Daily Memecoin Recap - December 7

AI coins are here to stay

Mistreated Bear
$honey -> hit $15 .2m, justice for honey
$honey -> hit $2 .6m, OG one
$pooh -> hit $785k , Honey's brother

Nothing
$　-> hit $176m ,

TikTok Meta
$prawn -> hit $48 .8m, pepe the king prawn
$apple -> hit $8 .7m, apple dog
#plankton -> hit $6 .9m
$justin -> hit $1 .9m, justin the tree

Elon's Son
$lilx -> hit $6 .15m,

#minidoge -> hit $5 .4m

Artificial intelligence
#ai16z -> hit $721m
$alch -> hit $115m
#griffain -> hit $100m , agents
$grift -> hit $27 .8m, created by sphereone_

$realis -> hit $23 .5m, AI world
$asym -> hit $17 .4m, somehow related to $bome
#n2 -> hit $12 .8m
#limitless -> hit $9 .6m
$qgg -> hit $7 .5m, Exploring new ways to visualize the blockchain
$outer -> hit $5 .8m
$voyage -> hit $3 .7m
$lucy -> hit $3 .6m
$mates -> hit $1 .9m

Christmas Meta
#wifmas -> hit $4 .8m
#jinglebags -> hit $1 .6m
#pnutmas -> hit $1 .2m, $pnut beta
#babygrinch -> hit $700k
#santacat -> hit $519k

Science Meta
$dna -> hit $19 .8m
$rna -> hit $4 .5m
$xna -> hit $2 .3m
#enzyme -> hit $1 .9m

More Cooks
$rizo -> hit $21m
$kwant -> hit $9 .2m
$trust -> hit $8 .4m, trust the process
$pedro -> hit $8m
$aftr -> hit $4 .5m, a fork in the road
$jim -> hit $3m
#minidoge -> hit $3m
$phrog -> hit $2 .5m
$munky -> hit $1 .6m
$moon -> hit $1 .3m
$sperm -> hit $1 .2m
$bc -> hit $1 .2m, original $btc logo
#dopamine -> hit $1 .1m
#manhunt -> hit $960k , UnitedHealthcare CEO shooter
$pepe -> hit $680k

Stop overthinking

- You only have a couple of seconds to make a decision before others find the same coin
- Trust your instincts
- Pre-determine your risk tolerance
- Be decisive

The most important aspect for a coin to perform well is if the meme/narrative is actually good

Get rid of analysis paralysis

A BBC Journalist who has been chasing Cobratate
and I around for years crying that we don’t trust the Romanian process has recently been convicted by a foreign court and ran away instead of facing justice.

Here is what this criminal had to say for himself.

The bull market isn't over. It's just beginning.

ledgerstatus & TrustlessState
explains why 👇

🚨 Grayscale launches Aave Trust, offering investors exposure to $AAVE

🚨 Visa is working on a tokenized asset platform for banks and wants to launch a first pilot project in 2025 on Ethereum.

“We believe this creates a significant opportunity for banks to issue their own trust-backed tokens on blockchains, to do so in a regulated manner, and to enable their clients to access and participate in these onchain capital markets.”

Presenting at Breakpoint 2024, FluxBeam and RugCheck founder Scott Hague unveiled a litany of new product updates to the comprehensive DeFi platform.

Hague shed more light on some new features and promising developments in scam prevention and interception on the Solana network.

DIVING DEEPER INTO FLUXBEAM INFINITY
FluxBeam Infinity introduces a multitude of competitive new features to the decentralized exchange platform. Taking the stage at Breakpoint 2024, Hague highlighted the key tools that promise to improve the terminal’s user experience, including improved speed, unified data aggregation, and advanced limit orders.

In addition to these features, FluxBeam Infinity will also implement complex automated trading tools. Users will be able to design customizable trading algorithms, drawing from both onchain and offchain events.

“Obviously, the automation is our big key thing this year, whereby we really want to allow users to come in and trade on any news, whether that's on-chain, off-chain, even the weather if you want to, but be able to take that data, make actionable insight from it and then trade automatically on-chain. Similar to algo trading in TradFi.”

