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- Technical memecoin sandwich for your hump day šŖ
Technical memecoin sandwich for your hump day šŖ
Bonus: Technical roundup + Vitalik jumps into memecoins
GM Builders. š§
Welcome back to the BW3 newsletter! Bringing you an update on all the chaos over the last couple days š
Hereās the line up:
Memecoin mania š
Technical spotlight š”
Memecoins by the numbers š¤£
Meme City š
MEMECOIN MANIA š
Lookā¦ Iām not writing this because I stayed up till 4am last night in the trenches with @Rasmr. Iām talking about this because we appear to be in the thick of a āmemecoin supercycleā so they sayā¦
The normies are piling in. Phantom and Coinbase are rising up the App Store ā¢ļø charts. Moonshot makes it as easy as buying a napkin.
Mama we made it! or did we???
Is the memecoin tiktok meta the sign of a cycle top OR is it different this time around?
Either way, you should be keeping in the loop!
Check out this compilation of tweets summarizing the last few days in CT and beyond.
The Quant kid was taught a lesson about CTO, Doxxing and soon to be the SEC:
This kid rugged a coin for $30k
They doxed him and found his school
And sent the coin $QUANT to $35M market cap so his original coins would have been worth over $1M š³
ā Gordon (@AltcoinGordon)
6:03 AM ā¢ Nov 20, 2024
Vitalik joined in on the funā¦ but remember āpast performance is not indicative of future resultsā
I dont mean to alarm you but the last time vitalk bought a memecoin on his wallet was nov 3rd, 2021
ā vydamo (@vydamo_)
2:31 AM ā¢ Nov 21, 2024
The overall vibe šļø
The new meta is to find sacrificial lambs to commit blatant crime on live stream, front run their pump and dump schemes, and milk it as long as you can before they go to prison
ā Cirrus (@CirrusNFT)
9:10 PM ā¢ Nov 20, 2024
TECHNICAL SPOTLIGHT š”
Look, I know you builders are craving some technical alphaā¦
Even though I (me the ghostwriter not Jax) hail from the land of the pleebs and home of the normies, I took Jaxās advice and am trying to sauce you up some more technical content.
This segment idea came from the inspiration of a recent Meltemās post on X. If you arenāt familiar with her gameā¦ you should be. She is one of the OG female voices in the space.
She dropped this gem yesterday:
1/ finally ripped an infrastructure finance primer - "Making Sense of DePIN Nonsense: Part 1"
check it out on our @CrucibleVC substack
a few quick nuggets below - h/t @mochi_nyc and @itsanhonour_ for the assist
ā Meltem Demirors (@Melt_Dem)
9:49 PM ā¢ Nov 19, 2024
Hereās what you can expect when you click through to read it šļø
What the DePIN?!
Ever wonder why some crypto projects feel like theyāre just strapping sensors to poles to print magical internet money? Thatās the wild world of DePINāDecentralized Physical Infrastructure Networks. But beneath the chaos, thereās a $100 trillion opportunity brewing, and Crucibleās new piece dives into it.
This "Practical Primer" lays out how infrastructure financeātraditionally dominated by government-backed mega-projectsācould evolve when merged with tokens, blockchain, and decentralized governance. Think power plants, data centers, and telco networks owned and operated by global communities instead of corporations or governments.
But DePIN isnāt just about strapping hardware to poles. The article explores how traditional financial models like CAPM and WACC could be reimagined for cryptoās unique volatility and funding challenges. From tax shields and stable cash flows to the disconnect between meme coins and serious CapEx, this primer pulls no punches.
The team doesnāt sugarcoat the hurdlesāvolatility, regulatory uncertainty, and tokenomics built for hype rather than sustainabilityābut they lay the groundwork for solving these puzzles. Could DePIN be the next big thing, blending public infrastructure with private innovation?
If youāre curious about turning āmagic internet moneyā into the backbone of future infrastructure, this piece is worth your time. Buckle upāthis oneās got big ideas and plenty of DePIN drama.
MEMECOINS BY THE NUMBERS š¤£
Check āer out šļø
A REMINDER THAT:
ā¢ 60% of all memecoin traders lost money trading memecoins.
ā¢ 4.7% made no money.
ā¢ 24% made less than $100.
ā¢ 11.2% made more than $100.
ā¢ 3% made more than $1,000.
ā¢ 0.5% made more than $10,000.
ā¢ People who have made more than $10K can barelyā¦ x.com/i/web/status/1ā¦
ā Kermit šø (@crypto__kermit)
12:37 PM ā¢ Nov 19, 2024
MEME CITY (all naiive edition) šļø
2023 BTC at 30K, ETH 2500, Solana 50
2024 BTC at 90K, ETH 2500, Solana 250
is ETH retarted or something ?
ā naiive (@naiivememe)
2:02 AM ā¢ Nov 20, 2024
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Until Next Time Builders! šļø
Keep your head high and tail low š¶
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