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I’ve done just about everything I could do in crypto after doing just about everything I could do on the internet.
- bought and used bitcoin
- mined pow coins
- bought and used dogecoin
- bought and used ethereum (DeFi, NFTs)
- played on dozens of L1’s and eth L2’s
- worked for a DAO
- participated in a seed round
- went to crypto events
- helped PM a dapp
- traded shitters on CEXes and onchain
- stayed in communities on discord, twitter, telegram, 4chan, youtube, reddit, etc.
Nothing, and I mean nothing, has made more sense to me over these years than the rise of the current meme/culture coins. And that term is even a misnomer, I would rather call these “tokenized communities”, “tokenized image boards” or "counterculture coins".
There’s probably only a handful of them at the moment that are building the blueprint of future community building in crypto, and most of you are too blind to see it.
All I can say is that there is more than meets the meme. In essence, we are starting to see communities embody the meme or what the meme represents, tokenizing around it, and looking to be the ambassadors to the turn a loveable message into an evergreen movement.
A powerful meme is one that shares the collective experience of those who interact with it. They are a representative of a mood, a reaction, a vibe, a hobby, commentary to current events or even sometimes a movement. They bring like minded people in to band around a message and proliferate it through art, communication, engagement, cooperation, belief, and if the message is really powerful, love….or hate.
For most of these “memecoins” that are 6-18 months old and still alive and active, it’s better to view them to be the subreddits of the crypto space, representing the front page of what’s going on in crypto (if they can muster enough attention).
These “memes” are full of people that have been beaten and bruised enough from vaporware that they would rather throw their money into a group of meme makers and twitter shitposters than at VCs and CEXes. Yet no one is waking up to these internal financial protests within crypto.
These communities aren’t filled with noobs. Most of the top holders and contributors are multicycle survivors, people who know how to believe but don’t know how to sell (to a fault).
They have now found themselves at the bottom of the onchain trenches and decided to work for each other than be exit liquidity for greedy devs, insiders, KOLs and VCs.
You don’t understand. This is all the “crypto community” you have left and you think they’re retarded. That’s why they are financially protesting crypto itself. Because they believe in the tech but they dont believe in the grift. They've fucking HAD IT.
Of course traders, VCs, devs, employees in crypto and rich people dont understand the plight of the degen, because they dont have to slum in the trenches to make money in crypto, they've extracted the value out of YOU. They're too blind to see that this is the only way for retail to make money in this industry atm. They've had to resort to playing at the casino.
But these cult coins…
Man.
I havent seen crypto enjoyers be this motivated for their bags and communities since early NFTs, early DeFi, early ICOs and even early dogecoin/bitcoin.
pay attention to who's really having fun and follow their tracks. they're most likely heading back to telegram/discord/twitter gcs of their homies all in the same coin. but now they get to make content and raid twitter to garner attention and attract other degens to stay put and ride the bull run with them.
If crypto is a country, you're seeing states forming. Some of these states have great intentions. Some of the others dont. the memes are their banners and propaganda fliers. it's your responsibility to find the good states and give your capital to them to grow their community and message.
i recommend Murad's list as a good start (unless he doesnt add SPX6900). But this cycle is all about the cults.
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