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ted (not lasso)
@ted
has anyone analyzed wallet activity of addresses holding $mother or $jenner? consumer crypto stakeholders seem to be relatively bullish on memecoins playing a key role in onboarding the next million or billion this cycle's memecoins have been around for months now. what's the data show? should i @bountycaster this?
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Luke
@lk
I think you would find that most of them are only trading memecoins. Wouldn't be surprised of most are just Photon + BONKBot wallets that only really have buy/sell actions. General sentiment is that memecoins within the context of the frenzy are actually pretty boring, but they are just a vehicle for profits; and wherever the profits are, people will flow. There's definitely a big onboarding mechanism there, but I think the most potent one for blockchains in the foreseeable future will be through the application layer (use cases like Farcaster, Drip Haus, Lens, etc.), rather than through direct meme investing.
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