Probably the most accurate description of the what's happening with $degen, $enjoy and $higher and all the other things bubbling up rn is 'culture coins' but I'm not sure that term has enough rizz.

icebreaker.xyz/0xen |
https://gallery.so/Oxen/galleries | https://opensea.io/collection/farcats

‘culture coins’ is the best description i’ve seen so far. didn’t like the ‘scenecoin’ term.

also think ‘culture coin’ loses some ‘meaning’ as it gains more utility: $higher > $degen $enjoy in terms of ‘culture’ whatever that means

still confused as to what develops a token’s culture