basil pfp
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?
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basil pfp
basil
@itsbasil
my cynical ass tends to believe that the most useless & aggressive memes sustain cross cycle, or enjoy multiple runs, while anything useful or positive tends to have a hard time retracing after its initial pop
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alex
@proxystudio.eth
no, I think that speculative assets with charitable purposes are like the biggest red flag, super rare that they actually do that good in the world
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basil pfp
basil
@itsbasil
are “vibes” charitable purposes?
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