Degen

$DEGEN price caused by underlying issues (Conduit/chain halt) and bleed won't stop until a large wipeout occurs, at this point. 

$100mm - 125mm is a strong base so if we get a flush I fully expect buyers to defend there. 

For now, i cannot justify adding. I'm already overweight DEGEN, heavily.

big fan of Degen but it is evidently clear the market w/in context of L1s and L2s finds Degen as the riskiest of the bunch and to sell it down rather than hold/bid. 

this is expected as I said given recent issues. but only team/builders can show us if we're undervalued or overvalued in the coming weeks. buckle up

this seller has sold approx 40m tokens btw

Husband. Foodie. Ex Antennae Ventures. Dog lover!

The tip mechanic was novel and exciting, and promoted a great price run a few months ago.

You're right: it's about having real utility beyond tipping that will determine whether $DEGEN retakes the highs over time.

I'm bullish with the builders using it as core! But it's gotta keep coming...