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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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Luckyninja 🎩🆓
@luckyninja.eth
Honestly I feel as if it will go into lp providers/ some form of staking/its became a social concept now and is beginning to prove itself and as always if the people believe and hold then of course price go up but personally I feel as if some big things coming. And it's beyond a meme it is this network and community.
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Thomas
@aviationdoctor.eth
Interesting. Could the social concept be overblown? My earlier analysis showed that 2% of the retail wallets own 80% of the supply, and half of hodlers own less than $22 worth of $DEGEN. So it’s more of a whales game than a grassroot thing IMO, especially once the free tipping ends and, with it, the social utility
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Luckyninja 🎩🆓
@luckyninja.eth
It highly could be, because this space moves so quick before the next new thing , personally I have under 10k degen about $13 to be technical 😂 we just don't know what the next "utility" will be if there is one
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Thomas
@aviationdoctor.eth
Indeed, @jacek and team have been creative with the daily tipping allowance mechanism, maybe they’ll figure out further utility for the token once the airdrops all been distributed.
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