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welcome to the deep dive today we're uh
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digging into ShibaInu there's been quite
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a bit of buzz lately especially around
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coin burns yeah definitely we're looking
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at an analysis actually from a YouTube
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video that breaks down some of this
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recent activity and well the broader
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market feel let's get straight into it
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absolutely and the video really
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highlights this uh shift in market mood
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doesn't it from that kind of fear we saw
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earlier to more well greed and
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confidence now you see Bitcoin moving up
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Salana too yeah it sets the scene it
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really does and it gives context for
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what's happening with Sheba Enu
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specifically exactly because the big
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headline grabbing number here is this
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huge spike in the Sheba Enu burn rate
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something like what 6,800% yeah a
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staggering figure really jumps out at
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you so our mission if you like for this
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deep dive is to unpack that understand
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you know what these burns really mean
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how they might connect to Sheba's price
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mhm and also look at the wider memecoin
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picture that the video gets into sounds
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good let's do it okay so the video
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starts by mentioning SHB's price action
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it had climbed up uh to the 1700 point
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0000001700 just for clarity for everyone
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right good point and then it pulled back
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a little around uh 1580 something when
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the video was recorded a slight dip yeah
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now maybe we should quickly explain for
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anyone less familiar what burning crypto
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actually is sure so uh think of it
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simply burning is basically destroying
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coins you're taking them out of the
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total available supply permanently how's
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that done usually by sending them to a
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specific digital wallet address a burn
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address that nobody controls no private
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keys so once they're sent there they're
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gone for good can't be retrieved okay
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and the idea behind that is well the
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theory is basic economics really reduce
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the supply of something and if demand
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stays the same or goes up exactly the
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remaining coins become scarcer and
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potentially more valuable that's hope
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anyway right classic supply and demand
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so let's look at the numbers for Ig this
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video highlights a uh
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6,858% surge in the burn rate over just
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24 hours yeah which resulted in what
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18.9 million Ashi being burned that
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sounds like quite a lot it's a
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significant number in a short period and
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the video actually points out two big
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burns within that time frame oh yeah
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yeah one transaction burning about 17.8
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million and another burning just over a
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million so those two really drove that
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huge percentage jump that makes sense
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but what's interesting is how that
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compares to the week before right the
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video notes that the previous week saw
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an 89% drop in burns only 55 million
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eshi burned over the whole week so this
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recent spike is a really sharp
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turnaround yeah it really is that kind
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of um volatility in the bro rate itself
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is interesting it could mean you know
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maybe new community pushes to burn
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tokens or maybe reacting to the price
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could be or just broader market vibes it
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shows how dynamic these community things
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can be and it does seem like the price
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noticed the video mentions was up 8%
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since the Friday before it was made mhm
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with a big chunk of that 7% happening on
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the day of recording that feels
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connected doesn't it it certainly
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suggests the link yeah and it fits with
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the broader market picture the video
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talks about you mentioned the market
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sentiment earlier exactly they
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referenced a report from Sentiment
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that's an onchain analytics firm they uh
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look at blockchain data right to see
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trends yeah and Sentiment apparently
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noted that meme coins plus things like
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liquid staking assets and layer 1's they
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all caught some bullish momentum that
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weekend even with that little pullback
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we mentioned even with the slight dip
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yeah this suggests traders were feeling
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a bit more adventurous this may be
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taking on more risk in certain crypto
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sectors and the video gave a quick look
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at other meme coins too right it did
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yeah just a quick snapshot dogecoin was
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up about 2% uh the Trump themed coin was
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slightly down actually bonk was up tiny
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0009% and Farcoin also saw a small gain
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so sort of a mixed bag on the day but
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but generally positive over the week
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before generally positive over the
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previous seven days yeah the video made
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that point memecoins had been doing
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pretty well overall reinforcing that
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positive feeling for riskier assets at
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the time now there's an interesting
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point the video brings up about well
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psychology after she enu jumped say 25%
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some people might think oh I missed the
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hesitate to buy in sure FOMO works both
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ways fear of missing out or fear of
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buying at the top right but the video
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offered a different take saying maybe
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it's still early days that there could
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still be like significant room to grow
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maybe 3x 4x potential that's a bullish
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perspective yeah and the person in the
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video even mentioned they personally
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bought more sheep around the 1400 level
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it's always interesting hearing those
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personal takes even if they're just
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anecdotes it is and it really highlights
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the speculative side doesn't it i mean
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nobody knows the future but that kind of
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belief can definitely fuel short-term
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market moves yeah it can become a bit
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self-fulfilling sometimes definitely uh
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then the video sort of shifted gears a
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bit talked about diversification mhm and
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brought up another meme coin Pepe May as
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one getting some traction okay pepe May
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what did they say about it well they
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mentioned this website obviously
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apparently raised quite a bit in its
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pre-sale over $3.6 million wow that's
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significant for a pre-sale yeah and it
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has things like a Telegram game apps
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coming to the app stores
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um AirDrop Rewards so building an
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ecosystem around it seems like it yeah
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and a huge following on X formerly
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Twitter like 3.3 million followers
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driven by memes of course that's the
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memecoin playbook isn't it leverage
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internet culture build a massive online
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community those pre-sale numbers and
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follower counts they definitely show
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strong initial interest they also
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mentioned a dashboard feature for Pepe
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something that shows potential profit
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estimates for launch day and a live feed
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of transactions ah okay trying to build
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hype and show activity clever marketing
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yeah add some excitement though you know
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the video did add the usual disclaimer
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crucial about the risks meme coins are
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super speculative high risk you need to
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do your own research absolutely critical
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never invest more than you can afford to
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lose especially in this corner of the
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market it's good they included that
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warning agreed uh just a couple of other
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quick mentions in the video an exchange
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KSEX offering high leverage trading on
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Sep and others right catering to the
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active traders who want leverage that
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comes with its own set of massive risks
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of course for sure and also best wallet
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was mentioned suggested is a good place
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to actually hold your crypto securely
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off exchanges they noted its
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user-friendly layout so options for
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different needs highfrequency trading
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versus secure long-term holding shows
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the different ways people engage with
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crypto okay so let's try and wrap this
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up what are the main things to take away
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from this deep dive into the video's
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analysis well I think the key points are
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first that really sharp significant
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increase in the Sheba Enu burn rate
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that's undeniable yeah the 6,800% number
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exactly second that this coincided with
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the noticeable price rally for suggests
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a potential link even if correlation
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isn't causation right third this is all
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happening while the broader crypto
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market especially memecoins was showing
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renewed positive sentiment according to
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the analysis but fourth and this is
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crucial you have to remember the extreme
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volatility and speculative nature of
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meme coins and we even heard mention of
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diversification bringing in other
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projects like Pepe Me so community
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efforts like burning can influence
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supply market sentiment plays a huge
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role but it's still a very unpredictable
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space that sums it up pretty well the
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power of community and online culture is
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massive here but so is the risk really
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makes you think about the long term for
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these coins it does and maybe that leads
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to a final thought for you to consider
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given this intense volatility and how
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much meme coins rely on well hype and
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community feeling what else beyond just
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burning tokens or reducing supply might
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actually be needed for these kinds of
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assets to build more lasting value what
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could make them sustainable in the long
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run within the bigger crypto world
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that's a really interesting question to
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chew on definitely something to think