Crypoto
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30 Followers
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#LLJEFFY became popular unexpectedly, but after digging into the narrative behind it, it seems reasonable.
Below is the creator's original text, the Twitter account is currently untraceable https://mirror.xyz/jyu.eth/Ekd5RjVGhygQUHUSECslOqzxsoNF9eAKjqGwQ2PCoJU
The developer bought 500,000 USDT and destroyed it, which directly heated up the entire narrative. Additionally, the current rumors about the developer sacrificing his life have almost reached the peak of the traffic pool.
I am not sure if this is truly the developer seeing through the worldly affairs or a top-notch traffic scheme; after all, we have seen too many stories with multiple twists on certain platforms! If it's true, I mourn for the developer, such a promising youth! If it's false, I admire the operator behind it for their ultimate grasp of traffic; ordinary people just ride on traffic, but this is creating traffic out of nothing! Impressive!
Old readers should remember my previous characterization of memes — the monetization of traffic (attention) economy.
Memes are essentially the same as the traffic-driven sales in certain live broadcast rooms; it's fundamentally the same thing, except that the commodities being sold here are the narratives behind meme coins.
As for whether one can still jump on the bandwagon now, wise people see wisdom, and benevolent people see benevolence. Anyway, I will not jump on it, as meme hotspots rotate very quickly!
#meme #金狗 #流量经济 #LLJEFFY
Below is the creator's original text, the Twitter account is currently untraceable https://mirror.xyz/jyu.eth/Ekd5RjVGhygQUHUSECslOqzxsoNF9eAKjqGwQ2PCoJU
The developer bought 500,000 USDT and destroyed it, which directly heated up the entire narrative. Additionally, the current rumors about the developer sacrificing his life have almost reached the peak of the traffic pool.
I am not sure if this is truly the developer seeing through the worldly affairs or a top-notch traffic scheme; after all, we have seen too many stories with multiple twists on certain platforms! If it's true, I mourn for the developer, such a promising youth! If it's false, I admire the operator behind it for their ultimate grasp of traffic; ordinary people just ride on traffic, but this is creating traffic out of nothing! Impressive!
Old readers should remember my previous characterization of memes — the monetization of traffic (attention) economy.
Memes are essentially the same as the traffic-driven sales in certain live broadcast rooms; it's fundamentally the same thing, except that the commodities being sold here are the narratives behind meme coins.
As for whether one can still jump on the bandwagon now, wise people see wisdom, and benevolent people see benevolence. Anyway, I will not jump on it, as meme hotspots rotate very quickly!
#meme #金狗 #流量经济 #LLJEFFY
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How Retail Investors Should View Memes Based on Mubarak
The image below was just taken from the exchange's details page. Mubarak's price curve shows a trend towards zero. $MUBARAK
I still remember, just last month, Mubarak, as a new star on the Bsc chain, took off with the wind from big brother @cz_binance's trip to the Middle East, soaring up. After the second interaction with big brother and the expectations for listing on Binance, meme players were completely ecstatic, and the market value skyrocketed. #mubarak even became the hope for retail players for the future of the Bsc chain.
Of course, at the early stage of reaching the top, #mubarak indeed lived up to expectations and welcomed a brief surge. Everyone predicted that as a future star of Bsc, with major traffic backing, its market value could not fall, and a price of 1u each was normal.
I still remember, just last month, Mubarak, as a new star on the Bsc chain, took off with the wind from big brother @cz_binance's trip to the Middle East, soaring up. After the second interaction with big brother and the expectations for listing on Binance, meme players were completely ecstatic, and the market value skyrocketed. #mubarak even became the hope for retail players for the future of the Bsc chain.
Of course, at the early stage of reaching the top, #mubarak indeed lived up to expectations and welcomed a brief surge. Everyone predicted that as a future star of Bsc, with major traffic backing, its market value could not fall, and a price of 1u each was normal.
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My view on Binance Wallet: A Web3 survival guide with convenience and regret
As an ordinary user who has been "working hard" in the crypto market for three years, from MetaMask to Trust Wallet to Binance Wallet#BinanceWallet, I have witnessed the transformation of wallet tools from "asset safe" to "income portal". In the past six months, I have used Binance Wallet to participate in Solana meme season, Bsc meme season, various cross-chain mining and airdrop activities. I am amazed at its ecological integration capabilities, but also tortured by some "anti-human designs" to the point of wanting to smash my phone - today, from a personal perspective, I will talk about real experiences and survival suggestions for "wild users".
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From the explosive rise of Mubarak, looking at the underlying essence of memes
In the past few days, due to the retweet from Big Brother
and the strong support of Sister
, the Bsc chain meme has achieved amazing results,
emerging prominently, with clear wealth effects, and everyone's attention has turned back to the chain. Now let's talk about my understanding and methodology of memes:
1️⃣ What is a meme?
