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Content
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alex pfp
alex
@proxystudio.eth
Category: Pain Tokens: $DEGEN, $HIGHER, $BUILD, $TN100x Notes: Our tokens are down bad. Tipping tokens across the board have taken serious hits, but pretty much any asset in the Farcaster ecosystem you want to talk about is down, regardless of distribution of supply, between 70-85% from highs. Curious to hear peoples thoughts: What brings a bid?
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Apex777 pfp
Apex777
@apex777.eth
Category Pain πŸ˜‚πŸ˜‚ Alts, specifically low cap alts are all down bad. My take is bots / farmers continue to sell and no new bids coming in. Yet. 77 $DEGEN
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guozuπŸŽ©β›“οΈπŸ”΅ βšͺ️🐹 pfp
guozuπŸŽ©β›“οΈπŸ”΅ βšͺ️🐹
@way
The privileges created by PB alienate users, and no one is willing to pay for it.
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bigmikeπŸŽ©πŸ”΅β†‘ pfp
bigmikeπŸŽ©πŸ”΅β†‘
@thepizzacompany.eth
the crazy thing is. I think much lower unfortunately. seems like BTC is about to flush
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Mark Fishman pfp
Mark Fishman
@markfishman
To me it always comes down to why should I buy your token Do I need degen to use an app? Higher to buy some merch? They need to cross the chasm from memecoin to currency
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jihad ↑ pfp
jihad ↑
@jihad
Two options: - Network grows - Speculators start believing the Farcaster hype again Right now network is stagnant and outsiders think Farcaster is a scam.
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dialethia πŸ–πŸŽ© pfp
dialethia πŸ–πŸŽ©
@dialethia.eth
It's just a matter of time. Get positioned, enjoy summer and don't sweat it. This is where the action will be when the tide flows back in. πŸ–x500 500 $DEGEN
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gill pfp
gill
@gill
imo FC tokens are just a grain of sand on a beach getting hit by a (temporary) wave of bearishness. BTC n ETH will always be the gauge. BTC struggling, ETH underperforming against BTC. Every derived ecosystem on ETH universe will take a harder hit. Big pockets will run for assets they know have bigger chances to bounce back or even seek protection on stables. The question is, what will outperform ETH when tides change. I guess (NFA!) when the ETF comes to fruition ETH outperforms everything else for a while. Just out of reflection, if u guys think FC tokens are weak, take a look on OP vs ETH (and vs BTC). Sad.
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Whalefund pfp
Whalefund
@whalefund
Need more DAUs on Farcaster. April seemed close to break-through but since then it's just power badge accounts being visible on here which is tampering growth massively imo Social networks won't survive closing themselves off from new entrants this early. Churn of newly created accounts must be high atm.
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Kien Nguyen pfp
Kien Nguyen
@kien
I actually think a lot of Farcaster tokens went up during the time Farcaster tried to raise funds. After raising $150M, I don’t see the need for Farcaster to pump the tokens within its ecosystem anymore
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ulexam pfp
ulexam
@ulexam
can we go to base chain instead?
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π–‰π–žπ–ˆπ–•ΒΉα΅ pfp
π–‰π–žπ–ˆπ–•ΒΉα΅
@tn100x.eth
poor crewβœ…
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Ben  - [C/x] pfp
Ben - [C/x]
@benersing
Its the nature of meme coins. Hopefully people anticipated it? 🀷
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SuperBased ⁢⁹ πŸŽ©β˜”οΈπŸ”‹ pfp
SuperBased ⁢⁹ πŸŽ©β˜”οΈπŸ”‹
@superbased
there is zero upside speculation in this ecosystem currently. oh this token will airdrop me? why would I buy the token when I could farm. oh they are launching an l3? why would I buy the token when liquidity might not be the same + 7-day bridge. we need token sinks and room for positive apeculation. every asset at present moment appears to already have a dilution model outlined. doesn’t make me want to buy any of these.
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bark bark pfp
bark bark
@king
We still have quilibrium. @cassie my queen, you’re my only hope.
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Lumee pfp
Lumee
@lumee
I have no stats to support this because bots. But it feels like Farcaster is just not onboarding enough (real) people. That and every token is down.
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Pau 🎩 ⛓️‍πŸ’₯ pfp
Pau 🎩 ⛓️‍πŸ’₯
@p4u
The Farcaster space is still too narrow, cannot create enought buying preassure to keep such TVL for degen. Meanwhile the token is constantly being airdroped with tips, thus inflationary. Decisions on how tokens are distributed are taken by someone who use dune SQL queries and change rules suddenly. Degenchain is still a toychain, centralized and weak. I do believe, for an outsider, this is not a game to step in (yet?). So we must think about how to attract non farcaster people and bring new value. We must create trust by decentralizing both decisions and infrastructure. Degen should evolve and start looking behind farcaster.
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Luffy pfp
Luffy
@hinhuk
IMO all of these tokens were pumps too much, people gains too many X. And the most active traders/holders are on Farcaster, not from CT, so now when market is down, all of these tokens go down too, people are still profitable when got these tokens early.
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Dwayne 'The Jock' Ronson pfp
Dwayne 'The Jock' Ronson
@dwayne
Me rn https://x.com/dubzyxbt/status/1802874584720703604
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Ese 🌳 pfp
Ese 🌳
@esss
More users that buy more 10k degen for the allowance and the new holding incentives will help but imo we should focus on bringing new quality tippers and content creators alike
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