Early $MEGA price action suggests that building for the degen crowd doesn’t work.

Sad.

The narrative has shifted from retail degens to institutions. Degens are rekt, bearish, or unwilling to deploy capital.

The only degen retail narratives showing strength are privacy and pre-IPO perps but even those are related to institutional adoption.

Things can still turn around but degens must feel they can EARN money on MegaETH. Haven't seen viral rags to riches stories yet.

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