is $spcx a meme or rwa?
during our panel last week
@perry8888_ raised whether meme and rwa can live together
they do. most of the time you can't even tell where one ends and the other begins
@SpaceX chart looks nothing like a dcf and everything like a meme
the two values behave differently:
rwa value comes from fundamentals and sets a floor the asset can't trade below
meme value is built on the perception of individual players, which makes it pure momentum
meme value has a bad reputation, mostly earned. it's also the best marketing engine an asset will ever have
that's what most tokenization is still missing
95% of issued rwa has no volume and no tvl - perfectly wrapped, perfectly compliant, and nothing for a crypto community to bite on
a floor with no momentum just sits there
you need both