As part of the new data aggregation, Fluxbeam is also implementing sentiment analysis. This essential tool helps traders accurately gauge market sentiment surrounding certain assets by tracking discussion through various forms of media.

With over a decade of experience in AI, Hague is well-equipped to ensure that Fluxbeam’s sentiment analysis won’t fall victim to artificial commentary. When asked what countermeasures Fluxbeam’s sentiment has taken to combat false commentary, Hague asserted:

“We run essentially a scoring system similar to RugCheck on every single account and say, okay, well, this is a high likelihood of being a bot or this is a high likelihood of being an influencer. Influencers obviously can't, they can to an extent fake their following base, but they can't really fake their engagement over a long period of time.”

While suggesting that analyzing social media commentary is a relatively simple affair, Hague concedes that tracking sentiment from news sites is more nuanced. Fluxbeam combats this by only pulling sentiment data from reputable sources, a strategy Hague admits “comes with its own bias”.

NEW $FLUXB DEFLATIONARY MECHANICS
The rollout of Fluxbeam Infinity is expected to coincide with new token mechanics that aim to provide value to $FLUXB , the platform’s native asset.

Fluxbeam Infinity will implement a new buyback-and-burn algorithm. The mechanism introduces a fee split to Fluxbeam Infinity’s powerful new features, with 50% of accrued platform fees being used to buy $FLUXB off the market and permanently remove tokens from circulation.

“With our new products of both the advanced limit orders and automation, all of that is actually going to have a fee split on it where we start to burn down $FLUXB . Every time there's a trade or something like that, we take a small fee, split 50-50, and then that $FLUXB will slowly start to burn down just so we can get the supply down and really start to reward our long-term holders.”

In addition to the new burn feature, Hague confirmed that Fluxbeam intends to launch a Season 2 incentives program to reward platform users.

RUGCHECK ENGAGES EXCHANGES TO INTERCEPT ONCHAIN SCAMMERS
Alongside FluxBeam, Hague has also spearheaded the development and growth of RugCheck, one of Solana’s most popular security tools. Over the past year, Solana traders have generated over 100M token reports via RugCheck, trusting the protocol’s analysis to gauge the safety of onchain assets.

Over the course of the last year, RugCheck has built up a significant database of scammer wallets and their associated CEX accounts and off-ramping pathways. Scammers often use CEX accounts to launder and obfuscate funds.

⚖️ SEC Sues 3 Individuals and 5 Companies for Pig Butchering Scam

These are the SEC's first steps toward this type of crypto scam.

Pig butchering is a type of trust-based investment scam in which fraudsters befriend victims on social media or dating apps, gain their trust, and convince them to invest large amounts of money in fictitious crypto platforms before stealing their funds and disappearing.

https://www.coindesk.com/p.../

Daily Memecoin Recap - September 16

Never a dull day in this space

Binance Unexpected Listing
$neiro -> $151m to $70 .83m (-45%)
$neiro -> $14 .9m to $180 .6m (12.1x), CTO Neiro
- After influencers were bragging about the $neiro listing, binance actually listed the OG CTO $neiro
- The market has now chosen their winner
- The one that was listed is the one that VitalikButerin
interacted with
- The influencer pushed one dumped, while the CTO one pumped +1300%

Neiro Related Coins
$neiro -> $5m to $9 .47m (1.89x), on $sol
$ginnan -> $209k to $4 .74m (22.6x), $doge 's brother, on $eth , there's another one sitting at $19m
$rintaro -> hit $1m , " $neiro 's twin brother "

Trump Spaces
$fight -> $3 .83m to $18 .57m (4.84x), on $eth
$djt -> $2 .2m to $10 .2m (4.63x), "TrumpCoin"
$fight -> $200k to $871k (4.35x), on $solworldlibertyfi

Runner Of The Week
$moodeng -> $3m to $7 .63m (2.54x), viral hippo, continues ot push

Fomo Launches A Token
$UwU -> hit $362k , good meme
- $35k + in LP Rewards
- Launched by fomomofosol
, one of the realest & most trusted in the space

