Unchained

The Chopping Block: Memecoin Presales, MakerDAO’s Endgame, and BlackRock's Blockchain Bet! - Ep. 622

6 snips
Mar 21, 2024
Join a captivating discussion on the rise of meme coins and their influence on market dynamics. The hosts dive into BlackRock's bold venture into blockchain with a tokenized money market fund. Solana is highlighted as a meme coin hotspot, overshadowing Ethereum's recent upgrades. The complexities of presale tokens and the evolving concept of 'fair launches' stir up controversy. MakerDAO's strategic shifts aim to redefine governance in DeFi, while conspiracy theories add intrigue to the crypto landscape.
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ANECDOTE

Slurf Rug Pull

  • The "Slurf" meme coin developer allegedly burned $10 million in presale contributions after a supposed smart contract error.
  • On-chain analysis revealed that the developer likely rugged the presale, suggesting the burn was a marketing stunt.
INSIGHT

Exchange-Manufactured Meme Coins?

  • Some believe that offshore exchanges create presale tokens to boost trading volume.
  • The rapid listing of these tokens on exchanges fuels this speculation, reminiscent of 2020-2021.
INSIGHT

Redefining "Fair Launch"

  • The definition of "fair launch" has changed in the meme coin space.
  • It now often means no VC allocation, rather than equal opportunity for all participants.
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