sksanook retweeted
At @krakenfx , we know every coin has a story. For $MIM @mimcoinbtc, that story is about reviving one of the most iconic memes in crypto history: Magic Internet Money.
In 2013, a subreddit moderator named theymos opened a thread asking for ideas for a Reddit ad for r/bitcoin. Within an hour, @mavensbot sketched a wizard holding a Bitcoin staff with the words “Magic Internet Money.” The community loved it.
A few months later, the ad went live. The Bitcoin Wizard became more than a drawing, it became the mascot of a movement. The ad was Reddit’s most successful ever, helping propel Bitcoin’s rise from $27 to $1,132 and growing r/bitcoin from 10,000 to 100,000 members by 2014.
The phrase “Magic Internet Money” captured the mood of the time. It was playful and strange, yet it perfectly expressed the mystery and excitement of Bitcoin’s early days. Over the years, the Wizard grew into a cultural symbol, reminding us that crypto is built as much on imagination and community as it is on technology.
A decade later, @mavensbot returned to his legendary creation. This time, it was not just drawn, it was minted into a token: $MIM.
$MIM had a fair launch as a BRC20 token in March 2023, migrated to the Runes standard in April 2024, and permanently closed migration in April 2025, with all non migrated supply sent to Satoshi’s wallet. The supply is 100 percent circulating, with no team allocations, no centralized vesting, and no hidden unlocks.
The $MIM ticker is a direct tribute to the original “Magic Internet Money” slogan. It represents Bitcoin culture, history, and provenance, immortalized on chain by its original artist. Supporting $MIM is about more than trading, it is about recognizing and preserving the lore that shaped this industry.
At Kraken, we understand the importance of Bitcoin tokenomics and the role memecoins and the on chain Bitcoin economy play in the network’s long term sustainability. That is why we back communities for the long term, supporting both their culture and their future.
This is one of the reasons we listed $MIM Magic Internet Money, to help revive and carry forward a piece of Bitcoin history. From a Reddit ad to a global meme, and now to a token on the Bitcoin blockchain, this is how crypto’s story lives on.
With $MIM, the Wizard’s magic continues. And with our support and the communities, so does the story of Magic Internet Money. The Bitcoin on chain economy revolution has only just begun.
sksanook retweeted
The wizards have arrived 🧙♂️ ✨
$MIM @mimcoinbtc is live ⤵️
p.k.xyz/9f1e/9dkcnjj8
*Geographic restrictions apply
sksanook retweeted
it feels good to see Coinbase and Elon Musk memeing Magic Internet Money today
i'm still holding 100% of my Magic Internet Money / $MIM and other $BTC memecoins
i was very vocal about BTC memecoins last year, and i haven’t sold a single BTC memecoin even now
i'm hopeful that they get their time to shine eventually
PS: Magic Internet Money used to be under the $WZRD ticker before their migration to $MIM
BTC memecoins could be the easiest 50 to 100x opportunity in all of crypto. here's why...
let's do some quick mathematics:
- $ETH memecoins market cap: $20 billion+
- $SOL memecoins market cap: $9 billion+
- $DOGE market cap: $16 billion
- how about $BTC memecoins market cap? a measly $2 billion!
on the other hand:
- $BTC market cap: $1.23 trillion
- $ETH market cap: $291 billion
- $SOL market cap: $68 billion
in other words:
- Solana memecoins = 13% of the SOL market cap
- Ethereum memecoins = 7% of the ETH market cap
- Bitcoin memecoins = 0.16% of the BTC market cap
BTC memecoins are one of the most asymmetric bets in all of crypto right now... and it's not even close!
of course, you will have copers and midcurvers saying:
'...but the Bitcoin chain is so slow and no one will be buying memecoins on it'
to which i have the following responses:
1. did the slowness of the Bitcoin chain prevent BTC itself from getting adoption?
2. have you seen anyone trading Dogecoin on its own blockchain? how come that single cryptocurrency has a market valuation of $16 billion (i.e. 8x the valuation of ALL memecoins in the Bitcoin eco combined)
at the end of the day, it's all about the narrative
top CEXs will soon start listing BTC eco memecoins, and then they will get turbo bids from retail and BTC purists with a lot of capital lying around who would not touch anything outside of the BTC eco with a 10 foot pole
but by that time it would cost several more Xs than it does right now to buy them
your way to generational wealth is to frontrun them before CEXs make it easy to buy these BTC memecoins
'so bonk guy, what BTC memecoins are you bidding?'
i'll keep it simple:
- $WIZARD
- $PUPS
- @WaddlePenguRune
- $BDC
ofc i know there are many more BTC memecoins with strong communities, so feel free to shill yours in the comments
you never know, i just might buy your coin and become one of its biggest advocates!
sksanook retweeted
🚨 CLARIFICATION 🚨
WE ARE THE OFFICIAL $MIM MAGIC•INTERNET MONEY COIN
ORIGINALLY ETCHED ON BITCOIN BY @MAVENSBOT, THE LEGENDARY CREATOR OF THE BITCOIN WIZARD MEME
NOT SOME FLY-BY-NIGHT SOL PUMP/FARM GARBAGE
CA:
M1M6sdffCs3ozzhpRveweRCWdZhxth4mvVujPtYEC3h
sksanook retweeted
🚨 Breaking: The founder of Dogecoin has just joined the Bitcoin Wizard.