Hyped Launches
$dwolf -> $2 .4m to $5 .6m (2.33x), secured exchange listings today
$mushy -> hit $4m

Moonshot
$dev -> $5 .63m to $10 .14m (1.8x),
ChartFuMonkey's coin, $556k + in LP Rewards
$luci -> $1 .31m to $4 .13m (3.15x), $121k + in LP Rewards
$jinx -> $130k to $293k (2.25x), $52k + in LP Rewards, good art
$wade -> hit $454k , good dev, random meme

More Cooks
$ball -> $183k to $1 .78m (9.73x), "Ball Up Top", viral meme
$flash -> hit $393k , cute dog, infinitely memeable
$SBCLTR -> hit $363k , "Subculture"
$larp -> hit $323k , "lame ass roleplaying posers", good ticker
$random -> hit $246k , cool concept, website generates a random image
$bwed -> hit $212k , bread meme
$zeus -> hit $210k , good art, pushed by KOLs
$fud -> hit $179k , good ticker
$wong -> hit $162k , CTO

Uptober soon?

Only Trust Yourself

All bears are suddenly bulls because we're up 3% today

When we're down 3%, they're all going to flip back to being bears

Develop your own thesis, make a plan & stick to it

Never take trades solely based on someone else's opinion

Block out the noise

🇬🇧 English Supreme Court rules that Tether's stablecoin $USDT is considered property.

“USDT attracts property rights under English law.”
"It can be searched and can be held in trust in the same way as other property."

https://www.coindesk.com/p...

Prices may be down, but Grayscale's making bull market bets if you know where to look.

These are the assets that have caught the attention of Crypto's Wall Street whisperer 👇

========================================

When Grayscale announces a new Trust for a particular asset, the market often reacts with a mix of excitement and skepticism.

It's a bit like a double-edged sword: a signal of saturation for some and a beacon of hope for others.

Some might interpret the launch as a sign that the market for that asset is reaching saturation or at least limited upside potential in crypto terms.

On the one hand, it’s a stamp of approval from a major player in the crypto space. It can lend legitimacy to the asset, potentially attracting institutional investors, and, at the very least, boost media coverage.

Grayscale has been adding new investment products at a faster clip, showcasing their conviction that we’re in the middle innings of a crypto bull market fueled by a grand slam of bullish signals: #Bitcoin ETF inflows, the long-awaited $ETH ETF launch, increasing stablecoin adoption, and steady growth in TVL across DeFi.

As a quiet giant in the industry, investors continue to watch what Grayscale is backing and what that says about their impressions of which direction the industry is headed. What assets have caught their attention lately? Let's find out. 👇

----------------------------------------------------------

Grayscale Decentralized AI Fund (FIL, NEAR, RNDR, LPT, TAO)

Grayscale Bittensor Trust (TAO)
Bittensor envisions a world where AI isn't a tool in the hands of a few corporations but a resource democratized for all. It aims to create an "Internet of AI" where everyone can contribute and benefit from AI models. $TAO incentivizes participants to contribute to the network by providing rewards for tasks like validating models and running AI computations.

As the AI race among big tech companies heats up, Grayscale believes that Bittensor offers a compelling alternative approach towards AI development, one that encourages a wider range of participants and ideas.

Grayscale SUI Trust (SUI)
$Sui boasts a novel blockchain design that prioritizes scalability and user experience. It allows for parallel processing, tackling multiple transactions simultaneously.
SuiNetwork
's competitive edge comes down to its custom-built programming language, Sui Move, which streamlines smart contract development and execution.

As the need for blockspace and faster execution in crypto increases, Grayscale believes that Sui opens the door to a new wave of decentralized applications that were previously limited by existing blockchain infrastructure.

The Grayscale Effect
Overall, the impact of a Grayscale Trust launch is highly subjective to the specific asset. By no means does it signify that the asset is destined for greatness. Take the Grayscale Decentraland Trust (MANA), for instance.

The key takeaway is that Grayscale's bullish outlook on crypto is evident in its recent product launches. They believe we're currently in a bull market and are positioning themselves accordingly.

Analysis by arjunnchand

📱❌ SpyAgent, the new threat specialized in cryptocurrency theft, seen in more than 280 Android applications...

