Bought magnet paired with spx Support Coins Thesis- A New Type Of Shitcoin This subcycle has created a new type of coin that cannot be truly classed as a beta. The pair lps that buy back the main coin cause enough buying pressure to the main coin that its actually accretive to the primary coin for these to exist- especially when many people are priced out already USEFUL/USELESS is a great example of a support coin in action KNOTS/STONK as well Any memecoin that turns into a flywheel supporting another coin's a support coin Where as beta coins demand 0.1-5% of the main coin's max market cap, support coins so far have been able to maintain 10%+- they serve different purposes, and allow a different class of buyer to speculate on a coin You're probably not getting a 10-50x on really high 9 figure runners, this deters a lot of buyers But you can speculate on how much people want to buy the *idea* of these coins that wouldn't mind accumulating the main asset, but still want to play for multiples This is why support coins exist. To allow speculators to leverage up on an idea. Get paid 1000% APY for holding a coin that can 10x while the underlying asset also accrues in value. This is a new meta unfolding potentially? 🧲