@jrh3k5.eth

*Theoretically*, the price of DEGEN can and will remain consistent between Base and Solana. HOWEVER, nothing guarantees that they remain consistent - I've seen (a very minority case) of tokens have different values on different chains. It's usually about what the market prefers. If DEGEN folks decided to just abandon the token on a chain (and I have ZERO reason to believe they would do this), the value of DEGEN on that abandoned chain would drop to zero while the other chains would be unaffected (unless the abandonment shook confidence in the entire coin, which could cause the token to drop in value across those chains, too). It's why USDC had a depeg - you were still able to redeem it for 1 USD on places like Coinbase, but confidence in the token was shook by closure of Silverbank, which caused it to depeg on the open market from 1 USD.

0 reply

0 recast

0 reaction