The meme phenomenon originally emerged during the last bull market of #DOGE and #SHIB . It was initially intended as a sarcastic meme, but during its spread, it gained value recognition from more and more people. What value? Some might say it's the value of wealth creation, but I think that's not an accurate description! What these two meme coins actually spread is the 'sarcastic meaning contained in the meme' itself!
and the strong support of Sister
, the Bsc chain meme has achieved amazing results,
emerging prominently, with clear wealth effects, and everyone's attention has turned back to the chain. Now let's talk about my understanding and methodology of memes:
1️⃣ What is a meme?
The meme phenomenon originally emerged during the last bull market of #DOGE and #SHIB . It was initially intended as a sarcastic meme, but during its spread, it gained value recognition from more and more people. What value? Some might say it's the value of wealth creation, but I think that's not an accurate description! What these two meme coins actually spread is the 'sarcastic meaning contained in the meme' itself!
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The Dilemma and Breakthrough of the 2025 Crypto Bull Market
1️⃣ The difficult situation of the current bull market
1. No main track, funding structure changes
Unlike the previous bull market driven by clear main lines such as DeFi, NFT, and GameFi, the current market lacks core tracks that can continuously attract funds.
Or rather, at present, this round seems more like a series of random hits, such as the inscriptions in 2023 and the AI Agent concept in 2024, which, despite short-lived explosions, failed to form long-term consensus, insufficient to retain existing funds while attracting external hot money.
The inscription track gradually quieted down after February 2024, and the hype around AI Agents only lasted for 1-2 months until the end of 2024, with some project prices halving multiple times. As of today, March 2025, few people are discussing these.
1. No main track, funding structure changes
Unlike the previous bull market driven by clear main lines such as DeFi, NFT, and GameFi, the current market lacks core tracks that can continuously attract funds.
Or rather, at present, this round seems more like a series of random hits, such as the inscriptions in 2023 and the AI Agent concept in 2024, which, despite short-lived explosions, failed to form long-term consensus, insufficient to retain existing funds while attracting external hot money.
The inscription track gradually quieted down after February 2024, and the hype around AI Agents only lasted for 1-2 months until the end of 2024, with some project prices halving multiple times. As of today, March 2025, few people are discussing these.
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Record of the major drop in BTC at the end of February 2025
1️⃣ Market: Bitcoin has been unable to break through 110,000 since it climbed above 100,000, repeatedly returning to over 90,000 and trying to surge again but still unable to break 110,000. This time, it has also been affected by news of the U.S. stock market crash, dropping thoroughly to over 80,000, currently consolidating at this level.
2️⃣ Judgment: Last year on different social platforms, I mentioned that this round of explosive bull market would definitely come, but before that, there would certainly be a deep correction. I felt it was above 70,000 before, currently above 80,000, and it is likely to dip a little further.
3️⃣ Theory 1: The above thoughts are based on a fact that Bitcoin has risen from over 10,000 at the end of 2023 to over 100,000, with a total market cap close to 21 trillion. One can imagine how much capital is needed for this; this is still under the beneficial influence of the Bitcoin ETF approval and subsequent leveraged buying by MicroStrategy. Currently, the influx of traditional financial funds expected from the ETF approval has not been realized quickly; this requires a process. Therefore, the current situation for Bitcoin is temporarily weak, and a decline is inevitable!
2️⃣ Judgment: Last year on different social platforms, I mentioned that this round of explosive bull market would definitely come, but before that, there would certainly be a deep correction. I felt it was above 70,000 before, currently above 80,000, and it is likely to dip a little further.
3️⃣ Theory 1: The above thoughts are based on a fact that Bitcoin has risen from over 10,000 at the end of 2023 to over 100,000, with a total market cap close to 21 trillion. One can imagine how much capital is needed for this; this is still under the beneficial influence of the Bitcoin ETF approval and subsequent leveraged buying by MicroStrategy. Currently, the influx of traditional financial funds expected from the ETF approval has not been realized quickly; this requires a process. Therefore, the current situation for Bitcoin is temporarily weak, and a decline is inevitable!
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1️⃣The current ecosystem of rubbing hair is similar to the pvp mode of the first-level dog market. The market crashes as soon as it goes online. Everyone is eager to run faster and make more money, and strive to pour the community chips they have obtained. It is better to die than to die.
2️⃣ In addition to the disadvantages of the vc project itself, that is, the initial investors occupy the majority of cheap chips, it can be imagined that the huge selling pressure after Tge will make the secondary buyers who are optimistic about the project itself suffer. They will lose money as soon as they get on the train, further reducing the reputation of the project.
3️⃣ Such a vicious cycle has caused the phenomenon of mutual non-acquisition in the secondary market today, and good projects have entered the garbage dump. In the long run, it is not conducive to the development of web3.
