008.eth
@008_eth
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BTC 2013, ETH 2017, dabble in art, macro, AI ... everything you love to hate | Not Financial Advice
Joined September 2017
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@historyinmemes
caffeine
to avoid getting sick from unfiltered water
many drank low alcohol % beer/wine
during day
then we replaced fermentation
with boiling water
to make coffee & tea
boiling = healthier to drink
caffeine > alcohol
import coffee to Europe
scientific boom
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1/🐸🧵
Attention Economy
we've all heard this
but it's not exactly right
we no longer live in an attention economy
we in live a
SHORT-ATTENTION SPAN ECONOMY
it's costing everyone $billions
come down this 🐇🕳️ with me
to see why $PEPE can thrive in
this new world order
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Kraken is a big deal onboard for $PEPE
20x the size of Gemini
in terms of spot trading volumes
from personal experience as a customer ... Kraken has strong customer support & unlike Coinbase actually processes business account onboarding quickly
📣 Now available: $PEPE
@pepecoineth
🐸
✔️ Deposits enabled
✔️ Trading is live
*Geographic restrictions apply
Learn more 👉
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The absolutely crazy story of
Yevgeny Prigozhin
convict, hot dog salesman, restaurateur, private military commander
the man attempting a coup in Russia
at this very moment
⭐️⭐️⭐️⭐️⭐️
Prigozhin founded Wagner Group in 2014
- aka Russian Private Military
- 50k troops in
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Listening this
@MarioNawfal
space
they are debating $BTC vs $PEPE
let that sink in ...
debating $BTC vs $PEPE
the fact $PEPE is in that debate is bonkers
$BTC is a $500 billion heavy weight
$PEPE is not even a month old 🐸
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$PEPE is superior technology 🐸 at building & keeping attention v NFTs
in
@MarioNawfal
spaces, Mario talked Bored Ape/Yuga
even though no celeb endorsements $PEPE has more attention than peak Yuga
and the metaverse ... no one cares 😂
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1/🐸🧵
Owner Distribution 🐸 gud
held outside top 500 holders:
35.4% of $PEPE
21% of $DOGE
19.5% of $SHIB
$PEPE already more the people's meme coin
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ENS 00# will be grails of ENS world when there are 10s of million of ENS address in not so distant future
- The are 10 of these assets. I now own 2
- 50 ETH seems crazy today ... I believe ENS is the path for mass consumer adoption of ETH
As ####.eth said ... see you in 2 years
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1/ 🐸🧵
$PEPE in 2023 is closely mirroring $SHIB's 2021 on-
chain path, to the exact calendar date
Analog:
$SHIB April-May 2021
$PEPE April-May 2023
Today when asked about SPEPE in a space,
@cz_binance
said of listings:
"
#1
criteria is # of users"
let's explore:
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1/ 🐸🧵
$PEPE is losing ground in the
SHORT-ATTENTION SPAN ECONOMY
PvP reigns supreme in this finite capital world
key issue: we are splitting attention
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Memes are Media
$PEPE knows how to channel the moment's pinnacle meme at light-speed across our growing decentralized MEMER ARMY 🐸
In under 24 hours from the idea of
#DELETECOINBASE
... CNBC's live financial news discusses how it negatively impacted
@coinbase
share price
5/ $PEPE Holders, a MEMER ARMY
There's 106k on-chain holders of $PEPE + exchange holders
many owners know how to capture attention, surf the metas, use the tools
a new age of memers is here ... in 4chan times it was JPEGs & GIFs
now memes & short-form video
Memes are Media
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the world has never seen something like $PEPE
I am confident in that 🐸
& they are fully unprepared
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think of $PEPE as a brand
you're out to dinner & you pay with your metal $PEPE card
no one has ever seen one in person👀, you have to hold 1 billion $PEPE to have one issued
there's no opaque rules to get it ... everyone knows your an OG🐸
$PEPE card = mainstream adoption
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(1/10) ENS is best risk/reward trade I've found in years:
- Aug 25, 2021 ENS hit 200k registered names
- 255 days later, 1.1m registered names
- May 11, 2016 ETH hit 200k unique address
- 255 days ... 1.0m unique address
- ETH paved way, ENS can build on
- ETH Jan 2017 vibes
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1/ 🐸🧵 (Short Debate Update)
in
@MarioNawfal
space
a question came up about $PEPE having cultural value
has there ever been a connection between culture & money?
