The first one-person unicorn will be some solo dev’s project with a coin

Arguably may already have happened? Could make an argument for $GOAT

But tokens are not equity so maybe doesn’t count as a unicorn even.

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Well yea it could just be a normal business that reaches a 1b valuation. I’m theorizing it will be a token though

i don't think an "mcap" based on a token price can be considered a proper valuation...so i'd argue that it's germane

Perhaps but that is an adjacent / different conversation to the OP

it will briefly touch 1b and then deflate like the rest. i think it having a token is actually worse