Post
Topic
Board Bitcoin Discussion
Re: Coinbase on the defensive about these bitcoin ordinal centralized meme coins
by
Antotena
on 23/05/2024, 18:26:02 UTC
Since then, there was some news about pepe & memecoins topping Coinbase in trading volume just today.
Uniswap Volume Leapfrogs Coinbase Thanks to Pepe and Meme Coins
https://decrypt.co/139594/uniswap-volume-leapfrogs-coinbase-pepe-meme-coins
"Uniswap still looks to be slightly ahead of Coinbase, with $1.2 billion volume compared to the San Francisco-based exchange’s $948 million."

Imagine if Uniswap has enabled trading fees features on their platforms, they would have raked millions of fees on from the platform considering how high the fees are on ethereum chain and other layers compare to what centralized exchanges charges but they ignored and produced the purpose of decentralized exchanges as it is.

Have you wondered why SEC was also coming for them recently, don't be surprised if it's an internal thing from coinbase, there has been a lot of hate even from other centralized exchanges concerning coinbase and market manipulation for their own interest.

Quote
Very interesting how these tokens which have no utility or intrinsic value except to the one's holding it, has up ended the king of all crypto and has caused a flurry of problems for the over 14 year cryptocurrency.

I think we have lost value of coins completely because I remember any time Bitcoin is been discussed, altcoins are seen as shitcoins because of their pump and dump behaviors but it's down on me how meme coins that are worst of altcoins are winning, they are all over solana network and nobody is saying anything about it because the community see is an activeness on their network but that's nonsense, people even create meme token with a website to rugpull and it's now normalize.

I don't blame them actually, the altcoins that are promised aren't working, none of them has fulfill promises made in their whitepaper and road map, just hype and this is just rebranded shit show that will soon end. Bitcoin remain for those who has eyes.