Shorting Meme? Debate on the Future of Meme with DonAlt and 500K KOL
By Deep Tide TechFlow
Memes have always been seen as a representation of the spirit of retail investors due to their fair launch and easily understood cultural references. The hope and desire for meme prices to rise are shared among crypto enthusiasts.
Of course, since the birth of memes, debates about meme prices and future trends have never ceased. However, openly expressing bearish views on memes could potentially ignite a war.
The impact of a16z CTO’s debate on meme value with the community still lingers. Last night, a tweet from trader @CryptoDonAlt, who has 550K followers, expressing bearish sentiments towards memes sparked another round of debate.
DonAlt believes that the meme frenzy has come to an end, and the meme market is about to experience a major crash. At the same time, he maintains an optimistic attitude towards tokens in other sectors. In the end, he sarcastically advises meme players who are currently obsessed with trading cat and dog-themed memes. DonAlt then explains the reasons behind his bearish view on memes:
1. There are already countless memes.
2. Thousands of new memes emerge every day.
3. Many people believe in the GME -> Meme rotation theory (which I think is very stupid).
4. The overall charts don’t look good.
5. Market sentiment heavily favors bullish views.
In the current environment where meme trading has become a form of “crypto political correctness,” DonAlt’s “politically incorrect” comments immediately triggered a strong reaction from meme players.
Renowned meme influencer Ansem (@blknoiz06), known as the meme call master, quickly countered DonAlt’s bearish views and presented a screenshot of cryptocurrency data from the past year.
Ansem pointed out that Memecoin is the only altcoin sector that has shown overall growth in the past year. He questions DonAlt’s decision to be bearish on MemeCoin and dismissively responds with a “we’ll see” taunt.
After the counterattack, Ansem released a new tweet supporting Memecoin, stating that Memecoin is still in its acceleration phase and we will see new Memecoins with values in the billions, similar to Pepe, Bonk, and Wif.
Ansem describes this debate as a “war” through an interesting meme image. Indeed, this is a battle to defend the value of memes in the hearts of crypto players. Memes provide people with a glimpse of wealth effects, more liquidity, and more reasons to trade. Ansem naturally couldn’t just sit by and watch as someone openly criticizes and shorts all meme categories.
As a KOL with significant influence in the Memecoin community, Ansem’s firm stance in defending the value of Memecoin has received positive responses from his fans. Some fans even compare DonAlt, who is bearish on memes, to the infamous hedge fund that shorted GME stocks at the beginning of 2021, while they see Ansem as the legendary player Keith Gill who rallied retail investors to resist Wall Street’s shorting.
Regarding Ansem’s “declaration of war” and the intense backlash from meme players, DonAlt himself responded with a light-hearted attitude, saying, “Honestly, I’m not afraid of your fans’ criticism. I’m more concerned about unexpected mishaps in life.”
The argument may have temporarily paused, with no one seemingly convincing each other. However, it does not affect the generation of numerous new memes every day and the enthusiasm of degens. After a temporary pause in direct confrontation, DonAlt and Ansem continue to maintain their bearish/bullish positions on MemeCoin on their respective social media accounts. DonAlt continues to share his bearish views on $WIF, while Ansem remains confident that the market will see several Memecoins with market caps over billions of dollars.
This is not the first time there has been a debate about the long or short position on MemeCoin, and it certainly won’t be the last. The core essence of the argument may not lie in MemeCoin itself, but rather in the freedom of spirit it represents and the potential for cross-class possibilities.
Price fluctuations are a market norm, and it is not necessary to be too fixated on short-term price volatility. If you believe in something, hold onto it firmly, and if you don’t, sell and move on. That’s how trading should be.
Although DonAlt and Ansem firmly stand on different sides in this debate, it does not hinder them from exchanging their views in a relaxed and enjoyable manner. As for retail investors, naturally, they hope memes will rise, so siding with Ansem seems like the logical choice driven by their positions.
After all, if even memes were to collapse, it could possibly mark the end of a crypto cycle.
Just like DonAlt and Ansem today, maintaining their positions with a little less bickering and a little more “LMAOOOOOO.”