4️⃣ Perhaps, the breakthrough point in the future lies in whether a new project model can be created to achieve a pve model of a win-win situation for project parties, investors, and retail investors. It is similar to the win-win situation of Nvidia and Tesla stocks in the traditional stock market.
5️⃣I once hoped that the meme-style financing model could achieve this, but, for now, meme also has problems such as cutting the plate and scamming the plate. Therefore, the future of the web3 project still has a long way to go!
2️⃣ In addition to the disadvantages of the vc project itself, that is, the initial investors occupy the majority of cheap chips, it can be imagined that the huge selling pressure after Tge will make the secondary buyers who are optimistic about the project itself suffer. They will lose money as soon as they get on the train, further reducing the reputation of the project.
3️⃣ Such a vicious cycle has caused the phenomenon of mutual non-acquisition in the secondary market today, and good projects have entered the garbage dump. In the long run, it is not conducive to the development of web3.
4️⃣ Perhaps, the breakthrough point in the future lies in whether a new project model can be created to achieve a pve model of a win-win situation for project parties, investors, and retail investors. It is similar to the win-win situation of Nvidia and Tesla stocks in the traditional stock market.
5️⃣I once hoped that the meme-style financing model could achieve this, but, for now, meme also has problems such as cutting the plate and scamming the plate. Therefore, the future of the web3 project still has a long way to go!
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Make a guess, let’s look back when the bull comes:
0️⃣ This round of the bull market is already in the mid-term, and the subsequent rise of BTC to 160,000 is probably the peak; the rumored 200,000 online needs to be verified.
1️⃣ This round of trends, combined with the issue of most altcoins having excessive opening market values, and in the short term, there hasn't been a significant influx of funds into the crypto market due to the ETF approval; the previous patterns of explosive altcoin seasons may very well fail.
2️⃣ The entry of old money from Wall Street has brought too many uncertainties, and BTC may subsequently disconnect from other cryptocurrencies.
3️⃣ I hope the above guesses are all wrong, after all, I hold a lot of altcoins.😅
0️⃣ This round of the bull market is already in the mid-term, and the subsequent rise of BTC to 160,000 is probably the peak; the rumored 200,000 online needs to be verified.
1️⃣ This round of trends, combined with the issue of most altcoins having excessive opening market values, and in the short term, there hasn't been a significant influx of funds into the crypto market due to the ETF approval; the previous patterns of explosive altcoin seasons may very well fail.
2️⃣ The entry of old money from Wall Street has brought too many uncertainties, and BTC may subsequently disconnect from other cryptocurrencies.
3️⃣ I hope the above guesses are all wrong, after all, I hold a lot of altcoins.😅
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Money was stolen, smiles were shifted 🙂↕️
After being in the circle for years, I've experienced being scammed three times in total. The first time I lost 500u when someone contacted me on Telegram, claiming to have insider information. I rushed in, only to find it was a Pi Xiu scheme. The second time, I lost 3000u when I was added to a scam Telegram group where someone said I could send ETH to a specified address, and their MEV contract would automatically run, helping me arbitrage with a 10% profit each time. I tried a small amount once, and it worked, so I increased my investment, and then… The third time, this time!
The process was as follows: I always thought using GMGN to trade was convenient, but since I had a job, I couldn't carry my computer everywhere. I searched the App Store, and there it was. Without much thought, I downloaded and opened it. The interface was identical, and when I clicked the connect button, it didn’t redirect to a request for independent wallet authorization; instead, it asked me to enter my private key directly. At this point, anyone who was awake should have sensed something was off. The web version didn’t ask for the private key! Looking back, I was completely out of it and entered my private key directly. At this moment, the private key should have been recorded on their server. This was mistake one! Then I entered it again without any response, and I angrily deleted the app. If I had quickly stopped using the wallet at that time, it would have been fine, but I didn’t take it seriously.
A few days later, I wanted to trade again. This time I went to the GMGN official website and found the download link for the TestFlight version, the icon had a small yellow dot, it was the genuine version. I thought, now I can use it with peace of mind! Then I found out that this app logs in through the official Telegram bot for authorization. I first entered my private key on TG to bind my wallet. During this process, I didn’t click on any TG bot ads or accept any private messages, and after completing it, I didn’t pay attention anymore.
Then, just like in the picture, I opened my independent wallet today to find that my money had been transferred away. Here is the thief's address: BDU9syMVLfigJTLyYcyP7n85ryrv9MNbhXkE3HJWMxda
At first, I thought it was a problem with TG or that I had downloaded the wrong GMGN, but later I remembered this issue. It should have leaked my private key when I downloaded the wrong version.
In summary, private keys are extremely important!!! It’s easy to say, but you really have to be extremely careful. Let this post serve as a warning!
