My theory is that memecoin degens aren’t actually in it for the memes.
What they really want is early access to promising crypto projects, and are willing to risk capital to get in first.
But since quality ICOs are no longer accessible and token flywheels are nonexistent, they’re forced to ape into memecoins.
This is why @Colosseum backed @MetaDAOProject and @heavendex, who are both attacking this problem from different angles.
I'm glad digital slop has been stress-testing @Solana over the past year, so that real projects can launch via battle-hardened trading infra over the next year.
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