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This is an interesting situation...do you think this news is already factored into the current price of degen? Do you think there currently is an audience/buyer for degen on Coinbase? Obviously we will find out over the 24 hours, just curious what others think.

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A major vendor like CB coming onboard IS a very beneficial change for degen protocol. It brings attention, resources, liquidity, credibility, etc etc.

Buuuuut no one really cares about what the listing means, only what it does to the immediate price. To that end, expect it to pump then dump, then recover through the rest of '24 into Q1 '25, and beyond. Binance listing will mess up that schedule a bit, but not gravely.

I appreciate you taking the time to lay this out. Obviously this is a big deal for us, as degen holders.

100% agree. I was thinking after I typed my last comment, what longer term narratives are you hearing/hypothesizing, if any?

It's a lot more than the short-lived market effect, that's for sure.