timdaub
@timdaub.eth
right: ETH, left: memecoin Memecoins aren't leveraged ETH for the simple reason that they're not holding ETH's price level. DEGEN has been headed down further, while ETH hasn't. It seems they do amplify directional momentum though. E.g DEGEN went up quite significantly with the 20% ETH ETF pump on May 20th. Still, wouldn't have holding literal leveraged ETH performed better over the last 3m here?
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kenny 🎩
@kenny
DEGEN def not leveraged ETH DEGEN is leveraged Farcaster equity
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jtgi
@jtgi
For a while most of my holdings were ETH, BTC leveraged at 2x. Was doing perpetuals but you have to watch for fees, aka funding rate. Can get expensive under volatility (e.g. 40% annualized on dydx)
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misha 🪨
@mishaderidder.eth
✌🏼 and don’t forget to stake it
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Martha
@0786
Degen is warpcast meme, both goes hand in hand. Remember when OG NFT were selling for 4ETH, now sentiment is low and lens is moving forward, tipping is extremely low and 1confirmation deal will unlock in August.
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Etherscam🎩↑
@solscam
DEGEN shows stability. For those who are really upset, I recommend turning your monitor upside down and watching the new growth every day ↗️ ↗️ ↗️
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Mr.T
@bensimmon
Is this selectional bias fam ? You pick meme coin that survives meanwhile there’re 1000+ meme coin that dead e.g. Tosho, Moshi, BITCOIN, BODEN
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