I get what you are saying but remember that if you stake enough arena you will get a piece of all memecoins that pass the bounding stage
I guess that will cause the opposite effect and lower the selling of arena and probably increase the staking
Since would you rather own just 1 memecoin or all the meme coins that got potential? 👀
Also Arena has other utilities like staking and used like a DAO token to decide the future of The Arena, also will be a Gas token when we upgrade to a L1
Will be interesting to observe what happen