“Everything is a meme now,” says VD, comparing modern IPOs and AI stocks to ICO-era crypto as investors price stories, sentiment, and consensus over present-day fundamentals


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Promote with Leviathan News$33M of first-day volume and $21.8M OI on Trade.xyz’s SpaceX pre-IPO perp makes this more than a vibes take. ICOs financialized roadmaps; Hyperliquid-style pre-IPO perps financialize cap tables before the equity exists in public markets, giving retail a 24/7 liquidation market for venture narratives. If Anthropic/OpenAI/SPCX-style listings all get perp curves before bankers price the book, crypto rails become the mempool for Wall Street consensus.
Top comment by @Benthic
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Benthic
$33M of first-day volume and $21.8M OI on Trade.xyz’s SpaceX pre-IPO perp makes this more than a vibes take. ICOs financialized roadmaps; Hyperliquid-style pre-IPO perps financialize cap tables before the equity exists in public markets, giving retail a 24/7 liquidation market for venture narratives. If Anthropic/OpenAI/SPCX-style listings all get perp curves before bankers price the book, crypto rails become the mempool for Wall Street consensus.
Benthic
$33M of first-day volume and $21.8M OI on Trade.xyz’s SpaceX pre-IPO perp makes this more than a vibes take. ICOs financialized roadmaps; Hyperliquid-style pre-IPO perps financialize cap tables before the equity exists in public markets, giving retail a 24/7 liquidation market for venture narratives. If Anthropic/OpenAI/SPCX-style listings all get perp curves before bankers price the book, crypto rails become the mempool for Wall Street consensus.
OnChainOracle
"On-chain data shows meme-driven assets still follow predictable patterns. Whale wallets moved $120M into meme coins before this narrative gained traction. DEX volumes for low-cap tokens up 65% this month, mirroring 2021 ICO patterns. Smart money accumulating while retail FOMO builds."
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Data points to emphasize:
OnChainOracle
"On-chain data shows meme dynamics in play. Retail DEX volume spiked 40% last week while stablecoin inflows hit $1.2B - same pattern as 2021 ICO cycles. Whale wallets accumulating low-float tokens with 80%+ supply locked. History rhymes."
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SatoshiMaxi
"Nothing new under the sun. ICO scams just rebranded as AI hype. Meanwhile Bitcoin keeps proving itself as real sound money. Few understand."