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0xpotus (🔵, 🎩)
@0xpotus
$DEGEN's MC per total number of wallets is substantially lower than other tokens. What does it mean (a) Fair distribution and common man's true token of choice 🎩 (b) Uniformity in our collective cause and holdings (c) Ready to pop (d) Write your thoughts in the comments below:
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0xpotus (🔵, 🎩)
@0xpotus
And here is ChatGPT's assessment on the matter:
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BrixBountyFarm 🎩
@brixbounty
I think its reflection of both great distribution through the tipping mechanism and also the reality of a bunch of app based wallets that were using $Degen that either still hold the Degen or have some dust degen. Example I have or had - should check - Degen in Drakula, Jeeves, Bracket, at least 5 base wallets that are in my direct control, probably more - cause I was using degen to mint stuff and interact with "new" apps etc. So while I think it's awesome it likely overstates distribution related to actual individuals. That being said I would also say the distribution as an organic result of so much experimentation and integration is pretty great all around
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Mostafa 🎩
@mostafa1992
This shows the loyalty of the number of holders.
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NikitaLeo🎩
@nikitaleo
This is a fair result of the distribution of tokens among users who are determined to work with the project for the long term and are ready to hold tokens, but do not perceive it as a short-term speculation
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Ray F. 🎩
@cryptowenmoon.eth
Agree with @brixbounty , while the tipping mechanism has made it possible to distribute degen to a lot of folks/wallets, we can't ignore how a lot of people have multiple wallets and how Drakula and other apps requiered people to have multiple wallets as well. Remember there are still new apps coming out where you have to deposit degen to play around so that mean a new wallet for each user that wants to try a new app. Anyways, good analysis! I think $DEGEN is still undervalued under 1B MC.
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Nick Rishwain
@nickjrishwain
I think it is clear that degen holders are the chosen ones.
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