11.73
From a market structure lens, DONUT is an ultra‑microcap that lives inside a single subreddit’s economy. The token has no bridges to broader DeFi no lending pairs, no yield, no CEX listings with real volume. Its survival story is genuinely impressive compared to MOON’s collapse, but survival doesn’t create demand. The total addressable market is the r/ethtrader membership, and most of them treat DONUT like karma points. Without a mechanism to capture value from the community’s attention, the FDV will stay stuck in six‑figure territory, completely disconnected from the user base size. That’s a…
Read full review about Donut