He once said the iconic Bitcoin Wizard meme was part of what inspired him to create DOGE.
It won’t be long before people realize the historical significance of $MIM — Magic Internet Money.
We’re witnessing meme history being written in real time 🧙♂️📜
sksanook retweeted
And here we go again—four brand new wallets, all funded today, each address buying exactly four floor Taproot Wizard.
Totally organic, right? Just another beautiful day in the land of decentralized magic 🤡
Funny how these "coincidences" keep happening. No history, no prior activity, just perfectly timed buys to prop up the floor.
bc1pqc4slrw5kwa2t55g3lkkvxl5yv0fj993g605rg8utukv82ttv64syarn7u
bc1p77vjcv5ytjgkm2g2j9s5296tqr9jtrvs2ky89rhqgzuxwlr0ml6sf3llhm
bc1pn4fmj9v99s6vs5e55lr0uhdtyxp9lgc0yp946nn07ug7ppn7zj2s307tgq
bc1pv6elclfc6fjsduyrh7hypct6smzelvnluagfy4almm36e2jnmqhqx24leq
Is it just me, or does Taproot Wizards' volume look hella fake?
Out of nowhere, the volume spikes over 10 BTC volume, while the entire Ordinals market barely scrapes 1 BTC. Even the top Runes with real liquidity rarely see 5 BTC volume on-chain.
The rest of the time? Dead. Zero volume. Flatline.
Feels like the whole supply is still sitting in the team’s cold wallet. Their so-called whitelist sale? Zero transparency. Closed doors, insider games.
Let’s be real—if someone actually digs deep on-chain, we’re gonna find some nasty stuff behind this project. Wouldn’t be surprised if “Jewdi” (aka Udi) is pumping this with VC money while dumping on retail. The guy went from pretending to be a Bitcoin purist to becoming a full-time war-shilling NFT scammer.
sksanook retweeted
The biggest grift in Bitcoin community right now
The biggest grift in Bitcoin right now — it’s @udiWertheimer hijacking the original Bitcoin Wizard meme, something he didn’t create, and turning it into a VC-backed NFT cash machine.
The Bitcoin Wizard was born in 2013 on /r/bitcoin — a simple, MS Paint-style meme drawn by community artist @mavensbot , captioned “Magic Internet Money.” It had no roadmap, no monetization — just pure, viral energy that captured the early Bitcoin ethos: freedom, fun, and decentralization. Udi wasn’t involved in its creation. But he saw a chance to capitalize.
Fast forward to today, and we get “Taproot Wizards” — a 2,100-supply NFT collection on Bitcoin Ordinals, backed by $7.5M in venture capital from firms like Standard Crypto and StarkWare. The project claims to be “reviving Bitcoin culture,” but the truth is simpler: it’s a carefully packaged product designed to extract value from the bitcoin community that gave the wizard life.
The strategy is textbook: take a nostalgic meme, slap a sleek new name on it, gate access behind insider whitelists, and call it “culture.” But this isn’t art — it’s a brand rollout with an exit plan. Worse, it’s built on a lie: Udi used to openly mock ETH NFTs calling JPEG “blockchain vandalism.” Now that the market’s hot, he’s inscribing JPEGs himself — and raising 750 BTC in the process.
So let’s be clear: Udi didn’t create the Bitcoin Wizard. He just figured out how to sell it back to the community — and a lot of people bought in.
Ask yourself:
Who really benefits from Taproot Wizards?
The Bitcoin network?
The original artist?
The culture?
Or the guy selling nostalgia as a VC-funded product?
This isn’t about making Bitcoin magical again.
It’s about milking Bitcoin’s culture for personal gain.
Don’t get it twisted.
sksanook retweeted
Submissions for the 10K Bitcoin Wizard collection are heating up
Perfect time to ride the momentum and fill the timeline with Wizard power
➱ Pick a "Maven Approved" Wizard:
bitcoinwizards.vercel.app/su…
➱ Set it as your PFP
➱ Tag a few friends to join us
₿e part of the movement!
sksanook retweeted
i've gotten a few messages recently from whales interested in buying magic internet money OTC
i'm talking $1 million to $5 million+ in size
there's so much sidelined capital waiting to shove size into magic internet money at the slightest sign of the market turning full risk-on again
many are underestimating how high magic internet money could go on this run-up, IMO
