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There are few things that I despise more than celebrities. Actually, it’s not the celebrities themselves, it’s the simple minded people that think celebrities are special. Every day people give their money, time, and attention to these people who are often just ordinary individuals with an extraordinary platform. And get this - they often have this extraordinary platform for the dumbest reasons. This blind admiration fuels a culture of superficiality, where talent and hard work are overshadowed by fame, virality, and appearances. It's disheartening to see society elevate these figures to such high statuses, often ignoring the real heroes among us. But what can be done? There are lots of sheep out there, and this trend seems to be worsening, not improving.
You’re sick of this too? We should be friends. Anyways, here’s how you can make millions off of sheep and celebrities.
Celebrity meme coins
It all started on the 26th of May. The first Domino? Caitlyn Jenner. Caitlyn posted on X:
Ignore the Trump aspect for a moment, and focus on the URL: Pump.fun
What the hell is a pump dot fun?
Pump.fun is a DApp on Solana that allows anyone to design their own coin and launch in seconds.
Seriously. You pick a name, pick a ticker, pick a logo, and BOOM! your coin is instantly tradeable. Is this legal? Who knows. I tend to think that the launcher is safe because Pump.fun does the launching, you are simply designing. There’s no founder allocations, it’s truly a fair launch.
Anyhow, Caitlyn decided to launch $JENNER on pump dot fun. Initially, people thought Caitlyn’s X account was hacked. Later, videos were posted of Caitlyn speaking to the camera. Yet still, people thought that this must’ve been fake. Deep Fake videos. Other rumors include the partnering with a scam developer named Sahlil, notorious for organizing pump-and-dump schemes to scam people.
Anyways, the $JENNER coin went up about 50,000% in 9 hours after its official launch on Raydium. (once a coin hits a certain market cap on pump.fun, it graduates from the site and launches on real Solana DEXs, like Raydium). Had you bought on pump.fun, you would be up even more.
Yes, you read that right. 50,000%.
Just using the Raydium returns (purchasing at a 69k market cap), you’d have around $50,000 for every $100 you invested. Now, $JENNER has fallen significantly since, and has settled at a $6.5 million market cap, at the time of writing. This would still net you $6,500 for every $100 you invested.
I have to say… Caitlyn Jenner launching a meme coin was not on my 2024 bingo card. What happened next, well, I don’t think has ever been on anyone’s bingo card, ever.
A Celebrity Meme Explosion
Davido, a popular musician from Nigeria, decided to launch next. This was the first clue:
Davido tweeted and tagged Phantom, the most popular Solana wallet. This was the first clue, and I believe it was before the token even launched. If you saw this, your job was to scan Pump.fun for the Davido token.
Davido’s next post was a dead giveaway:
This one has the ticker in it. Davido got up to a ~$10 million market cap, giving you returns of ~140x your money, had you invested right after the Raydium launch. Had you found it on pump.fun, you’d be up even more.
Every $100 you invested would have been $14,000 at the peak. $DAVIDO has fallen to a $1.5 million market cap at the time of writing, still up over 2500% since its Raydium launch. I’m an idiot, and bought some at a $7m market cap. Now I’m down significantly, but hey, that’s the cost of tuition at crypto university.
Iggy Azalea was next. A popular rapper with 7.6 million followers on X, posted the following:
Note that this was actually before Davido, but the story is better this way.
“crypto is sexy” was your first clue. The second post references Phantom (solana) and says “mother.” Is that a reference to the ticker..? It was. The ticker is $MOTHER, and sits around a $70 million market cap at the time of writing. Every $100 you invested right after the Raydium launch ($70k market cap) would now be worth $100,000. Yes. That’s 1000x your money, in a few days.
Iggy then hosted a twitter space… and almost 400,000 people tuned in.
That’s the thing with these celebrities. They have a massive audience, and pumping a coin with their name on it to a decent size isn’t that hard. Maintaining that success, however, is tough.
Did I hit this one? Yes and no. I didn’t make 1000x… if i did, I would be on a beach somewhere instead of writing this article. However, I did purchase some at around an $11m MC, giving me a return of over 600%. I’ll take that. I sold half of my holdings at a ~65m MC and am keeping the rest in case it goes higher. Who knows, maybe I’ll change my mind and sell over the next few days.
By now I’m sure you’re wondering how to get involved in all of this. I’m going to brain dump a bunch of rules and best practices so you don’t lose your $$$, like I did on $DAVIDO.
This concept is early.
Many more of these celebrity coins will launch.
Many, many more.
Be early in the coins you pick.
If you’re seeing the ticker all over your timeline, you’re not early.
If you see big crypto influencers directly speaking on the token, you’re not early.
Don’t buy green candles. Wait for a dip. 9/10 times you’ll be able to enter cheaper than buying on a giant green candle.
Many scam celebrity tokens launch on pump.fun. Anyone could do it. Here’s an example:
Coin name: Michael Jordan
Ticker: JORDAN
Photo: Michael jordan taken from google
Anyone could do this. Be careful.Find tweets with hidden meanings like the ones I shared.
TAKE PROFITS. Many of these coins will never be higher than they are after their initial giant pump on days 1 and 2. $MOTHER seems to be an exception… for now.
Take profits. Seriously. Nothing worse than round-tripping one of these. Ride it all the way up, and then all the way back down.
An interesting strategy is to use pump.fun and buy small amounts of all of the new celebrity coins you see. most will go to 0. But if you hit 1, it should cover all of your other losses with plenty of profits to spare.
🌟 Your next steps
Be careful with this stuff. Reach out to me if you need help.
Your Takeaway
Celebrities suck, and their fans suck even more. Now is your chance to profit from all the nonsense.
🚨 Action Items 🚨
Bitcoin is a hedge against government manipulation of currency.
I guarantee that many of you reading this have all of your assets in the current system. You need to get some money outside. Hedge your bets.
If you’re at all concerned about inflation and government control of currency, you need to:
Dont hesitate any longer. Money is changing… and you do not want to be late.
Reply to this email with a question about crypto! I read and answer every single message.
Thank you for reading Make Crypto Simple.
Sincerely,
Chris Schawel
The content provided in this newsletter is for entertainment purposes only and should not be construed as financial advice. All information, including but not limited to market analysis, price predictions, and investment strategies, is purely speculative in nature. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. We are not responsible for any losses incurred as a result of the information presented in this newsletter.