crypto

TIL there are 10K memecoins launched on Solana *every day*.

I’m not sure I shed that many skin cells every day.

building /gmfarcaster network |
blockchain ENT prof |  ⌐◧-◧ Nouncillor, Nouner, BuilderDAO community resident /builder

Not sure if he’s a founder — don’t think so —the dude who launches celebrity tokens and rugs 5 days later cuz he’s holding 90% of supply

Are you referring to the founder of Gumroad?

And about 9,998 are rugged by Sahil on day 5

23k memecoins were launched in the last 24h on pump dot fun

23k memecoins were launched in the last 24h on pump dot fun 
https://dune.com/adam_tehc/pumpfun

Sounds like a waste of energy / block space

casino gambler mindset of solana users is a paradise for scammers.. 
builder mindset of ethereum users is a paradise for builders..
they know their audience and their audience does not know so much 😅

Low transaction fees.

Low friction

Heaps of scams…

Serial launch teams.

and needles in the haystacks.

I watched pump.fun in its hay day and I believe it (turn on animations to get a taste)

Memecoin accelerationism. 

Murad was right.

Eh. Thats a lot. Bot meme coin launchers? Are the bots playing a numbers game?

Artificial Intelligence (AI)

Terminal of Truth, a jail-free AI agent did NOT create $GOAT memecoin crypto X is crazy about 

It is also not true, that ToT used $50K invested by Andreessen Horowitz (a16z) and turned it into a $150m market cap crypto

below is the exact moment $GOAT was created on Oct 10

as you can see ToT, a religion-obsessed AI, is talking about "Goatseus Maximus" which will be "manifested into existence", but the coin itself was created on SOL by a separate anonymous human X account

then ToT's human creator Andy Ayrey and crypto degens started investing in coin and baited ToT into shilling it on Discord and X, also spreading the Horowitz legend (it looks like the Horowitz grant has nothing to do with the $GOAT creation and valuation, except for that legend)

so again: $GOAT is the first incredibly successful AI-inspired and AI-shilled crypto, but not the first AI-created crypto

more details: https://finance.yahoo.com/news/crypto-degens-baited-experimental-ai-151703512.html

and still, not a single one was AI-created

and still, not a single one was AI-created

https://warpcast.com/assayer/0xecc63cb0

and the platform revenue https://www.theblock.co/data/decentralized-finance/dex-non-custodial/pump-fun-revenue-daily

Evidently phantom roulette is the only true delta neutral hedge. 🎰

https://media.tenor.com/8CPvdgIHcZ4AAAAC/rookie-numbers

Reading the tea leaves…$DWR dropping soon