The Zerion piece published today was a good read for folks interested in $degen lore but we should stop calling the largest L3 by market cap, TVL and volume a 'memecoin'

icebreaker.xyz/0xen |
https://gallery.so/Oxen/galleries | https://opensea.io/collection/farcats

The fact that it’s both a meme coin and an l3 token is why I haven’t sold. If it was just one of them I’d take profits.

100% agree that $degen is a memecoin, a scene coin, a utilitycoin, and has an L3.

Price + flows may be dominated by memecoin winds, though.

My views:
- profit-taking is risk management
- market doesn't care about ur PnL
- scene coin + utility + L3 provide a valuation floor, reduce risk of going to zero

NFA DYOR

this... don't take away degens memetic power.