Wall Street Traders

My take on the paper bagged wallstreet bull: People are looking at the Wall Street Bull getting paper bagged and thinking it’s just another funny crypto stunt. I think they’re missing the bigger picture here, WIF showed us exactly how powerful this type of meme propagation can be. In February 2024, the WIF community physically put the famous Wall Street Bull in a knitted hat. Videos went viral, the crypto community picked it up, and WIF went on to become a multi billion dollar memecoin. Now look at what is happening with solana:HcRLc9VDgjLeK154xDawfb1dmVJ98DoSqcwTHGqiDeJR . The community didn’t just make another “AI video or generated image” they took the defining symbol of the meme “the paper bag” and put it on one of the most recognizable financial monuments in the world. That matters because once a meme leaves CT and starts appearing in the real world, the meme itself becomes the marketing. The paper bag is becoming ZCAT’s version of the WIF hat. You can put it on a cat, a person, a statue, a meme, a brand literally anything can be paper bagged… That’s what makes a meme so powerful and easily recognizable, easily replicated and endlessly adaptable and the ZCAT community is doing a great job at doing so and also showing something else I really like: We are actual bag workers not “community” in the usual sense where everyone just replies BUY BUY BUY under an X post or shill the CA like every other token, These people are willing to spend serious money and actually go outside to make the meme exist. That is a completely different level of conviction. Then you add the ZEC narrative: $ZCAT isn’t just a cat with a paper bag… It has created a connection to Zcash through its holder rewards, giving the meme an actual financial narrative behind it. Now it has a recognizable community, a recognizable meme, a REAL WORLD community and a zcash:native narrative like you really can’t go wrong here and community is bag working in real life doesn’t that explain the real meaning of “BULLISH” to you anon? And also forgot to mention ton we might just go around paper bagging every monument and statues in different cities 🤷🏾‍♂️ That’s the kind of mentality, organic and culturally sticky behavior that makes me and other like minded traders extremely bullish. I’m also quoting this particular tweet cause it explains exactly what the holders of $ZCAT are… mentally handicapped holders that just refuse to sell even while their bags are up multiple X’s The bag stays on. The work doesn’t stop. $10

Most people at <100 days old: learning to hold their head up. Robinhood Chain at <100 days old: conducting a tokenization freight train.

Yesterday, this trader opened a long on PUMP, and I even made a post about it. Today, he closed the position with a $77 profit. The beta is getting really good. teapaw.org/WSTbyCommit/status/210…

I am an ape! #community #art #BoredApeYC

Reducing BAYC history to “holders rode 150 to 6” completely misses what BAYC did for NFTs. BAYC gave NFTs culture, identity, community and mainstream attention at a time when most people still thought NFTs were just JPEGs. It proved that an NFT could be more than art, it could be a membership, an identity, a brand and an entire ecosystem. BAYC helped create the blueprint that countless collections followed after it. It pushed the idea that holders could have commercial rights, build businesses around their NFTs, create communities and turn a collection into a real brand. It brought celebrities, brands, events, communities, IP, gaming and mainstream attention into the space. Without BAYC, the NFT space would have looked very different today and probably much smaller. The floor can go from 150 to 6 ETH. That doesn’t erase what BAYC did for NFTs.

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20 days later, here’s how these are priced: > Stonkbrokers at 2.16 ETH (down 46%) > Quotrons at 1.46 ETH (down 61%) > Pudgy Penguins at 3.25 ETH (down 12%) My key takeaway: it’s still better to hold on to legacy NFTs than chase the next shiny object… or just keep the 4 ETH 💀

Welcome to the new Wall Street.

i’m pretty bullish on NFTs making a real comeback this cycle art NFTs can have another run, but i’m more interested in how much experimentation happens around the format itself agents, ownership, new launch mechanics and different ways to connect NFTs with onchain products all open up fresh design space we’re still early in the broader onchain rotation, so i expect people to get a lot more creative with NFTs from here