Did you know the wealthiest person in the world, Bernard Arnault, owns a culture company LVMH
Culture = $$$$
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(1/10) Time for mega 🧵on ENS:
- ENS is the largest and most accessible NFT project w/ 358k owners
- Owners often change twitter names to their ENS #
- Numbers are universal & collectable
- ENS is your passport across metaverse
- Full disclosure I ape'd in, not financial advice
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the most important thing you can do for $PEPE
is own your $PEPE on-chain
if $0.5 to $1 billion of volume had to go through DEXs ... I'll tell you this much ... price would not be even close to here🐸
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1/🐸 🧵
price is dependent on rate of change, not level
so that's why you'll see me focus on something
called the uptick
& right now ... in real-time google search trends
$PEPE is seeing an uptick
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🐸Flash Update🐸
- Just hit 112k unique holders
- 1k rise in unique transacting wallets day over day
here's the interesting part:
0.2k decline in addresses sending $PEPE
&
1.6k increase in addresses receiving $PEPE 👀
divergence ... more on-chain buyers than sellers 🐸
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sounds like y'all were battling
aggressive $PEPE FUDers today
do they remember, we're a MEMER ARMY?
suited up, ready to drop 🐸🧵 as needed
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We're all talking Binance today
but ... did you know
@cryptocom
are meme addicts
14% of their holdings sit in $SHIB, $446 million
@cryptocom
added $PEPE today🐸
- an exchange that's customers like memes
- $SHIB hasn't moved in a year, maybe liquidity flows to new places🤔
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The killer app of $PEPE
ungovernable
$PEPE has no master
as such🐸attracts the free minds of web3 & crypto at
large
no hierarchy, only contribution
we are potential energy ready to act
permissionless action🐸
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with memes, anything is possible
$GME, $AMC, $DOGE, $SHIB
$pepe on deck
from the history books: May 2021 ... weekend of $SHIB's Binance listing, $1.1B market cap to $13.69 billion in 3 days 👀
one cannot contain a meme
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I saw
@danielgothits
upgrade to 260.eth and decided it was time to up my ENS game
@10kClubOfficial
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(1/10) Liquidity is the core factor on why 3 & 4 digits will likely accrue outsized value in ENS ecosystem
- Liquidity begets liquidity
- ENS volume last 2 wks > all volume before
- 3 & 4 digits initial liquidity was from NFT degens, now being joined by freshly funded wallet
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1/ 🐸🧵
$PEPE, The People's Coin
What this really means & how the lessons of history
can teach us
travel back in time with me to 1896
& let me tell you a tale
which will resonate
with all of us🐸
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1/ 🐸🧵
We often speak of $SHIB & $DOGE
& while those are good initial targets
we're playing for something greater
now, $PEPE dominates twitter's TL
a level up will be other socials
& in-time mainstream media
🐸 is rebellion
of prevailing narratives
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1/ 🐸 🧵
We always talk about $DOGE & $SHIB ... but I thought hey want about $APE coin ... at the peak that was worth a lot
at the peak it traded at $6.7b ... fully diluted ~ $20b
$PEPE is basically at the same search traffic as peak $APE
this 🧵 is worth a full read 🤝
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a week of effort in $PEPE gets you this
- 1.3 million impressions
- 366k views today
all from writing daily 🐸🧵
work hard for $PEPE
& $PEPE will work for you
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seeing it for the first time on OS ... owned by 008.eth
always see people post their grails - this is mine
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OpenSea basically admitting that
$PEPE > NFTs
using $PEPE to revitalize NFTs
def good for $PEPE to gain one more commerce channel after
@manifoldxyz
but OS needs $PEPE more than $PEPE needs
@opensea
NFTs are dead? Wait until frogs learn how to collect NFTs with $PEPE. Check it out on OpenSea Pro! 🐸
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1/ 🐸🧵
Over last 2 days OKX bought 4% of $PEPE
during this period, holdings outside the Top 500 holders has stayed constant at 37.5%
this suggests Top 500 holders have been moderately reducing portions to centralized exchanges
& ETH liquidity is on net flowing in via CEXs
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1/🐸🧵
The Uptick - What it is & Why it Matters
Over last 2 days, daily on-chain unique $PEPE transactions fell from 33k to 17k
but today, even with high $ETH gas prices: they rose to 24k
$PEPE on-chain activity now well above $SHIB's pre-Binance listing history
let's go:
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$PEPE EVERYWHERE
spaces, timeline, miami hotel reception desks, wall street, pfp, emojis, wallet, wherever we go, $PEPE is there
Airdrop Today:
🐸Free
🐸Supply 36
🐸Drop ENS/address
🐸Minted on Ethereum
coded in p5js
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1/ 🐸🧵
On-Chain Distribution Increasing
- Unique wallets at All-Time High 110.4k vs 108.3k 11 hours ago
- Binance holdings continue to drift lower to 17.9%
- Holdings outside Top 100 increased to 42.1%
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🐸 WHY WE SEE FUD 🐸
seeing massive FUD from NFT community
on $PEPE
why ... in the most simple terms
more people today are googling uniswap than opensea
1st time since November 2021
flip happened with rise of $PEPE 🐸
bag holders will do anything to reverse this trend
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$PEPE will grow attention long-term
creators will tap into $PEPE for immediate attention
if
@JayRaTheRu
rapping dif topic, we wouldn't be watching now
positive flywheel, talented communicators will flock to $PEPE
quality improves => more viewers
flywheel continues🐸
$Pepe homies.. Show me some love if your feelin my style of lyrics.
