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.
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