Spoiler alert: it's $SPICE on Cosmos.

A mid-curve pick?

I share Stephen's memecoin thesis, though:

• Memecoins are fun ponzis

• They bring new users onchain and teach DeFi

Key missing point is that new users are not flocking to Cosmos. Even crypto natives are leaving the eco.

I understand the thinking. If new users suddenly flock to Cosmos, it will win.

But it's a bet on the ecosystem growth.

A year ago, I believed Solana EVM would be a thing. I bought a bunch of memecoins on @Neon_EVM expecting a retail crowd to arrive but they never did.

Similarly, I hold $BROTHER on Starknet, and multiple Runes on BTC for a new retail wave.

Will it pay off? It's a tempting bet with asymmetrical returns.

But currently all degens are on Solana and Base.

Unlike Cosmos, onboarding to both is straightforward and they have a large degen crowd.

Like my gf is trading on Phantom but Cosmos is an unknown territory for her.

Overall, it's a bet. Might pay off but retail is not scanning Dex Tools for Cosmos eco just yet.

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