Buckle Up!
GM rebels,
Hope you’ve buckled up already, since it feels like we are seeing all the symptoms and effects of the bull run.
Let’s take a look at just a few of those that happened recently.
Absurd amount paid for an NFT for example…
For those of you who have not heard of it: here is Achi.
In crypto it became a famous dog wif hat that became $WIF - a memecoin on Solana. Dog’s photo was minted on Foundation as 1/1 NFT with the reserve price of 5ETH for the auction. Eventually the piece was sold for 1,210.759 ETH. With today’s price it’s around $4.3 million!
Not sure what was the logic of minting one of the photo of the dog that became most well-known Solana memecoin on Ethereum… but oh well…
Pre-sales
Sending crypto to random anon’s wallet is a thing again.
It may sound crazy but that’s how the pre-sale works these days. All you gotta do is post the wallet address. If during ICO times people bothered putting together a website, writing up a whitepaper, rolling out a telegram channel - no one has the time and desire for that stuff anymore.
And since it works and degens don’t mind at all - why bother, right? Crazy - I know!
Big - I mean BIG mistake
Now imagine that you saw a sloth on the block and his wallet addy - and did what every true degen does - sent him SOL for the presale of $SLERF tokens …
And then imagine him tweeting this:
And now imagine the scale of the mistake - around $10 million worth of tokens…
This itself is worth a separate story - specifically following the community reactions and the aftermath. But I had no time to unwrap it - so feel free to look into it if interested.
In bull we will have more crazy stories, more greed, more stupidity, more things that can’t be explained with logic and a lot of drama. More scams, more manipulations on the social layer and more cults. A lot of money…. made and lost too… So I hope you know what you’re doing.
Podcast
I wanna end this issue on a positive note, which is why I left this for last.
On Non-Fungible Rebel podcast I spoke to VESA last week. He’s a digital artist and a true OG in the space. He has deep understanding of the space but also the courage to dive into intense artistic experiences and experiments.
Well I guess that was all for now.
The weekend is around the corner. So have a good one rebels!