Wen my 3rd $Pepe track? SOON. If you havn't heard the first two, check the pinned post.
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literally nothing else matters
the fact $BTC maxis even agreed to have this debate
means they view $PEPE a threat
insult to injury, their arguments are weak af
@Pauly0x
&
@ryder_ripps
remember to drop the mic on your exit
Listening this
@MarioNawfal
space
they are debating $BTC vs $PEPE
let that sink in ...
debating $BTC vs $PEPE
the fact $PEPE is in that debate is bonkers
$BTC is a $500 billion heavy weight
$PEPE is not even a month old 🐸
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10/ Blockchain as Experiment
We've seen an era of DAOs ... decentralized in name only
but $PEPE now that's decentralized
we have no master, no one telling us what to do, no bureaucracy, no votes, no gas fees after purcahse
we sit on our $PEPE
and meme the F out of 🐸
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🐸Flash Update🐸
- 115k unique $PEPE holders, new all-time high
- on-chain activity remains low, but there's more receivers (buyers) than senders (sellers)
- thus unique ownership on-chain continues to grow
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🐸my take 🐸
a tweet needs to grab attention
too many hashtags &👀glaze over to next tweet
$PEPE > other hashtags
$PEPE = 5 characters, can be used in a sentence easily
other common hashtags: 9, 11, 15 characters
difficult to use in attention grabbing sentence😴
1/ 🐸🧵
$PEPE is losing ground in the
SHORT-ATTENTION SPAN ECONOMY
PvP reigns supreme in this finite capital world
key issue: we are splitting attention
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Proof of $PEPE
practice what you preach they say
utility in $PEPE, natively no
but we as members of $PEPE community can add utility to holding $PEPE
hold 1 billion+ $PEPE on-chain
drop ENS/address
13 more to distribute (of 61)
$PEPE TRES COMAS
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1/🐸🧵
$PEPE needs to bridge to physical world
make your own merch, customize your own credit
cards, talk to your friends
maybe it's a pin or a something in your wallet
imagine: at bar ordering a drink, you get the
head nod & a heavy pour from the bartender
bc iykyk
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🐸Flash Update 🐸
grinding higher in unique holders
113k now
we are approaching another milestone, 1 million total transfers ... something to keep an eye out for 👀
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🐸🧵Proof of $PEPE
Last night: 3.8k live listeners, 52 speakers, wide range of topics
an experiment tonight:
All Speakers must hold $PEPE in their wallet (will verify with ENS/wallet address via Etherscan )
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🐸Flash Update 🐸
on-chain distribution of $PEPE is becoming heavily concentrated at the very top in CEXs 👀
Changes in last 6 hours:
- Holdings outside Top 500 decline to 31.7% from 33.3%
- Binance up to 12.3% from 10.8%
- OKX up to 4.5% from 4.0%
1/ 🐸🧵
on-chain update
- on-chain distribution outside top 500 continues to edge lower from 34.3% to 33.3% day over day
- Binance buying more $PEPE, now owns 10.8%
- small holders were net selling to Binance
- unique holders edged higher, up 1k day over day
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1/ 🐸🧵
We live in a world of finite liquidity
Money supply falling globally
PvP name of game
Everyone defending their turf
& $PEPE as new kid on the block
is attracting heat
heat is energy
we 🐸 embrace the energy
welcome the FUD
use it as fuel
to reach escape velocity
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(1/9) ENS Super Cycle 2022-2024 Part 1
- To start a super cycle you need the right initial conditions - for ENS they are:
- Low $ETH gas fees
- Consumers comfortable with on-chain transactions
- Crypto being social, NFTs made us want to flex, ENS makes us searchable
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NO RESISTING $PEPE
$PEPE spreads to everyone
🟩 = $PEPE
⬜ = NFT / Normie
🟧 = $BTC Maxi
🟦 = $ETH Maxi
🐸 Free
🐸🐸Supply 16
🐸🐸🐸 Drop your ENS/address
🐸🐸🐸🐸Minted on Polygon via
@Bcard_eth
everyday generative art
coded in p5js
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Google Search traffic for $PEPE approaching Elon Musk🐸
7/ ask them have they ever heard of Elon Musk
the man so addicted to memes & social media he bought Twitter for $44 billion on a whim
well ... $PEPE is currently 93% as searched as Elon Musk
honestly insane ... that famous already🐸
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1/ 🐸🧵
Reflecting on that attorney's legal advice, $PEPE will go to $0
Clearly her legal insurance rates should go up for reckless advice giving ...
