basil
@itsbasil
is there an example of a memecoin that raised a bunch of money & hype, popped, pivoted to “doing good” after their initial crash re utility & community, and then saw a retracement to highs in the following cycle?
4 replies
1 recast
7 reactions
kenny 🎩
@kenny
Dogecoin?
1 reply
0 recast
0 reaction
basil
@itsbasil
only one i can think of as well. did doge ever do anything “good” tho or was it always just a tool for Elon & Cuban?
1 reply
0 recast
0 reaction
kenny 🎩
@kenny
Doge had a rich history of decentralized community action and charitable works done by the community long before Elon got involved in 2021 the coin doesn't survive if there was a core group of believers from 2014 - 2021 keeping it alive be doing fun things in the name of Doge: https://www.reddit.com/r/dogecoin/comments/24h11n/announcing_doge4housing_help_families_with/
2 replies
0 recast
0 reaction
basil
@itsbasil
i remember a little of that. curious why we don’t see more “memes as awareness.” the idea feels very 2020 coded in a way but it does feel like low hanging fruit. could easily see the “don’t kill yourself” meme tokenizing, skyrocketing, and raising a bunch of awareness for depression. i suppose that it’s because there isn’t much “get rick quick” community crossover in the “awareness, public goods & altruism” camp, which makes sense. feels like it could be easily exploitable given the emotional context. perhaps the move is to be somewhere in between, like higher is doing—something more like a brand rather than just a singular awareness purpose
1 reply
0 recast
0 reaction
kenny 🎩
@kenny
yeah I think it has to happen spontaneously vs being centrally planned, but it does tend to happen organically I've theorized on it before: https://warpcast.com/kenny/0xffc55742
2 replies
0 recast
1 reaction
kenny 🎩
@kenny
I believe @doginme has led some charitable efforts as well and I know that the harrypotterobamasonic10inu crew paid for wells in Africa https://x.com/MandelaBTC/status/1713404163202097254
1 reply
0 recast
2 reactions
doginme
@doginme
Thanks for the shout out 💙 One of our community members @cryptoet recently ran an onchain art campaign to raise some funds for charity. https://x.com/etonbase/status/1842348083184898185 There have been a couple other occasions as well
0 reply
0 recast
1 reaction
