$W launched fast. People aped. Snipers sniped. $L was born.
What started as a memecoin moment turned into a community lesson.
Here’s a fair breakdown of what happened with $W—pre-coin, the hype, the losses, and how $L became the response.
No slander. Just the story.
Enjoy 👇

1.
$W was a memecoin launched on Base, riding the wave of the Farcaster platform’s rising energy and a fresh rebrand.
It was promoted as a community moment—a chance to lean into vibes, memes, and crypto-native fun.
But the way it launched tells a deeper story.👇

Elevating onchain creators 

@nodefoundation @brightmoments 
@ampsfun

cto @ bwl.gg, 100M+ users (bdut.ch) 🙏 $eggs is life

before heaven and earth there was precoin.fun

2.
@phil  is a respected voice in the Farcaster ecosystem. When he casts, people listen.
@farcasteradmin.eth  was involved in launching $W, using the @precoin  platform—a tool for raising ETH ahead of a token’s launch.
The pre-coin model helped bootstrap interest, but also set the stage for problems.👇

3. 
Pre-coin is a way to raise ETH before a token launches. Users send ETH to a project in exchange for an allocation of tokens once they go live.
In $W’s case, it felt like a community-backed initiative—casual, memetic, not overly financialized. But real ETH was on the line.

borodutch

we're at $34,000 liquidity at precoin.fun/itchy/phil that will go into market-buying whatever clanker @phil launches

reminder: as soon as he launches a clanker (and it looks like it's gonna be epic), all liquidity from the precoin is used to market-buy his clanker, then the resulting purchase is proportionally distributed to the precoin holders

let's make history

4.
@phil  casted early and confidently about $W. His enthusiasm gave the project legitimacy and kicked off a wave of excitement.
People saw it as part of Farcaster’s culture shift—something to participate in, not just speculate on.

5.
@phil  pushed the pre-coin idea directly to Farcaster users. The pitch was playful, minimal, and framed around community fun.
https://farcaster.xyz/phil/0xeb70c8b6

This strategy worked. A significant amount of ETH flowed in pre-launch.

6.
When $W launched, bots and snipers hit immediately. Many pre-coin buyers didn’t get the upside they were hoping for.
Some saw their allocations dumped on, as the token pumped and dumped within minutes of launch.
https://farcaster.xyz/df/0x47b76853

4.
@phil  casted early and confidently about $W. His enthusiasm gave the project legitimacy and kicked off a wave of excitement.
People saw it as part of Farcaster’s culture shift—something to participate in, not just speculate on.
https://farcaster.xyz/farcasteradmin.eth/0xcf9ae26f

Ow! Really? Would probably be from your end.

Is it me, or the Illuminati is trying hard to stop us from reading this thread? Had to click on show replies several times, and now stuck on 7) with a blank page.