I’m super curious to watch $DEGEN evolve. I have a loose thesis that becoming a utility / governance token might actually be bad vs. embracing pure memecoin status

Contributor to crypto, building Based Management, co-founder of PoolTogether Inc, instigator of pleasrDAO

https://leighton.mirror.xyz/

It's still in that ambiguous state where ppl can put whatever valuation they want on it. Memecoin? Done. Layer 3 / Blockchain? You're filled. Memetic Social Money? You're also good.

As with anything if you reduce the stories that can be told the audience also gets smaller

But I do think there's a chance it walks a line of being a lot or some version of those things. L3 is the DEGEN denominated casino, FC for tipping, dApps integrating DEGEN for memetic/community attention.