Can someone help me understand 10K PFP tokens?

Who is buying?

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

top projects of last cycle’s meta (nfts) moving their brand equity into this cycle’s meta (memecoins)

buyers are aplenty, initially:
“if some random shitcoin can go up surely this big crypto-native brand can make a coin go up”

new project @acidtest — coming soon 👤

right but what happens when coin go down

how does it go back up?

then they better start posting some really nice looking pics on twitter!!!

iunno.. looks like Pudgy’s play is to attach pengu’s meme to Abstract 

and dood feels like it’s a first-mover play on OS2 which sounds like it will be supporting erc20s now(?). perhaps OS will try to make sense of this NFT-plus-ERC20 combo as first-class citizen in their product.

cheeky: wen devs do something
plan: wen utility 
real: wen never

In PFP projects, the token itself doesn’t hold much value; rather, it’s the community and the utility behind it that make it valuable.

If the token has a strong community and valuable utility, it will definitely experience an upward price trend again.