Memecoins without any organic demand, will die off eventually. 

Coins like degen, bonsai that have demand within a community, for tipping, minting, rewards for bounties etc have a use, have velocity, accrue value that way. 

These types of memecoins will survive. 

And some will be massively successful.

Took a break. Now gearing up for the next round. Still checking out everything onchain. 

https://portrait.so/notfloris

Well, yes, but only community is not enough. 

If there’s only community then it’s a ponzi game, early in early out. 

But if there’s use, creating organic demand for a coin, that gives it velocity (it’s going around because it’s used for payments, tips, bounties, rewards etc) 

This demand creates value. 

A community can create fomo, memes, marketing, but not demand that’s organic. Maybe a spike in demand through marketing, but there’s a limited amount of people that can be reached and will be buyers.

Community is essential for memecoin success