0xen 🎩
@0xen
The Zerion piece published today was a good read for folks interested in $degen lore but we should stop calling the largest L3 by market cap, TVL and volume a 'memecoin'
14 replies
5 recasts
64 reactions
Matt Lee
@mattlee
The fact that it’s both a meme coin and an l3 token is why I haven’t sold. If it was just one of them I’d take profits.
2 replies
0 recast
1 reaction
Dan Romero
@artlu
100% agree that $degen is a memecoin, a scene coin, a utilitycoin, and has an L3. Price + flows may be dominated by memecoin winds, though. My views: - profit-taking is risk management - market doesn't care about ur PnL - scene coin + utility + L3 provide a valuation floor, reduce risk of going to zero NFA DYOR
0 reply
0 recast
2 reactions
Dan Romero
@artlu
if $degen is worth a nickel, my rough breakdown: - 0.02 scenecoin collective value for /degen community, incl. /perl, /drakula, /bracket - 0.02 memecoin attention value for Warpcast fund-raise - 0.0075 L3 - 0.0025 utility/visibility for Farcaster tipping economy Healthy IMO! Eager to hear ur views @mattlee + anons!
1 reply
0 recast
1 reaction
