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Check the allowance to points-received ratio of top accounts, and you will notice that most of them are simply exchanging tips.
As engagement does not count anymore, there are no giveaways, no money-guns being done, and so new users are not winning anything.
Therefore, their presence in the degen ecosystem is worthless.
Without them, there is no buying pressure, and the lack of development on external degenchain projects is failing to m bring enough liquidity in the market to help fight the massive sell-offs.
Degen team, please, wake up. You're the #1 farcaster token, and as i see it, there is simply no PR or marketing to confirm this.
For now, the hat stays on. 6 replies
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