The Power Of Conviction: A Story About $COPE

Written by Jason Krutzky, Chartered Meme Technician at Spot Trading.

Howdy Gang,

Most days, I'm here breaking down the coins with the best shot at making you money. The ones riding waves of hype, backed by major launchpads, or sitting on killer technical setups.

But today I want to tell you about something different. A story that cuts through all the noise about what it takes for a coin to succeed. Because while everyone's chasing the next shiny thing, there's one ingredient that trumps everything else, and most people completely overlook it.

The One Thing That Actually Matters

Here's the reality: thousands of new tokens launch every single day. The vast majority die quick, unremarkable deaths. If you've ever tried launching your own project, you know how brutal it is out there.

Sure, having money helps. Connections help. A killer marketing team definitely helps. But even with all those advantages, projects still fail left and right.

In this game, whether you're launching coins or just trading them, there's only one thing that's absolutely non-negotiable if you want any shot at success: unwavering conviction. 

Which brings me to a coin that's been absolutely dominating CT mindshare over the past 36 hours and the story of how it got there.

The Power Of Conviction: A Story About $COPE

Enter $COPE. 

$COPE was launched on Pump.Fun in April 2024, and initially, it appeared that the coin was going to make it.

On the day of its launch, $COPE got to 'King Of The Hill' status. 

For any old heads here who know what that means, kudos to you. For those that don't, 'King Of The Hill' status was a designation for the top trending coin. 

If your coin made it to KoTH, it was likely going to bond, which meant it would graduate up to the dexes for proper trading. (For clarity, a coin bonds when it hits a specific market cap determined by the launchpad. At the time $COPE launched, I believe that number was around $60k or so.)

There was only one problem: $COPE never did bond.

Sadly, once it got KoTH, that was it, and it began its slow fade into obscurity.

But the $COPE dev refused to give up.

The Relentless Dev

Just a few days post-launch, the dev began airdropping $COPE tokens to random wallets that engaged with their posts on X. In dollar terms, the tokens didn't represent a lot of money, but it was a good initiative.

By May, they had also burned 13m tokens to reduce the supply. 

After these attempts failed to spark any real momentum, the account went dark for a few months. No posts, no updates. Just crickets.

Anyone who was watching the project up to this point likely exited their positions or accepted that their coins had turned to dust.

Then, at the start of this year, the dev returned once again. Perhaps because SOL was back to all-time highs? Hard to say. 

But regardless, they were back to grinding, even using their job at DoorDash to promote the token. 

Months went by, and the dev kept bullposting into the abyss on X.

By mid-August, they had burned 25m tokens and only had 2m tokens left in their dev wallet. It seems here they decided it was time for one final airdrop. 

And then, just as the dev had given away or burned nearly all of their holdings, the unthinkable actually happened: The token bonded. 

The harrowing story of the $COPE dev's 17-month quest to get the token bonded caught like wildfire across CT, and very quickly, the coin soared to a $3.5m market cap.

Having given away or burned nearly all of their tokens, the dev decided to make one final offering, locking up their remaining 500k tokens for 5 years. 

It was the ultimate diamond hands move, and $COPE launched higher, hitting an $18m market cap this afternoon.

The value of the dev's initial holdings at this market cap? A cool half million dollars. 

Why This Matters

This isn't just a feel-good story about persistence (though it definitely is that). It's a masterclass in what actually moves markets in this space.

While everyone else is looking for the next KOL to pump their bags or trying to decode launchpad signals, there's another type of alpha: find the builders who simply won't quit.

The ones still going when everyone else has moved on. The ones burning their own supply when they could easily dump it. The ones bull-posting into the abyss.

Because in a market flooded with quick-flip projects and mercenary capital, genuine long-term conviction stands out like a beacon.

That $COPE dev didn't have deep pockets or insider connections. They had something better: the kind of stubborn determination that eventually gets noticed.

Sometimes the best trade isn't about finding the smartest money. It's about finding the people and projects who want it most.