In late 2023 Avalanche came out saying they would support certain memecoins. People were fucking excited about that and speculation ran wild, people were having fun trying to guess which ones they would be.

What people did not expect is what would come next, a one time pump and dump from the foundation with a full year of no additional support, sending all but one ($COQ) to lows that they have not seen pre announcement.

Many times the community voiced their concerns and never received any official communications about it, and definitely no additional support. 

Most of all of the users in the ecosystem left and Avalanche faced a liquidity crisis all of 2024 after March because of this, and hasn’t returned much yet.

Coins that were on the list, down 95%, no additional support given. 

The long term supporters of Avalanche, that held through the bear and that are still here that were impacted the most.

The EQ game needs to step up a notch, IQ isn’t what gets people to want to be here and stay.

Lots of us feel isolated.

With that said, I am confident that whenever liquidity does return to the ecosystem with some stickiness, a lot of the communities will be able to capture that new liquidity.

I just wish that Avalabs never announced any support of memecoins if it was just going to be some publicity stunt that caught a lot of people and drained them of their liquidity with no additional follow up support.

I remain bullish, but it’s unfortunate after being here 4 years that people haven’t been able to figure it out.. people are people, and Avalanche has a lot of strong voices.

The majority of charts on our ecosystem look like failed projects, and it’s not the case, I see a lot of opportunity here. But please for the love of god never put out any post that captures a lot of liquidity in the ecosystem and follow up with dollar store quality delivery.