393392
Kien Nguyen
@kien #393392
/eth-nfts
631 Follower 443 Following
Hi, are we back?
$DEGEN is down more than 10 times from the top, and it all happened within 3 months.
$DEGEN is approaching $0.01
What would you do if it goes below?
Continue buying the dips? Or it's time to cut losses?
What would you do if it goes below?
Continue buying the dips? Or it's time to cut losses?
If I buy NFTs and they go to zero, at least I still have the art I enjoy.
If I buy meme coins and they go to zero, I’m left with nothing.
If I buy meme coins and they go to zero, I’m left with nothing.
A cool model from the $BUILD community:
People nominate their favorite builders, who then receive a $BUILD airdrop.
But instead of just keeping it for themselves, those builders committed nearly $700K back to the Build Summer Fund.
People nominate their favorite builders, who then receive a $BUILD airdrop.
But instead of just keeping it for themselves, those builders committed nearly $700K back to the Build Summer Fund.
$DEGEN is the 3rd largest token on Base by wallet holders, after wETH and USDC.
Started as a meme coin for tipping on Farcaster, it quickly became a cultural phenomenon and inspired a whole new meta of 'tipping tokens' on Base.
On top of that, $DEGEN also launched Degen Chain L3 to enable experiments beyond just tipping.
However, after an initial surge to a $750M market cap, $DEGEN plummeted to $195M.
The lack of use cases beyond infinite tipping supply created perpetual selling pressure.
Daily transactions on Degen Chain L3 plunged from 4,000,000 at peak to ~100,000 now.
Recognizing this issue, team leader @jacek has proposed the following solutions:
- Generating revenue to redistribute value
- Acquiring valuable projects/incentivizing top builders
- Doubling down on meme community building
With no blueprint for this token type, it'll be interesting to see how $DEGEN navigates the coming months.
Can $DEGEN execute a sustainable model beyond meme coin status?
Only time will tell.
Started as a meme coin for tipping on Farcaster, it quickly became a cultural phenomenon and inspired a whole new meta of 'tipping tokens' on Base.
On top of that, $DEGEN also launched Degen Chain L3 to enable experiments beyond just tipping.
However, after an initial surge to a $750M market cap, $DEGEN plummeted to $195M.
The lack of use cases beyond infinite tipping supply created perpetual selling pressure.
Daily transactions on Degen Chain L3 plunged from 4,000,000 at peak to ~100,000 now.
Recognizing this issue, team leader @jacek has proposed the following solutions:
- Generating revenue to redistribute value
- Acquiring valuable projects/incentivizing top builders
- Doubling down on meme community building
With no blueprint for this token type, it'll be interesting to see how $DEGEN navigates the coming months.
Can $DEGEN execute a sustainable model beyond meme coin status?
Only time will tell.
ok pls stop selling
The whole market cap of ETH NFT is $4B, lower than the market cap of Pepe.
If there's an index token for NFT, it would be one of the best performing indexes this cycle.
If there's an index token for NFT, it would be one of the best performing indexes this cycle.
A team member just bought almost $15k worth of $BUILD
Some thoughts about $nouns on the other app
It’s wild to see Base and Degen Chain leading the transaction per second (TPS) count.
Study “scenecoins” and how communities can build successful brands like $HIGHER
Some thoughts about Ham Chain L3
I'm still holding the majority of my ETH and Base NFTs over the last few months.
If they make a come back, I’ll be hapy.
If they don’t, I’m fine collecting JPEGs for the rest of my life.
If they make a come back, I’ll be hapy.
If they don’t, I’m fine collecting JPEGs for the rest of my life.
I'd rather put my money in ETH mainnet and Base than FOMOing into Solana meme coins at this point.
We all know attention is part of the game, and Sol meme coins have basked in it for months now.
Will they climb higher?
Maybe, but for me, the R/R isn't as attractive anymore.
We all know attention is part of the game, and Sol meme coins have basked in it for months now.
Will they climb higher?
Maybe, but for me, the R/R isn't as attractive anymore.
(1/2) Milady flipping Pudgy Penguins and Azuki's volume has become the norm now.
People took them more seriously in the blue-chip conversations.
Some even switched their PFPs from Pudgies/Azuki to a Milady.
People took them more seriously in the blue-chip conversations.
Some even switched their PFPs from Pudgies/Azuki to a Milady.
Onchain Summer
TOSHI looks undervalued here
If you think about it, content creators are the literal example of “$BUILDing in public”
$BUILD is up 37% in the last 24 hours.
Volume has slowed down, and the price has been stable at around $20-25M market cap after the initial hype ended.
Now is probably a good time for accumulation, as airdrop 1 will happen sometime in June.
Study $DEGEN's chart at the end of each season.
Volume has slowed down, and the price has been stable at around $20-25M market cap after the initial hype ended.
Now is probably a good time for accumulation, as airdrop 1 will happen sometime in June.
Study $DEGEN's chart at the end of each season.
The whole ETH NFT market is in the red because of Blur farmers dumping, except for Azuki.
However, if you look at the wallets that bought Azuki in the last 24 hours, most of them used leverage to make their purchases.
Overall, the market is still bearish.
However, if you look at the wallets that bought Azuki in the last 24 hours, most of them used leverage to make their purchases.
Overall, the market is still bearish.
Higher is going lower and lower everyday.
Higher?
Higher?