Meme coins are a futarchy signal. That is the main value they provide to broader crypto ecosystem.
When DeFi projects start launching in a more fair and inclusive way, that will be a sign that they have served their purpose and I can begin divesting from meme coins.
@heavygif@VietnamPenguin Still a loss, he would have had millions more had he not hedged the spot. Basically the same as selling his spot and putting USDC in yield
@blockchainjames@TrustlessState No. ETH is pricing in much of the great things ethereum will do in the future so I’ll sell my ETH because its future returns look small compared to the prospect of other investments.