty good. I can't complain. Definitely a little bit of DAS FOMO going on. Just all the great people are gonna be there. Great speakers. James Christophe, a man in the flesh. So definitely a little FOMO, but, you know, good to be here. Good to to sort of take over zero x from from Bach, whenever I get the chance. So, yeah, thanks for having me. Yeah.
Sometimes it's good to mix up Picacho mode and get some Westie mode in here, get some data mode. You know, we like to show the data product as much as we can. And, yeah, I heard we know James Christophe is gonna be there. Supposedly, he's got the creamy at this at the venue. He's gonna be mixing up some crazy drinks. So if you're at DAS, hopefully, you get a chance to meet him and, meet the legend of the of the Telegram group. Anyway, I guess moving on, like, just covering the market, I think we've been making this a bit of a a regular thing. But how are you feeling feeling in general? Like, I
I I have a lot of thoughts here. It depends on how much you want me to rant, but I've been basically the resident bear, me and and James Christophe, the resident bears of the zero x Telegram chat. And, yeah, basically, I got pretty cautious after the SBR announcement and just a ton of good news coming from the administration that the market didn't seem to care about, at the highs. And so got pretty cautious and bearish in sort of the short to medium term from there. And the thesis has turned out correct so far, and and sort of where we're at right now is this weird limbo state for basically ev
Yeah. I think that's totally fair. It seems like across the board, whether you look at global macro equities, crypto, like, you name it, uncertainty seems to be the kind of keyword right now in terms of, you know, maybe chop, maybe up, maybe down, who who really knows. Seeing a lot of, like, you know, maybe it's time to to touch some grass for a while. It is interesting to see, like, older tokens, like, maybe a prior crop of, like you know, if you wanna call them VC tokens or, like, you know, low market cap, high FTB things with vesting schedules ongoing, see big bounces. I don't know if that'
Yeah. I definitely like the biggest thing is definitely how they scripted it. Like, if it was just one joke on the pronouns of this, like, two minute ad about America's back, I think it would have been fine. I think it was just it they weirdly, like, dug themselves into a hole of just, like, continuously beating this one joke into the ground. And so I think they just yeah. They they missed the mark completely from that point of view. And then,
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