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        <description>$ONEWHAT is a tribute to "1) What", an infamous slice of CT culture.</description>
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            <title><![CDATA[Memecoins That Stick: The Entertainment Soul of Crypto]]></title>
            <link>https://paragraph.com/@onewhat/memecoins-that-stick-the-entertainment-soul-of-crypto</link>
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            <pubDate>Wed, 28 Feb 2024 16:16:59 GMT</pubDate>
            <description><![CDATA[tldr: ONEWHAT aims for a million holders and tons of stories Memecoins come and go like short funny videos on Instagram or TikTok. We watch them on Dexsomething, and the narrative often resumes to how many days the actual news underneath the ticker will draw attention. Agile gamblers try to make quick bucks, naive dreamers lose their "hard earned eth", addicted soldiers in TG groups shout "RAID THIS", cynic founders rug or dump or trick, sometimes all of the above. Quite a show!@zachxbt expos...]]></description>
            <content:encoded><![CDATA[<p><strong>tldr:</strong> ONEWHAT aims for a million holders and tons of stories</p><p>Memecoins come and go like short funny videos on Instagram or TikTok. We watch them on Dexsomething, and the narrative often resumes to how many days the actual news underneath the ticker will draw attention. Agile gamblers try to make quick bucks, naive dreamers lose their &quot;hard earned eth&quot;, addicted soldiers in TG groups shout &quot;RAID THIS&quot;, cynic founders rug or dump or <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://medium.com/@nadathing/nothing-for-you-something-for-them-a73dcf06304b">trick</a>, sometimes all of the above. Quite a show!</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/a1011293a09770108aabbf32a0940feedd3411f3ee54d04fbeb97d9bf5bee726.png" alt="@zachxbt exposes an &quot;influencer&quot; scam practices" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">@zachxbt exposes an &quot;influencer&quot; scam practices</figcaption></figure><p>Sometimes, one stand out and actually become a meme as a coin, with an identity. Doge, Shib of course, the mammoths. Bonk, Pepe, last cycle newcomers (although the latter being a nasty copycat of the <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/pepecoins">OG Pepecoins</a>), wether you like it or not. WIF, entering the top5 game. These ones stick, they disseminate, everyone in crypto knows about them. And then, they actually exist: you can discuss it, mock it, make funny gifs, imagine derivatives, engage in on-chain forensics, buy some, get a real sense of community...</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/ce75f03743b018d646e402b5a14e6fc8a01b8fef99bc06e578a9084216e5dadf.png" alt="Top Memes Tokens by Market Capitalization, Coinmarketcap, February 2024" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">Top Memes Tokens by Market Capitalization, Coinmarketcap, February 2024</figcaption></figure><p>ONEWHAT is an experiment. SBF&apos;s &quot;1) What&quot; tweet is maybe the most memed tweet of the past years in crypto (or is it CZ&apos;s &quot;4&quot;?). These 7 characters somehow beautifully embody the whole FTX implosion saga and the completely deranged SBF clan behaviours and stories. It now lives in the collective memory of CT.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/8a93ca23c14dfdb1e47ed8e78cce87593bbbaa816021f8747e306de4b609f3ad.png" alt="The original author of &quot;1) What&quot; in good company, by @TiffanyFong" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">The original author of &quot;1) What&quot; in good company, by @TiffanyFong</figcaption></figure><p>But for how long? ONEWHAT experiment is to prevent this slice of crypto history from fossilization by bringing it to life as a memecoin. Maybe a rocky life, but life, laughter, memes, mockery, stories, charts, TA, believers against non-believers twitter threads battle. What makes CT CT.</p><p>Yes, shitcoins, pnds, serial ruggers are a plague. Yes, the real topics are EVM parallelization, restaking risks, and all those on the Ethereum roadmap. But there&apos;s something special about the true memecoins, those who make it to a million holders. They are the entertainment soul of crypto: they aren&apos;t really useful, but without them the whole space would be really dull.</p><p>So the goal is a million holders and tons of stories.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/f725769310816ad33ea525b526025c4acb7b84bd8adc391ba41b596030139780.png" alt="$SHIB &gt; 1m holders, Etherscan, February 2024" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">$SHIB &gt; 1m holders, Etherscan, February 2024</figcaption></figure><p>We&apos;ve been around a long time. We know the pnds mechanics, we know the VC funding mechanics, we know the fair launch and serious influencers only mechanics. We are not going any of these paths. ONEWHAT is going to find its way in life organically. It doesn&apos;t mean we are going to put a token in the open and just watch it evolve passively. Don&apos;t worry, we have crazy ideas. This thing is going to be very satirical, maybe even wild. You can have fun with it and amplify it, hate it and fight it, or not care and ignore it - your call.</p><p>If you feel like it, you can also do push-ups, like this guy:</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/ed356fe4c1cfe6ce0e8e0b812de19afd7db59f8cdee28626d535ebfd5f47a04f.png" alt="@GG1nvestments doing push-ups to &quot;work on his bag&quot;" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">@GG1nvestments doing push-ups to &quot;work on his bag&quot;</figcaption></figure><p>Let&apos;s make it stick, let&apos;s hallow &quot;1) What&quot; as an infamously sacred moment.</p><p>🤘</p>]]></content:encoded>
            <author>onewhat@newsletter.paragraph.com (ONEWHAT)</author>
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