Most won’t understand the comparison, but the slop trade really does remind me of when the reselling bubble burst. Slop trade = memes, attention plays, low quality grifts, etc. You get roughly five years of fun, with a blow-off top during the final year or two. Then, the money leaves and flows into new areas. Many get stuck playing the same game, hoping for change that never comes. Sneakers & Tech (GPUs / Consoles) → TCG & Tickets. Tech reselling died once supply issues were solved. Sneakers died because of increased production and because Nike and Adidas couldn’t top the Off-White collab or Yeezys, respectively. Memes largely feels the same. Nothing will ever top Doge, WIF, Trump, etc. And there’s no longer a supply issue. At the start of the slop trade, liquidity was concentrated into top performers since there wasn’t much else to bid. Now, you get 10 deploys of the same meme, and basically anything gets tokenized. Another factor is market participant maturity. Bot reselling became as, if not more, lucrative than reselling itself. Developers noticed this, cashed out, and fostered a environment where millions of tasks fight for 1000 pairs of shoes on a site. . Not a 1:1 comparison, but multi-walleting and terminals create a similar issue. Unfortunately, what’s done is done and you can’t really undo this. So, what’s next? Should be obvious, but utility and quality. Slop has taken over across the board. Market participants are sharper than most give them credit for and we all should know how these attention trades end. There is no new liquidity coming into this trade and everyone left are the same suckers they are hoping to dump on. Memestocks trade like memecoins now, low-quality grifts on money Twitter are basically dead, and attention moves too quickly to see huge gains. It’s effectively a game of hot potato. Real utility and quality are harder to replicate and far more scarce. In a world of slop, quality stands out and winners will win harder. This should be obvious to most. I’ve had this idea since the Trump trade, but I still see lots of people clinging to the idea that memes are coming back and are blaming meme underperformance on outside factors like Solana foundation not bidding/supporting, teams being extractive, etc. Slop has topped, pivot to looking for quality.