McAfee's Mobile Research Team has discovered a new type of mobile malware that targets seed phrases by scanning your device for images that may contain them.

This Android malware cleverly disguises itself as various trustworthy applications, ranging from banking and government services to TV streaming and utility apps.

However, once installed, these fake apps secretly collect and send your text messages, contacts and all images stored on servers.

https://www.mcafee.com/blo.../

Whales are accumulating #Bitcoin at record levels over the past 17 months. Let's recall the market situation we were in 17 months ago: just a few months after the start of the bull market.

It is clear that we are facing TREMENDOUS purchase prices for the next 12 months, both in #btc and #altcoins .

If you are not able to see it now, it is because you have not been around for long, you lack training, and you trust what the brother-in-law of the neighbor on the 3rd floor or your trusted baker tells you, the typical retailer that the whales manipulate as they want, and who believes that BTC will fall to $30K .

You'll regret it in a year, save this post. I was already right in 2022 when BTC was at $20K and I announced the start of the bull market, the rest was history, and I will be right again now.

🚨 NVIDIA has been subpoenaed by the United States Department of Justice.

The U.S. Department of Justice 🇺🇸 suspects NVIDIA of violating antitrust laws, which are designed to prevent monopolies and promote fair competition in the marketplace

Solana Programs that are Verified has been put into a directory, a public dashboard for trusted and verified Solana programs.

AUSTRALIA’S ’s BITCOIN ETF HITS MILESTONE WITH 125 BTC ACCUMULATION

Australia’s pioneering Monochrome Bitcoin ETF continues to make waves in the financial world by consistently accumulating Bitcoin, now holding 125 BTC as of the latest update. This achievement underscores the trust and optimism investors place in cryptocurrency, particularly Bitcoin, within regulated financial products.

As the first Australian ETF that directly holds Bitcoin, the Monochrome Bitcoin ETF offers an accessible way for investors to gain exposure to Bitcoin’s potential in Australian Dollars, without the complexities of direct cryptocurrency ownership. The ETF’s assets under management (AUM) have impressively grown, reflecting the rising investor confidence and the ongoing integration of cryptocurrencies into mainstream investment portfolios.

This marks a significant step forward in bridging traditional finance with the innovative world of digital assets.

🚨 Judge dismisses complaint accusing Elon Musk and Tesla of manipulation and 'pump & dump' on DOGE.

"No reasonable investor could trust [Musk's tweets]."

Good morning, world! ☀️ Embrace the process and trust the journey. Each day is another brick in your masterpiece. Let’s build with purpose. ✌️🧱

linktr.ee/temisolana

Holding an open discussion on 𝕏, BitGo’s Mike Belshe joined Justin Sun and original WBTC contributor Meow to address concerns about WBTC custody changes.

Earlier this week, BitGo announced changes to WBTC’s existing custody model that included distributing influence across several parties and geographic jurisdictions.

The move drew a wrath of criticism from the cryptocurrency community, notably due to the involvement of Tron founder Justin Sun.

Seeking to clear the air, Jupiter co-founder and original WBTC contributor Meow welcomed BitGO CEO Mike Belshe, Justin Sun, and BitGlobal representatives to a public forum to shed some light on the situation.

MIKE BELSHE PUTS BTC USAGE CONCERNS TO REST
One of the key concerns outlined by the crypto community following BitGo’s original announcement was what the Bitcoin used to back WBTC would be used for. Acting as a voice for the crypto community at large, Meow posed the question of BTC utilization to BitGo CEO Mike Belshe.

Assuring over 5,000 captivated listeners, Belshe put their nervous minds to rest, highlighting that “when you put [Bitcoin] inside of a trust company you’ve got it wrapped in a mechanism which has got a fiduciary responsibility in a very legal way.”

Reinforcing his statement with additional context, Belshe acknowledged that people’s “number one question” was that “the bitcoin behind [WBTC] is not gonna get hypothecated, rehypothecated, lent out, used, taken, put somewhere else.”

Highlighting the legal constraints of BitGo’s position, Belshe assured listeners “The regulatory construct that we have makes it so that it’s actually illegal to do that.”

