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Thomas
@aviationdoctor.eth
Once the current utility from free tipping disappears with the final airdrop, is there a genuine long term bull case for $DEGEN? What will prevent it from decaying into irrelevance like the thousands of meme coins before it? Looking for serious replies, not $DEGEN to $1 memes.
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evmlion
@evmlion.eth
I think it's actually more bullish (assuming there will be a base season) than bearish because the dilution is over. That said I believe very few meme coins can survive more than one cycle
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Thomas
@aviationdoctor.eth
There will still be 15% of dev allocation (which are currently vesting), but yes, it’s a good point that at least there won’t be significant further dilution (except for inflation which is set to start in 2027).
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Safu Frog
@safufrog
is the dev/vc allocation currently bridged to the L3 or is it on Base?
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Thomas
@aviationdoctor.eth
Last I checked it was on Base. You can look up the token on BaseScan and sort the top 100K holding wallets from largest to smallest. The top ones are the dev allocation / LP / etc
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