timdaub pfp
timdaub
@timdaub.eth
right: ETH, left: memecoin Memecoins aren't leveraged ETH for the simple reason that they're not holding ETH's price level. DEGEN has been headed down further, while ETH hasn't. It seems they do amplify directional momentum though. E.g DEGEN went up quite significantly with the 20% ETH ETF pump on May 20th. Still, wouldn't have holding literal leveraged ETH performed better over the last 3m here?
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Martha pfp
Martha
@0786
Degen is warpcast meme, both goes hand in hand. Remember when OG NFT were selling for 4ETH, now sentiment is low and lens is moving forward, tipping is extremely low and 1confirmation deal will unlock in August.
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