"Crypto Twitter Is Over": When Farming Engagement Is More Profitable Than Finding Opportunities, Smart People Are Collectively Exiting the Public Timeline

Crypto Twitter’s alpha-driven public timeline is structurally decoupling from on-chain reality as attention shifts from discovering early opportunities to climbing social ladders and monetizing followers, according to a first-person essay by washed published via 深潮 TechFlow. The author traces a repeatable arc across sneaker, money and crypto Twitter: a small anonymous group shares genuine arbitrage edges, gatekeeps to protect returns, then tools and copycats compress the opportunity until competition shifts from being smarter to being faster, devolving into a race to front-run exits. He argues crypto now suffers both that bottoming-out dynamic—sniping new tokens, trading pre-launch pairs and spreading wallets across multiple addresses—and Money Twitter’s “selling the dream” problem, where hawking memecoin wealth stories pays better than actually trading, making influencers the new course sellers. Memecoin wealth for ordinary participants is largely over, he contends, replaced by a K-shaped, socially gated game where the top compounds its advantage, even if occasional $100M–$1B tokens still appear. The piece cites ICE’s partnership with TradeXYZ to bring Hyperliquid-based perpetuals to the U.S. as an example of real activity being crowded out of the spotlight, and points to the Kimchi episode—fame built on a friend’s joke about a $40M TRUMP trade—as emblematic of narrative outrunning substance. What to watch next: whether serious builders and genuine alpha migrate further into private groups and on-chain practice, leaving the public timeline as a marketing layer rather than a discovery engine.