A TRANSFER OF TRUST?
Part of the BitGo X GitGlobal collaboration means that multi-signature keys with access to custodied assets will be distributed across several companies. While on paper this aids in decentralization and security, Meow and the community raised concerns regarding the involvement of BitGlobal, a relatively new and unknown entity in the space.

By transfering ownership of keys, Meow theorized that the “transfer of trust will take a long time” arguing it could be “quite a hard pill for the community to swallow”.

Responding to Meow’s claims, Belshe asserted “BitGo is not asking you to take the same trust that you had in BitGo and just give it to somebody else.”

Hammering his point home, Belshe contended that decentralization remains one of the strongest security measures available. Posing the rhetoric, Belshe asked “Is it more secure to have the two parties, or is it more secure to have BitGo hold two keys?”

THE JUSTIN SUN FACTOR
The announcement of Justin Sun’s involvement in the arrangement has been one of the collaboration’s biggest items of contention. Some long-standing crypto protocols like MakerDAO have argued that Justin Sun’s involvement adds an “unacceptable level of risk” to WBTC, proposing to reduce their WBTC exposure to 0.

Justin Sun’s commentary during the forum was admittedly brief. Downplaying his role and involvement, the controversial figure noted “the protocol, how to mint, how to burn and also the transparency and all the procedures remain the same.”

Adding further clarity, Sun contended “other than some of the keys being moved out of the U.S., I don’t really think there is much difference.”

Beyond assuring listeners that nothing had changed, Sun revealed his vision for the future of WBTC. Positing that “not everything we do is purely to make money” Sun believes the team should focus on expanding WBTC market cap, TVL, and helping the asset establish a presence of more blockchains.

Chaos Labs has raised $55M in a Series A round led by Haun Ventures, with participation PayPal and others. Chaos Labs focuses on enhancing risk, security, and incentive strategies to drive trust and transparency in decentralized finance.

AVAX chads rise up! 🔺

Have you been taking advantage of #Avalanche on Maestro??

Enjoy trading on #AVAX at its finest. Smarter and smoother trades for even bigger scores.

With support for the trusted TraderJoe_xyz

What will you be buying?

🚨 As of June 30, Goldman Sachs held:

🔹️ 6,991,248 shares of iShares Bitcoin Trust ($239 million).

🔹️ 1,516,302 shares of Fidelity Wise Origin Bitcoin ($79.55 million).

🔹️ 940,443 shares of Invesco Galaxy Bitcoin ETF ($56.19 million).

🔹️ 660,183 shares of Grayscale Bitcoin Trust ($35.15 million).

https://x.com/wublockchain...

According to ArkhamIntel $3 .1B BTC moved by Mt. Gox Last night 33.96K BTC ($2.25B) to addresses are most likely BitGo.

BitGo is the 5th and final custodian working with the Mt. Gox Trustee to return funds to creditors.

After these transfers, Mt. Gox now holds 46.16K BTC ($3.06B).

GREENPUMP INTEGRATION

Meet the ultimate instant launchpad. GreenPump by $PIRB is a new token #launchpad designed for safe and enjoyable #crypto apes.

Trust in secure contracts, with zero risk of liquidity pool rug pulls.

Discover a new way to launch #EVM #tokens on #Telegram and ape them directly through https://t.me/Maestro

See what a TG-based launchpad can do! #GreenPump makes token launches easier than web-based #pumpfun . Launch now on $BASE , #BSC and $ETH !

Launch your token:
👉 https://t.me/GreenPumpBot

Learn more in the GreenPump Guide:
👉 https://t.me/GreenPumpGuid...

🚨 Trust Wallet announces partnership with TON.

“Trust Wallet and TON join forces”

“We are working with the TON team to make the TON & Telegram ecosystem even more accessible to all TrustWallet users!”

https://x.com/trustwallet/...

Breaking new all-time highs in TVL every month this year, Solana LSTs (Liquid Staking Tokens) have established themselves as one of the fundamental pillars of the ecosystem.

Yet, despite its growing popularity and the wealth of benefits, only 6.4% of all staked SOL is liquid staked, suggesting plenty of Solana users still have some lingering questions about LSTs.

