According to @cobie on Twitter, memecoin trading is increasingly competitive and considered the minor leagues of crypto trading, with 99% of participants not advancing to perpetual futures (perps) trading. Perps are described as scalable and akin to the major leagues, offering significantly higher earning potential and liquidity compared to memecoins. This analysis suggests that traders aiming for substantial profits and long-term growth should consider transitioning to perps trading for greater scalability and market depth (source: @cobie on Twitter, 2024-06).