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The Saint Eclectic Profile picture
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21 Dec, 4 tweets, 3 min read
Developing the ability to spot cash grab projects is more important than ever with the increasing # of projects on @Solana being launched every day.

I wrote this thread about @SolSoulsNFT as a case study in October. An update: 🧵👇
#nft #nftcommunity #eth
- Floor price crashed from 1 SOL to 0.09 SOL
- They released Halloween items but not much else
- Some community tried to support them but it has been a slow bleed
- Same team has launched @nova_launch to help ppl launch NFTs for a sizeable fee. Beware.
Updates from Sir Spooks a lot constantly promising more.

They walked away with 30,000 SOL ($4m at the time).

If they haven't 'hired, expanded or funded a DAO'... no way they are doing any of that now...
These promises with no deliver is no different to what was being said back in October and before then too...

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More from @sainteclectic

The Saint Eclectic Profile picture
21 Dec
The @DegenTrashPanda #NFT project is using some of the latest #Solana #blockchain innovations in its game such as the Entangler & Raindrops protocol

Here's what you need to know about the X'mas❤️mini-game + the innovations this project is pioneering🧵👇#nftcommunity
People who minted DTPs before the pause would have noticed ❤️ traits with a # from 1 to 6 applied to their panda.

This was part of a minigame @pit_the_panda has created for X'mas. In typical Pit / Joker style, he kept us guessing on its objective.
The aim of the game was to reward those who held their pandas longest without moving or listing them. Every snapshot if they had not been moved the ❤️ # decreased, with the aim being to get to 1❤️

The lower the ❤️ #, the greater the chance for your Panda to get an X'mas outfit!
Read 15 tweets
The Saint Eclectic Profile picture
20 Dec
A few lucky @Degentrashpanda minters received an airdrop panda 3 days ago. These were 30 tokens received from the botter that we wanted to get back into community hands.

In arranging this we had to go through a fair bit of data, so some stats for you🧵👇#solana #nft
- There were 14,173 tokens minted by 5504 wallets before the pause
- This means ~2.6 pandas per wallet minted
- The 8 known bot wallets minted 240 tokens (1.6% of supply)
- He returned 30 tokens (mostly common/uncommons with rare traits, no ultra rares which he kept to sell)
- For the lottery we used random number generation to pick the 30 winners
- Botter wallets were removed from the lottery
- 1 mint = 1 chance
- The odds of winning a returned token was 30/13,933 (0.2%)
- The top non-botter wallet minted 247 tokens. 2nd most was 101 tokens
Read 4 tweets
The Saint Eclectic Profile picture
16 Dec
The @DegenTrashPanda mint was paused to address vulnerabilities in the Candy Machine NFT deployment protocol

CMv2 was rewritten in a frenzy of coding by @redacted_j and just 2 weeks later, the mint is now reopened

Some background on CMv2 & why you should be excited for DTP🧵👇 Image
The DTP mint kicked off late November. Shortly after it was discovered that many super rare & mythic tokens were being sniped by a botter. The community investigated, went through the details & took action.
Several factors created conditions that supported the botting:
1. There was a full week between the FLP lottery & mint
2. A market to trade DTP tokens was created on dexlabs

This gave time for the botter to acquire a large # of tokens in preparation for the mint
Read 27 tweets
The Saint Eclectic Profile picture
29 Nov
With its Fair Launch, beautiful 3D art and an innovative approach the @DegenTrashPanda has been a blockbuster mint.

It has also unfortunately attracted bots & bad behaviour.

It's up to the community to investigate & set standards, so here is what we found & the action taken🧵👇
This thread was made with @DegenDAOO members, many of which took it upon themselves to do research, share info & come together to protect the community.

@NFTjordy @ApeddaddyRick @Funksonait @DegenAbeTrades @SuckMyLiqCrypto. Thank You.
Back to the story.

The @DegenTrashPanda mint launched on Nov 24th. After several delays, excited winners of fair launch tokens started swapping their tokens for trash pandas - people excitedly posted their NFTs and twitter was swarmed with Panda profile pictures.
Read 31 tweets
The Saint Eclectic Profile picture
28 Nov
Our friend with the wallet "BEIJ" is back again.

Hot on the heels of his 1,000◎ @DegenTrashPanda purchase, he has now acquired:
- @DegenApeAcademy Ape #744 for 369◎
- Ape #9538 for 173◎
- Ape#9714 for 189◎

A total of 1,731◎ ($328k) spent on the Degeniverse in 2 days👀👇
This wallet BEIJ sent 3594◎ ($682k) from their CEX account on FTX exchange to their Solana wallet to fund their Degeniverse habit.

This does not imply its FTX, this is just what you'd see if you or I transferred SOL across from our FTX CEX account. Read on to see the purchases:
Purchase of the @DegenTrashPanda Astronaut:
solscan.io/tx/38h7CSCFFUk…
Read 7 tweets
The Saint Eclectic Profile picture
27 Nov
The 1000◎ @DegenTrashPanda was bought by wallet BeiJ, funded by 6ZRC.

6ZRC is not a "normal wallet" because it is the FTX exchange: the buyer sent funds from FTX.

In fact, this very 6ZRC wallet was the one which funded the SMB Skellie King purchase👀👇
Image
Trash Panda transaction, funded 6ZRC: solscan.io/account/BeiJYM… Image
Skellie King transaction, funded by 6ZRC:
solscan.io/account/J7miek… Image
Read 5 tweets

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