but the bigger fish to fry is what's a good response to the question
why are memes worth anything?
Probabilities
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$ETH just hit $2k
$PEPE is popping
$QQQ is up 22% YTD
I keep hearing we in a bear
more likely, we in early bull
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🐸Timeline of $PEPE accelerating 🐸
-
@Gemini
listed $PEPE 4 days after Binance
- In 2021,
@coinbase
listed $SHIB 129 days after Binance
the listing of
@Gemini
is like breaking a seal for US based listings. it's been done. next one easier
6/ Timeline of $SHIB Listing
Posted earlier today, but want in daily thread for later reference
Apr 16, 2021 MEXC (listed $PEPE Apr 19, 2023)
May 8, 2021 OKX (listed $PEPE May 1, 2023)
May 10, 2021 Binance
Sep 16, 2021 Coinbase
Nov 12, 2021 Gemeni
Nov 29, 2021 Kraken
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back to 108k unique holders of $PEPE 🐸
despite massive growth in CEX deposits, notably Binance shooting to 14.8% of $PEPE, new people are buying on-chain
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I've seen many people asking
why $PEPE still applying pressure on
@coinbase
Imagine:
YOUR NAME IS RACIST
published front page of New York Times
the next day NYT's CLO apologize on twitter
wouldn't matter, damage done
and thus
#DELETECOINBASE
continues 🐸
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the effects of
@coinbase
's anti $PEPE action will extend beyond a back channel apology from their Chief Legal Officer
we live a market economy
when one company blunders, their competitors triumph
@Gemini
enables people
@coinbase
judges people
customers remember
We screwed up and we are sorry.
Yesterday we shared an overview of the $pepe meme coin to provide a fact-based picture of a trending topic. This did not provide the whole picture of the history of the meme and we apologize to the community.
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3K
7K
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1/ 🐸🧵
high $ETH gas fees curtailed on-chain $PEPE activity for last week & in-part led to a huge rise in CEX ownership of $PEPE
Today $ETH gas fees are returning to pre-$PEPE mania levels
today seeing rise of unique $PEPE holders, up to 111.3k now
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003.eth delisted, floor for 00#.eth is now 300 ETH
not saying worth that ... but it looks like no one wanting to sell these grails
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1/ 🐸🧵
Gemini & how buying here drives adoption
over last 2 days Gemini has acquired 0.68% of $PEPE
if this grows to scale of OKX ~5% ... this would indicate demand from US buyers is strong
& other US exchanges would prioritize listing $PEPE
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🐸on-chain data
- Over last 8 hours, demand from centralized exchanges has been strong
- OKX has been a large buyer, buying 2.6 Trillion $PEPE
Why this sort of analysis matters?
