if there is no wind, row. | Eden
Joined November 2022
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I’ll expand on this:
The endless flood of new memecoins (especially the low-effort, bundled, or outright scam launches on places like pumpfun) has been diluting capital and attention away from the established ones.
Once admin under dem influence starts actually sending grifters to prison for those launches/rugs/p&ds, that infinite supply of new competing tokens dries up. The dilution evaporates.
That leaves the OG memecoins that already secured tier-1 exchange listings ($DOGE, $SHIB, $PEPE, $GIGA) in a much better position. With less new competition siphoning liquidity and retail flow, they get a clearer path to a much larger cycle - the “gigacycle.”
What happens to OG memecoins now that crime isn’t legal, grifters launching bundled scams go to prison and memecoin dilution evaporates?
That’s right, memecoin gigacycle
"Can't wait for the insider trading and grifting to end now that the party of economic justice is in charge. fuck the rich"
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at this point i’m pretty sure alon is a cia plant feeding goy kols to the feds
this should be confirmed in the next years
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don't forget Ansem wrote the dumbest piece of predictions in the history of these markets
ansem told everyone that jotchua was the next wif, promoted a basket of onchain solana new pairs, gaslit everyone whose community's were down bad by saying 'oh bro your meme just isn't good enough, you need to capture attention'
then he dropped them all like a stone and began bagworking his own bundled shitcoin for like 10 weeks max, earned something like 3 million dollars in fees whilst spending 0 dollars acquiring the tokens sent to him, whilst telling everyone his coin is going to literally trillions (yes trillions), and that it's going to flip pump (yes flip the billion dollar launchpad token that ansem was launched on) and calling out alon everyday to do the airdrop.
and then all of a sudden, at the same time that pumpfun starts doling out cash like it's going out of style to the most notable KOLs in the space (on the condition they become pump maxis and drop everything else) was like you know what that's fucking enough of posting 'gm bulls' with an ai generated slop picture of himself playing chess in a green tainted hellscape ima start shilling zcat on a competing launchpad.
after telling everyone that he has never been more bullish on the markets, and his diehard cuckold fans losing millions of dollars on his down only bundled shitcoin $ANSEM he then proceeds to tweet that he's incredibly bearish on the markets and proceeds to short solana with size, after telling his 1 million+ followers that 'i'm CTOing solana and getting everyone to believe in something again'
this is the most influential and followed KOL in all of crypto twitter.
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Institutional adoption is real
ZachXBT: French Bank Crédit Mutuel Arkéa Allegedly Lost Over $133M in Crypto Theft
On-chain investigator ZachXBT disclosed on November 4 that the financial institution allegedly affected by a crypto theft exceeding $133 million is Crédit Mutuel Arkéa, a French banking group with approximately $235 billion in assets. ZachXBT previously reported that an EU-based entity was suspected of losing more than $106 million from multiple centralized exchange accounts on November 1. The suspected attacker withdrew funds in USDC and USDT before swapping assets into ETH and privacy coin XMR and transferring funds across multiple blockchains.
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points are like stealth ico, you raise money from users having them doing stuff they wouldn’t do otherwise. and they don’t even get liquid tokens.
then you can use that money to buy the points on markets to pump them.
great way to raise money without giving the cash upfront.
im sad points programs got abused so much
they genuinely solve some of the hardest problems for early products: getting people to try something new, bootstrapping a community, rewarding early users, building loyalty
problem is the model only works as intended if people believe their participation will eventually be rewarded fairly and thats exactly what years of extraction have damaged
the irony is that teams abusing points today are making one of crypto most powerful growth tools less effective for everyone tomorrow
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$BTC whales added roughly 110,000 Bitcoin in a month at the sharpest rate of the year. Small wallets are buying too.
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