What is liquid staking on Solana? How do Solana LSTs work and why should Solana users consider leveraging LSTs to optimize their DeFi strategies?

With one of Solana's longest-standing protocols launching liquid staking services, there's never been a better time to refresh your knowledge.

What is Liquid Staking MEV?
MEV, or Maximum Extractable Value, is an umbrella term that covers a range of profit-generation strategies and arbitrage opportunities that occur within block production.

For example, by rearranging the order of transactions within a processing queue, MEV tools can profit from mismatched prices in liquidity pools across different DEXes. Some Liquid Staking providers, like Jito, eliminate MEV spam transactions and pass these rewards on to stakers, effectively boosting their staking rewards.

To date, Jito has captured over 31,000 SOL in MEV fees, sharing a percentage of these fees with over 100,000 active accounts who liquid stake their SOL tokens through the Jito protocol.

What are the Benefits of Liquid Staking?
Liquid staking has become a key component of Solana’s DeFi landscape, and for good reason. Here’s why:

1. Earn staking rewards without locking SOL - Solana LSTs make it possible to continue earning generous staking rewards, without losing immediate access to your staked assets.

2. Expanded liquidity and DeFi strategies - Users can leverage their LSTs to capitalize on DeFi yield generation strategies, while still earning staking rewards.

3. Contribute to Solana’s security and decentralization - By liquid staking SOL tokens, users help to further decentralize and secure the Solana network by delegating SOL across a variety of validators.

What are the risks of liquid Staking?
While there are plenty of reasons to use liquid staking on Solana, it’s not without its flaws. Some of the risks associated with Solana LSTs include:

Smart contract risk - LST protocols rely on smart contracts to operate. If any of these contracts is exploited by a malicious actor, stakers could be a
risk of losing their funds.

LST price depeg - Despite typically maintaining their pegged value, LST tokens on other blockchains have fallen victim to temporary price depegs in the past. This could be problematic during black swan events or periods of market turmoil.

Where Can I Liquid Stake my SOL Tokens?
Now that you’ve got a better understanding of how liquid staking on Solana works, let’s recap some of the most reliable and trustworthy liquid staking providers in the market

ANNOUNCING STEPSOL - POWERED BY STEP FINANCE & SANCTUM

STEPSOL
Entering Solana's flourishing LST landscape for the first time, Step Finance is one of the oldest Solana applications in the ecosystem. Doubling as an intuitive portfolio dashboard and a comprehensive DeFi and NFT analytics platform, Step recently expanded its extensive product offering to include its LST, stepSOL.

On top of earning generous APY, stepSOL holders are also eligible to earn additional STEP Reward Options, which are claimable every five days via the Step Finance dashboard. Stakers who've already delegated their SOL to the Step Validator can head to Sanctum's Stake Accounts page and convert their stake account to stepSOL.

What's more, Step Finance has partnered with Meteora and will be offering incentivized rewards through the following pools:
•STEP/stepSOL

•xSTEP/stepSOL

•stepSOL/edgeSOL

deBridge, one of DeFi’s most trusted and liquid cross-chain bridge platforms, has finally announced the completion of its inaugural season of rewards.

The protocol confirmed the Season 1 rewards snapshot was taken at 21:00 UTC, July 23rd, with any user points accrued following the snapshot being directed to their Season 2 allocations.

Onboarding new users into the crypto space has also been complicated. A mixture of confusing technology and unnecessarily complicated jargon repels newbies from diving into the Web3 world.

Moonshot, a new mobile app, aims to simplify the entire process. Abstracting away any mention of blockchain technology, Moonshot gives people what they want - quick, simple access to Solana’s meme coin markets.

WHAT IS MOONSHOT?
Moonshot is a simple iOS mobile application that allows users to buy Solana-based meme coins using trusted payment methods. Powered by MoonPay, Moonshot users can fund their accounts directly using Apple Pay, PayPal, and Google Pay, as well as their credit and debit cards.

https://t.co/Pfx4g1HMPv

You trust this guy when he says RealCandaceO is a sellout?