OKX owns 1.1% of $SHIB, Binance owns 7.1%
Still early in CEX adoption, already mattering today
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🐸Flash Update🐸
Internal Movements at Binance
Sent 50 Trillion $PEPE from Binance 14 to Binance 8
Binance now holds $PEPE across 4 top 25 wallets, totally 20.4% of $PEPE
Centralization continues to increase, holdings outside Top 100 fell to 39.8% from 41.2% on May 16
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stumbled upon this wallet, 2 items
Fidenza grail & matching $ENS 3 Digit
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1/🐸🧵
- on-chain activity has been particularly low the last few days
- more receivers (buyers) than senders (sellers)
- which has resulted in new highs of unique holders, hair under 114k
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1/ 🐸🧵
to build a MEMER ARMY
we need soldiers
if you know a fitting $PEPE recruit
and you need to 🟥 💊 them
send them this 🐇🕳️ of 🐸🧵
1/🐸🧵
Attention Economy
we've all heard this
but it's not exactly right
we no longer live in an attention economy
we in live a
SHORT-ATTENTION SPAN ECONOMY
it's costing everyone $billions
come down this 🐇🕳️ with me
to see why $PEPE can thrive in
this new world order
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Today was 🤔 of ways to show world
positive vibes of $PEPE
@MrBeast
does an amazing job curating charities & his
@teamtreesofficl
accepts crypto currency
@teamtreesofficl
would it be possible for you to add accepting $PEPE?
Best,
008.eth 🌱🌿🌳🐸
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Holy Crap, founder of reddit and ApeCoin DAO board member
@alexisohanian
now owns 7️⃣7️⃣6️⃣.eth
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(1/10) ENS: Coinbase Today, Facebook Tomorrow
- This is my guess of future (NFA)
- Coinbase integrating ENS is key to reaching 20 million ENS users, 98m verified users, ~10m monthly transacting users
- But I think Facebook will take ENS to 1 billion+ users (mostly subdomains)
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1/ 🐸🧵
Distribution changing rapidly
Holdings of:
100th, 500th, 1000th biggest holder
2 days ago vs now:
100: 425 bil, now 408 bil
500: 83 bil, now 78 bil
1000: 37 bil, now 33 bil
Binance + OKX hold 23.5% up from 19.7% 2 days ago
CEXs keep receiving $PEPE
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SOMETIMES WE VIBE (🎧on)
today was particularly chill in $PEPE
🐸Free
🐸🐸Supply 16
🐸🐸🐸Drop your ENS/address
🐸🐸🐸🐸Minted on Ethereum
everyday generative art
coded in p5js, music by
@JayRaTheRu
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thank you
I deeply appreciate all my readers 🐸
17 months of 🧵writing to get here
$ens, macro markets, art, $PEPE
great friendships formed
❤️❤️❤️❤️❤️❤️❤️❤️
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9/ & the🗝️ to it all
we all own part of $PEPE
so if $PEPE goes viral on tiktok we win
it doesn't matter who created or re-meme'd or if Cambodian content farms are using our memes to make $69/day selling Ali baba sourced jade 🐸 bracelets
$PEPE's success is our success
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$PEPE UNMATCHED ATTENTION
$PEPE attracts creators & viewers alike, each person real-time collaborating with others in $PEPE. Instant views, constant innovation, unstoppable energy
Airdrop Today:
🐸Free
🐸Supply 16
🐸Drop ENS/address
🐸Minted on Ethereum
coded in p5js
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1/ 🐸🧵
Day over Day $PEPE Changes
- Binance + OKX holdings up 1.2% to 19.7%
- Holdings outside Top 500 down 0.3% to 29.7%
- unique owners up 1.5k to 107.7k
- Non-CEX Top 500 holders either sold or moved 0.9% of assets to CEXs
in world of high $ETH gas, CEX remain appealing
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at first it just seems like a FOMO mantra
"I am my digits and my digits are me"
but now when people ask me my name:
I tell them 008, but you can call me 8 for short
@10kClubOfficial
@ensdomains
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1/ 🐸🧵
After a few day pause, $PEPE is seeing greater distribution to non-Top 500 Holders
this is despite growing CEX volumes
further evidence $PEPE is the people's coin
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Yesterday we began monitoring
perpetual funding rates on centralized exchanges
today the cost to short $PEPE (in interest payments)
has gone from 1.5% a day to 4.5% a day
suggesting shorts have materially increased their positions
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1/ 🐸🧵
on-chain update
- on-chain distribution outside top 500 continues to edge lower from 34.3% to 33.3% day over day
- Binance buying more $PEPE, now owns 10.8%
- small holders were net selling to Binance
- unique holders edged higher, up 1k day over day
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$ENS 4 digits are 195 away from 4.0 ETH floor
from witnessing other NFT markets, move from 3 to 5 ETH tends to be fairly swift
looking back to 3 digits, they moved from 2 to 15 ETH in a hurry
~2-3 ETH profits is selling zone for normal life expenses
entering new territory
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@WallStreetSilv
surprise surprise
Biden's claim he wouldn't raise taxes on people making less than $400k
was a lie
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