After being in the circle for years, I've experienced being scammed three times in total. The first time I lost 500u when someone contacted me on Telegram, claiming to have insider information. I rushed in, only to find it was a Pi Xiu scheme. The second time, I lost 3000u when I was added to a scam Telegram group where someone said I could send ETH to a specified address, and their MEV contract would automatically run, helping me arbitrage with a 10% profit each time. I tried a small amount once, and it worked, so I increased my investment, and then… The third time, this time!
The process was as follows: I always thought using GMGN to trade was convenient, but since I had a job, I couldn't carry my computer everywhere. I searched the App Store, and there it was. Without much thought, I downloaded and opened it. The interface was identical, and when I clicked the connect button, it didn’t redirect to a request for independent wallet authorization; instead, it asked me to enter my private key directly. At this point, anyone who was awake should have sensed something was off. The web version didn’t ask for the private key! Looking back, I was completely out of it and entered my private key directly. At this moment, the private key should have been recorded on their server. This was mistake one! Then I entered it again without any response, and I angrily deleted the app. If I had quickly stopped using the wallet at that time, it would have been fine, but I didn’t take it seriously.
A few days later, I wanted to trade again. This time I went to the GMGN official website and found the download link for the TestFlight version, the icon had a small yellow dot, it was the genuine version. I thought, now I can use it with peace of mind! Then I found out that this app logs in through the official Telegram bot for authorization. I first entered my private key on TG to bind my wallet. During this process, I didn’t click on any TG bot ads or accept any private messages, and after completing it, I didn’t pay attention anymore.
Then, just like in the picture, I opened my independent wallet today to find that my money had been transferred away. Here is the thief's address: BDU9syMVLfigJTLyYcyP7n85ryrv9MNbhXkE3HJWMxda
At first, I thought it was a problem with TG or that I had downloaded the wrong GMGN, but later I remembered this issue. It should have leaked my private key when I downloaded the wrong version.
In summary, private keys are extremely important!!! It’s easy to say, but you really have to be extremely careful. Let this post serve as a warning!
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My Two Cents on Spot Investment Philosophy
Today, with nothing in particular to do, I looked at the dismal market trends and want to share my investment philosophy regarding spot investments for everyone's reference.
As I mentioned in my previous article, nowadays in the secondary market, most of the altcoins are not recommended for you to invest in, no matter how much they drop. Don't even think about averaging down; how do you know today's bottom isn't tomorrow's high? As a primary EVM series public chain, it carries the hopes of many loyal Ethereum fans, yet its price has dropped from a peak of $15 to today's $5.4. Not to mention the various project tokens that depend on major public chains; once listed on several exchanges, they often peak, and most will continue to decline, with constant downward trends. The Wormhole token $w, which I was once very optimistic about, has fallen from an initial $2 to today's $0.17. All this happens against a larger backdrop; we are currently in a bull market.
As I mentioned in my previous article, nowadays in the secondary market, most of the altcoins are not recommended for you to invest in, no matter how much they drop. Don't even think about averaging down; how do you know today's bottom isn't tomorrow's high? As a primary EVM series public chain, it carries the hopes of many loyal Ethereum fans, yet its price has dropped from a peak of $15 to today's $5.4. Not to mention the various project tokens that depend on major public chains; once listed on several exchanges, they often peak, and most will continue to decline, with constant downward trends. The Wormhole token $w, which I was once very optimistic about, has fallen from an initial $2 to today's $0.17. All this happens against a larger backdrop; we are currently in a bull market.
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There is nothing new under the sun, let's talk about the future of VC and memes:
1️⃣ A few days ago, the highly popular Bearchain launched its tokens. As an ambitious project aimed at revolutionizing the old public chain system, it claims to inherit the legacy of Ethereum as an L1 public chain, achieving breakthrough innovations in technology and attracting a large number of technical talents to join the ecosystem's development. It has also fostered a good community atmosphere. In the current downturn of Ethereum's overall trend, Bearchain's TGE event is undoubtedly a bright spot, carrying the hopes of many loyal ETH fans.
2️⃣ Thus, many friends around me bought a lot after Bearchain's listing. Bearchain did not disappoint and reached a peak price of $15. Considering its total issuance of 500 million and a circulating supply of only 100 million, a price of $15 and such a market cap is relatively reasonable. As long as the project team manages the operations and unlocks in an orderly manner, such a large IP should be stable.
2️⃣ Thus, many friends around me bought a lot after Bearchain's listing. Bearchain did not disappoint and reached a peak price of $15. Considering its total issuance of 500 million and a circulating supply of only 100 million, a price of $15 and such a market cap is relatively reasonable. As long as the project team manages the operations and unlocks in an orderly manner, such a large IP should be stable.
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