market caps, tipping edition

$degen = $81.9M
$noice = $2.7M
$tipn = $561K

I like running, poker and oysters | Founder, Social Forensics | Berkeley & UPenn | Learning to listen

aye. resembles degen's farmer exodus circa june 2024 iirc. if so, it's good timing; they're leaving /sooner/ than with degen and so will have a less... corrosive... effect on culture, development direction, etc. catalysts work better on true believers; extractive farming is a cancer that kills quietly.

that`s not a bad way to look at it. chart isn`t noice, but the tokens moving to stronger hands could be better for the long run. noice on x should be here pretty soon too - the start of the next leg up.

softly held theory: organized farmers are exiting en masse because noice anti-farming measures threaten their airdrop gamble. so the pump they caused retraces as they withdraw liquidity and exit. that looks bad on charts but is actually very good; sad price gives way to honest appreciation over time. could also be fatal 🍿

Do you think a buy position for Degen is the most viable?

NFA, and i don't hold a large position in any of these, but remember that $degen did fall ~90% after its first rally, iirc

Building @tipn @farstore @rebase | Advising /24art | Prev. @cent Nifty Gateway | Hosting /thewipmeetup | byteGAN #265 PFP by @vanarman

Only one has taxes on buying and selling 😅 

Was wondering if taxes can create flywheel for $tipn like: 

Hype → Buys with tax → Price pumps → Early sells → Sell tax reduces returns for early buyers → Price dips → Panic selling → Larger dumps → No new buyers → Liquidity dries → Price crashes 

Assuming we are at panic selling waiting for larger dumps

Market cap is meaningless without taking liquidity into account

Liquidity for those three tipn coins

$1.5M
$581k
$571k

Which provides more valuable data? Prob noice at this point. 

Degen sailed to the new lands and people are awaiting the return of their voyage. 

I like tipn

BRND

I've just created my “tipping” /brnd  podium:

🥇Degen - /degen 
🥈noice - @noiceapp 
🥉Tip ‘n Earn - @tipn

Vote /brnd 

https://farcaster.xyz/esdotge/0x0016d0a2

still have a chance 

or should be new one