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Right, there is no takeaway, retail was making it a meme coin for the lulz and this is about volatile fun trading opportunities from people like me that have no care for the name of any asset or ticker.

A buy the dip trade fueled by unverifiable rumors of a recovery plan.

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"dead cat bounce" is what we call it in trad fi.

Yep, never seen a bounce with that amplitude and speed before, personally.

I love how crypto can have so many exchanges accessible simultaneously. Prices all over the place. Chart and price aggregators all over the place. Massive information asymmetries. Better to make your own pricing tools and have better information than others, the bar is quite low so its easy to get an advantage here than in tradfi.

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