Listings on Tier1 exchanges are broken:
Memecoins get listed because their high volatility and trading volumes generate more fees compared to the low volatility of utility tokens.
This is net negative for the space as attention and money are being siphoned from funding teams
Btw, not going to be surprised if Coinbase lists "base is for everyone" token.
They are really trying hard to push the narrative and Zora as a platform (and Farcaster).
They need success cases for the trend to pick up. Listing could help.
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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