clearly bro hasn’t scrolled ct in the last 3 months lmao everyone and their mom was shilling competing ref links phantom launched perps in July -> hit $10b a month ago perps is where everyone went as the memecoin meta faded. the reality is a huge amt of ct was at least 2x long on shit like fartcoin and truly believed that was a low-risk position bc relative to 100x short on the latest 2-hour-old coin it actually is “low risk” now, that said, I think bro really meant that the folks doing this were not rando’s off the street but rather people who had been in crypto for a minute. and that is true to a certain extent. but it doesn’t mean they had any actual understanding of the risk they were entering into, were appropriately mitigating that risk, or had even 5% of their net worth hedged in cash, stables, stocks, or even sol/eth/btc. thus, they are still fully “retail” in that sense. i would argue that they had even less sense of the risk than true “retail” exactly BECAUSE they were living on ct. their perception was relative to the most insane, degenerate positions that show up on timelines—a certain portion of them lies. retail has a sense that 2x long on fartcoin is risky. the dude who got completely wiped out here has 5-8 figs net worth (99% in coins that are less than a year old) and thinks he’s being responsible. and that is what’s causing the insane pain.