Crypto since 2017 | NFTs since 2021 | Not a financial advisor - just a degen | always maxxing
Joined September 2017
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A meme coin becomes top-tier when most people fall in love with it, get attached, and completely forget about the price action.
It's $FAT fella season!
depunked.eth retweeted
One of crypto's largest KOLs has been secretly extracting millions from his audience
We’ll expose him soon
Unfortunately, he’s just a symptom of a much bigger problem
Social trading has brought out the worst in KOLs. It was designed to keep them honest by making every trade public. In reality, the opposite happened
In just a few weeks, we exposed a number of "top social traders" using the same tricks:
• Public wallets to attract copy traders
• Side wallets to dump
• Callouts to farm rewards
• Bundled tokens to hide supply
And there are plenty more doing the exact same thing
Why? Because our industry incentivizes it
1) Launchpads allow it
Most launchpads today are obsessed with one thing: volume. Millions in callout rewards, affiliate links, and top leaderboards. Almost nothing on detecting bundles, side wallets, or shady traders. Scams drive volume. Launchpads have no reason to stop it (other than actually caring about their users)
2) Social trading incentivizes it
Side wallets have become a business model. Before social trading, only big KOLs could do it. Now, anyone who lands on a leaderboard can monetize by dumping on their copy-traders. The temptation is real
3) CT normalizes bundle culture
“Everyone bundles. It's how it's done" - an excuse we hear every time we expose a KOL. Supply control isn't the problem. Hiding it is. If it's so bullish, why hide it? Spoiler: because you're planning to sell
***
Launchpads are paying millions to dishonest KOLs. It's time they start taking it seriously
Audit the top traders. Expose their side wallets. Ban repeat offenders
We have the tools. What's missing is the willingness to use them
No one's coming to save us
depunked.eth retweeted
Since $Moodeng, we haven’t seen any single hippo gain anywhere near the same level of virality as itself… only $Ploy has outperformed its metrics and within its first couple days since being posted on IG… there are 124M views on the original video, over 140M on other posts of the same video collectively, and the name Ploy in Thai translates to “Gem”.
AFAIK, there isn’t a CTO on this yet, there is no formal leader, there isn’t even really a team yet, sort of similar to the early and longterm setup of how Moodeng was… it started gaining traction, the trenches then realized how viral is was becoming, and it just ran from there.
It does look as though someone is beginning to accumulate and market make on the backend at low cap though… so I feel like someone must be trying to corner some supply to push it… let’s see.
39fzweMMY4DRAgBQN61jbMGRoa2RBFTjAY3Vg95Epump
This cat is killing the TikTok algo among normies, and now it’s coming to X.
+ very easy to scale.
Good sign.
$PLOY is giga viral on insta, hitting 100m+ views already. He is popular.
He is very funny. And he is hippo.
40k mc.
0 or millions.
Last time I bought solana:6Fzn6PtAiVFvweUibxAiqQrofo138k9YZtJ1HK9EVShp instead of $SwordCat. Unlucky — but SwordCat made a huge run.
Today I bought both solana:39fzweMMY4DRAgBQN61jbMGRoa2RBFTjAY3Vg95Epump and $MOOK. I don’t know which one will run, but I hope it’s not some random new pair.
In general, it’s a hippo, and if you watch the Instagram video, it’s also a meme - like it’s rare for animal runners.
I was probably one of the first to find the next viral cat. I bought $Excatlibur, the original ticker that never took off.
Congrats to the $swordcat holders, and to the $knightcat fans who also made many x’s.
