What happened to Memeland MVP is the textbook case of value dilution and liquidity shift across the NFT space. once the narrative transitioned from holding a prestige genesis NFT to token generation events ($MEME farming) and broader ecosystem products, the premium value prop of a 70 ETH asset eroded. As the macro NFT volume dried up, capital migrated from illiquid JPEG collections into pure, high velocity memecoins.
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