$JOE: To Bridge, or Not to Bridge? For years, $JOE has lived on Ethereum - and only on Ethereum. The discussion of whether or not $JOE should bridge to other chains (like Solana) has gone on behind the scenes for months now. Despite that, the community and team have continuously grown, and grown, and grown -- and so has their reach. I now believe that $JOE has grown too big for Ethereum, and needs to expand its horizons to continue growing Here's why: 1) Solana is this cycle what exchanges were last cycle for new coins Last cycle, if you wanted to reach new retail, you had to get listed on Binance, Coinbase, or another big CEX. That's where attention and liquidity lived. This cycle, it's Solana. Solana has been the first stop for fresh money, speculation, and new narratives for over a year now 2) There may be no liquidity on Solana right now, but exchanges don't have liquidity when they first list either You used to need exchange listings like Coinbase, Binance, etc to get a massive pump. Usually, that means you also need a market maker, and a lot of supply for them to use to fill the orderbooks But nowadays, you can just add the liquidity yourself to Orca, Meteora, etc and print off the LP fees as the price goes up 3) Most of the $JOE supply will stay on Ethereum regardless I've seen a lot of people say that $JOE on Solana would be bad for the price because Solana is "full of jeets", but in reality, I don't think more than 10% of all $JOE in circulation would get bridged to Solana How is that any different than 10% of the supply of some other memecoin being on exchanges? It's no different, imo. Ethereum $JOE is for the holders, and Solana $JOE is for the traders 4) Market participants are looking for 100x's on Solana, not on Ethereum Ethereum is where capital goes to park itself in bluechips, DeFi protocols, and even established memecoins like $SPX $PEPE and $JOE But the gamblers, the gem hunters, and the 100x chasers are all on Solana The appetite for asymmetric plays and high trading volume during periods of froth has been on Solana for over a year now #MOODENG, $PNUT, $CHILLGUY, $GOAT, and even $SPX were all on Solana when they ran to $500m+ So, why not $JOE? With $JOE at a local bottom, and $BTC $ETH $SOL all showing signs of going higher into Q4, I decided to use @wormhole to bridge a small portion of my $JOE to Solana and add liquidity for it, similar to what $SPX did in 2024 Not because I want to sell it, but because I want people on Solana to be able to trade $JOE at $0.02 and eventually at much higher prices This is just my opinion as a member of the community, and doesn't reflect on @joecoin_ or the rest of the team If this post get traction then I'll make another thread explaining what Wormhole is, how it works, the risks involved, and how anyone can use it to add liquidity if they're interested in doing it I think people should be informed and make their own decisions, whether they're a shrimp or a top holder, so feel free to ask questions as well 🫡 joerillions
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