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 2/ Gemini BTC & ETH HODLers

on-chain data of Gemini holdings show they a very $BTC and $ETH heavy holdings at 89% total.

~1% is in $DOGE, 0.4% in $SHIB

and now this exchange is championing $PEPE with multiple tweets by exchange & founders

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 2/ this is my personal opinion

I think $PEPE prices will remain under pressure until CEXs (notably Binance) stop attracting deposits

as per a poll I conducted 87% of reason people transfer to CEX result in selling pressure

flagged issue on May 8:

https://twitter.com/008_eth/status/1655633824217288706?s=20

1/ ALWAYS SEEKING CONNECTION

today's theme: surfing spaces to find deeper connection

🐸Free
🐸🐸Supply 16
🐸🐸🐸Drop your ENS/address
🐸🐸🐸🐸Minted on Polygon via @Bcard_eth

everyday generative art

coded in p5js

opensea.io/assets/matic/0… 2/ Description

NFT has a 40 second, higher quality video

1/ 🐸🧵

people like underdog stories

David vs Goliath

the @coinbase $PEPE hate speech email is the best possible world for $PEPE

we'll show the world: billionaires, corps, centralized cabals

are no match for our decentralized efforts 🐸

our fight secures attention 2/ A Call to Arms

We've discussed the MEMER ARMY before

and on twitter ... in under a month we've assembled quite the force

but today House $PEPE called on its bannermen

close accounts on Coinbase, transfer assets, show $PEPE is a force to be reckoned with 🐸

$PEPE, APPLY CONSTANT PRESSURE

today's theme: surf or battle for control of TL

🟦= twitter algo/notifications
🟩 = $PEPE tweets

🐸Free
🐸🐸Supply 16
🐸🐸🐸Drop your ENS/address
🐸🐸🐸🐸Minted on Polygon via

everyday generative art

coded in p5js
opensea.io/assets/matic/0… 2/ Description & Metadata

video in the NFT is a 45 second look with a much wider range of output

quite relaxing to watch

wave theme: sometimes we are surfing the twitter algo but other times we are battling FUD PvP

the animation reflects a wide range of Twitter experiences

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 2/ Activity on-chain slowed day over day

- pretty slow day for on-chain activity, unique transactors dropped 8k to 13k
- notably there were more receivers of $PEPE than senders, reversing yesterday's reduction in unique holders

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 2/ $$$ Talk P1

@Meta is losing $Billions annually in revenue via @instagram reels, prob $100+ billion in market cap bc instagram reels is less monetizable than legacy insta

& yet Zuck prioritizes reels

bc he knows:

SHORT-ATTENTION SPAN ECONOMY

1/ Nostalgia

and how cards often end up representing a moment in time

Let's go back a couple decades & explore how Pokémon cards, catapulted a gameboy game's IP to new heights

and the parallels to The Memes by 6529

iykyk 2/ Game vs Cards

Many of us played Pokémon games as kids

but I know when I think of Pokémon, I think of 1999 Charizard 1st Edition

why ... bc it's simple. and I've seen it over and over, year after year, decade after decade

anyone who collected, knows this card

this meme

1/ Part 2 of mega 🧵series on why I bought 100 ETH of Meme Cards by 6529

Nostalgia

& how the evolution of Baseball cards can guide our understanding of the future of NFTs

From complex to simple and the power of memes 2/ Baseball Cards

Many NFT collectors caught the collector bug in sports, MTG, Pokemon cards & while in modern era we have a clear idea of what a card is

it took a while to get there

let's go back in time to the 1880s ... when the first major set appeared

1887 - Old Judge

1/ Much analysis went into my decision to buy 100 ETH of The Memes by 6529

Over the next couple weeks I will post my analysis in a mega 🧵series

Let's start with summer 2021 Art Block vibes 2/ Art Block Vibes P1

- My first big bet in NFTs was art blocks in June-July 2021
- stumbled upon it, dove into gen art, and was truly blown away
- people were buying cartoon pfps, but when people look back in 100 years ... art blocks curated will be collect - I thought

(1/7) Thesis QQL Mint Passes

- QQL mints become phenomenal over time, as billions of potential mints run
- Mint passes deflationary
- Minter becomes part of metadata
- Structure will be emulated, before/after moment
- Imagine university seminar, 100m seeds run 1 chosen at end (2/7) Economics P1

Floors
Mutant 15 ETH | Serum 34 ETH
RENGA 2.5 ETH | Black Box 4.9 ETH
CloneX 9 ETH | Mint Vial 16 ETH

~2x unknown vs known

QQL mint passes hold all future innovation of algo, they may trade even more premium than 2x over time

gm ☕️

(1/8)

After a year of pfp mania, ENS Digits came out of nowhere

people started changing their names on twitter to numbers

for example 008.eth (2/8)

Why'd it catch fire?

I think we all wanted a reset of legacy usernames

and to have a cross platform identity to build on

Just spoke with @DylanMeador

killer voice, deep af

69 $ENS Themed Auction Tomorrow Night

9:06 pm EST

0% fees

Dylan as Auctioneer

Friendly voice bidding
No reserve only

Bids start low

If you want your piece auction drop below

twitter.com/i/spaces/1eaKb… @DylanMeador Got our first $ENS digit for 69 Degen Auction

This clean 7d will be auctioned LIVE tomorrow night

0.069 ETH - No Reserve

(1/7) How to transfer a Bcard on OpenSea

OpenSea recently changed their ENS transfers and I received 15+ DMs about how to transfer now

Here's how:

On your Bcard, click the transfer icon (2/7)

(1/10) I am known for making big buys when I have high conviction:
- 008 for 20 ETH
- 005 for 50 ETH

Back then I had ~1k followers, now I have 4.4k & more influence

I made a big buy today, didn't want to cause people to FOMO - hence a fresh wallet.

🇮🇳1.eth

Let the FOMO begin

https://twitter.com/008_eth/status/1544390502879055879

(2/10) Why 🇮🇳1 ?
- India has 5th largest GDP
- ~1.4 billion people
- Many mega NFT collectors ($10m+ buys) are of Indian decent
- India has a vibrant crypto community, @0xPolygon was founded there
- Bullish on India's long term GDP growth

(1/10) Why I'm collecting 999 Passports:

- IRL I've traveled to 30+ countries
- Currently collecting at least 1 🇧🇷999 from each country I've visited IRL
- During the post-Covid era, international travel has been difficult
- Now I can visit newly forming meta-countries: 🇮🇸999 (2/10) Web 3 is about Identity
- The #999Passport allows us to build our identity to include the places we've traveled and are interested in
- Everyone has their $ENS, next people will add their origin (their pseudonymous personality's origin)
- We can immigrate on-chain

(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 (2/10) Low Transaction Fees
- ENS has no royalty fees on transactions
- OS charges their standard 2.5%
- Resulting in ENS having the lowest possible fees on OS
- Larva Labs charges 0% on punks, Yuga charges 2.5%, Art Blocks 5%, Azuki 5%, NFT Worlds 8.5%