Huang Licheng increased his position by 600,000 FRIEND! Talking Meme Coins: A Usable Postmodernist Analysis

Friend.tech, a decentralized social platform based on Layer 2 network Base, was officially launched in August last year. It quickly became popular due to the anticipation of airdrops and the blessing of well-known venture capital such as Paradigm. However, This wave of enthusiasm subsided significantly in October last year. It was not until the announcement last month that V2 was about to be launched and airdrop applications were open that it regained the attention of the community. One of the investors who cares most about $FRIEND is Brother Maji.

Maji’s eldest brother Hao spent US$6.5 million to buy $FRIEND

After $FRIEND was launched, the price once soared to US$169.09, but then fell by more than 97%. Even so, Brother Maji still bought a lot of $FRIEND. When the currency price was sluggish, he spent 962 ETH (approximately 3 million U.S. dollars) on the 5th to buy 1.39 million FRIEND at a price of 2.16 U.S. dollars.

This morning (9th), I once again spent 483 ETH (equivalent to US$1.44 million) to purchase 617,609 $FRIEND at a price of US$2.34 each.

According to statistics, Brother Maji has invested a total of 2,106 Ethereum coins (approximately 6.49 million U.S. dollars) and purchased 2.8 million $FRIENDs. The average purchase cost is 2.31 U.S. dollars each. Calculated at US$1.99 each, Brother Maji has lost US$896,000.

Big Brother Maji: Meme coins should be viewed from a postmodernist perspective

Brother Maji, who is currently committed to developing his own meme currency $Bobaoppa, also recently expressed his views on the meme currency track, However, the content changed from the previous spicy style and transformed into a meme currency thinker.

Brother Maji said that from the perspective of postmodernist Jean Baudillards, meme coins are not only an economic tool, but also a symbol of culture, because they capture the key moments of current society, and These symbols are transformed into concrete economic values ​​through the concept of liquidity pools.

“The value of it (meme currency) is actually determined by market supply and demand, depicted by the formula xy=k, reflecting traders’ collective evaluation of the cultural significance represented by the meme currency. In this game of psychology and strategy, traders are constantly asking: What do others think of the cultural significance of these memes? How do they interpret my interpretation of them? ## Brother Maji analyzes how to judge the value of meme coins. Determining the background is the hardest part, because it requires users to maintain high acuity, always pay attention to the correct social media, and be ready to mobilize capital at any time.

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