$VEGAS was a 60% community-airdropped meme token, and CoinGecko still has it around $350K FDV with barely a few thousand dollars of 24h volume. A fresh token around the June 3 snapshot can give Vegas cleaner economics for poker, casino, and prediction markets on HyperEVM, but the cap table matters more than the IP deck now. Licensed content pulls attention; recurring rake, prize-pool liquidity, and OG-holder treatment decide whether this becomes GambleFi infrastructure or a prettier migration trade.

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