There really wasn't besides Trumpstein saying something about getting crypto reform through.

I personally think they knew they could do a quick short squeeze and blow a bunch of traders backs out before they take it the other way.

I still feel like we have that additional leg down / major capitulation even in the next 2 months.

Because even looking at the trade volumes for some of the memes that have caught a bid out on FOMO, it's low volume compared to the stuff during the meme storm in late 2024.

Then most other stuff has been getting crushed. DOGE, Shibe, Bonk, AVAX, XRP, ICP ..... pressed out.

Gas prices and food prices have people crushed out there.

It just really isn't the environment to kick off some major broader rally in my opinion.

These memes do have me tweaking out a bit though. To think some of these guys are snagging hundreds of thousands in a few days in these conditions is pretty insane.

I guess FOMO was the #5 app for Finance in the App Store so a lot of people have been onboarded.