Memes should be the only utility of memecoins.
I'll never understand utility being added to successful memecoins "okay so our coin ran to billions on memetic power alone, is doing good and has engrained itself as a blue-chip meme. time to change things and add utility to it" complete and utter retardation best case scenario? your utility works [utility in crypto, lol, lmao even] and chart goes up with the rest of the market - however it would've gone up anyway because you had a successful memetic power behind it. the difference is likely negligible, if not straight up negative worst case scenario? you under-deliver on utility, your coin goes go zero, memetic power is lost in the sauce and you just ruined something good let memes be memes. don't tie personalities to them [eg. Musk to Doge, Unipcs to Bonk, Murad to SPX] and don't add utility to it in bear markets/risk-off/drawdowns, your coin will go down 99% - utility added or not - influencers added or not - 99% drawdown is a guarantee, along with every other coin bearish on 'utility' memes. bearish on memes tied to 'influential' people buy PEPE instead. it's a frog. it jumps. that's fucking it.
Show original
5.31K
6
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.