$MEME coin coming in hot

Author

The Triple Scoop
July 11, 2023

The Triple Scoop

GM to 67 new readers who joined us since our last issue. Thanks to everyone who continues to support & share Scoop with Frenzz..

SCOOPS OF THE WEEK 

⛓️ NFT’s

  • Ordinals To The Top

  • Ether Launch Struggles

  • Gutter Cat Gang Hack

👨‍💻 WEB3

  • Starbucks Oddesy x Micah Jordan Aku Partnership

  • Is Threads A Genuine Competitor To Crypto Twitter?

  • Q3 Web3 Theft Stands At $313 Million

🪙 CRYPTO

  • Is The Crypto Custody Market Set To Explode?

  • The UK doesn’t like Bitcoin ATMs

  • Brazil’s CBDC program could freeze & delete users’ balances?!

  • Bitcoin: Research Suggests - ‘Get off Zero’

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🍦$MEME COIN IS COMING

Could Memeland NFT holders 20X their initial allocation?

Memeland has announced their highly anticipated $MEME token allocation known as ‘Fire Sale’. Fire Sale ayyy… are they suggesting it’s cheap & it could Moon? That messaging would certainly suit the Meme vibe.

We always say Don’t fade a Meme. Meme coins have literally printed millionaires, we have seen it with $DOGE, $SHIB and recently $PEPE.

it is probably fair to say you can’t get more MEMEish than the $MEME token itself from Memeland.

But will the $MEME token be profitable for those who are whitelisted and have an allocation to the presale?

Let’s find out…

The Max supply of $MEME will be $69,000,000,000. Class.

Per allowlist, users will be able to contribute a maximum of 0.69ETH to the presale.

Below shows the number of allowlist spots available per NFT held in the Memeland Ecosystem.

We next look to this tweet from ‘The Great Talos’, who has suggested that if every holder used just 0.4ETH of their allocation ($750) which seems reasonable given that they are a bluechip NFT community, then the $MEME token would have a starting market cap following the sale of around $12M.

Should the token rally in price action, he has suggested 500M, then the initial $750 would turn into $31K.

Whilst we like to be optimistic, we feel a $500M market cap could be too steep initially, and would rather suggest a $200M market cap is more achievable. Still, this delivers a nearly 20X based on the maths above, which would be an absolute result.

Time will tell and it will be fun to look back on this prediction.

If you don’t have the allocation for $MEME token presale, you better get holds hold of a friend with a Captainz NFT that has a spare.

But fear not, following the launch you will be able to buy the token on exchanges.

Let the MEME games begin.

⛓️ NFT’s

  • NFT Total Market Cap $6.08B - 24/hour change +1.78%

  • Volume Traded 24/hours - $13.2M +17.42

  • Overall Sentiment is still on the downside in NFT land, but we move.

  • The notable winners over the past 7 days have been:

  • Terraforms by Mathcastles +62%

  • Mutant Hounds +50%

  • Otherside Vessels +27%

  • DeGods +16%

  • Azuki Elementals +14.5%

  • Overall, price action has been ok over the last 7 days. Nothing earth shattering but it has certainly recovered.

  • We are still confident that a change in market dynamics may be upon us in the near future.

  • This will lead to new categories, trends & Ideas to get our teeth stuck into.

  • As said, this market is a stickler for shiny new object syndrome.

Whales Are Scooping up:

🍦SCOOP PREMIUM IS COMING

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Dont worry! Nothing changes for our free readers, but for those who are interested in extra sprinkles & a cherry on top for less than the cost of an ice cream per letter, you can expect scoops of the following additional content

  • Regular In-depth review of pre-launch projects

  • NFT & Crypto Trends Predictions

  • Undervalued NFT projects picks.

  • Undervalued Crypto ALT coin picks

⛓️ NFTs

At a glance 🔎 

  • Data from Crypto Slam suggests Ordinals are on the brink of overtaking Ethereum in the NFT Market wars.

  • Momentum is with Ordinals as they have achieved 129.5% growth in sales & active buyers as well as 10% of the buyer market.

  • Ethereum remains on top for now with sales over $24m.

    🕵️ Scoops take:

They were our weekly winner for posting unbelievable stats for Q2 of the year. Their rise from $7.18m of trading to $210m in trading volume is remarkable given the market conditions.

We are seeing a lot of the big hitters move over to Ordinals so the ascendancy clearly lies in all things Bitcoin.

Ever since they overtook Solana cementing 2nd place, they have only looked up and now they are reaping the rewards.

At a glance 🔎

  • The much-anticipated launch of Ether took place last week

  • The initial mint price was set at 1 ETH but backlash saw this lowered to 0.65 ETH

  • The launch was not a success with the whitelist mint having a much lower demand than expected causing the supply to be cut from 10k to 5.5k

  • 3678 were left for public sale which again didn’t go to plan so the mint was paused.

  • A total of 2075 have been minted

    🕵️ Scoops take:

The team took the tough decision of pretty much abandoning the initial launch.

Red flags appear when you hit one of the two criteria, never mind both, which are reducing the collection and pausing the mint.

When one or both of the above occur, the space is onto you like a flash, FUD inevitably comes and the project is then on a massive upward struggle.

Given the current market conditions, it was fairly obvious that it would struggle to sell out at the price, especially with the lack of value on offer.

In circumstances such as this, projects need to lower the price drastically and create demand instead of pricing investors out.

The floor dropped down to 0.59 ETH but has steadily increased back to the mint price level.

At a glance 🔎 

  • The project’s Twitter was hacked and promoted a fake airdrop to over 124k users.

  • The phishing attack has led to stolen of losses in the region of $750k.

  • 87 NFTs were stolen from 16 users which included a Bored Ape which was previously sold for $125k

  • The project is now back in control of its Twitter page and announced they are working with law enforcement as well as taking steps to prevent another attack.

    🕵️ Scoops take:

It’s hard to blame those that have been affected by this, an official tweet came from the project relating to a legitimate drop released at the end of June.

The level of sophistication that is going into these attacks is getting crazy so our only advice would be to check the links for any suspicion and use Twitter / Discord as your friend. Even if the official links have been hacked, word spreads quickly so you can quickly gauge when to avoid them.

The last thing you should be doing is immediately connecting to any link without some form of search.

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THREAD OF THE WEEK

Lamboland is always delivering high-quality content, Ideas & curated information around the Web3 industry.

This week we explore the most painful moments in Web3 history

🌐 WEB3

At a glance 🔎

  • Starbucks' Web3 loyalty program, Odyssey, has partnered with the Aku NFT collection for its next digital collectible Stamp, which will be available from July 17 until August 13, 2023.

  • The Aku collection, created by former Major League Baseball player Micah Johnson, is focused on inspiring children to dream big. The new "Aku Adventure" Journey will allow Odyssey members to embark on a mission with Aku.

  • As part of the collaboration, Starbucks will donate $100,000 to Blessings in a Backpack, a non-profit organization that combats food insecurity among children.

🕵️ Scoops take:

Starbucks' partnership with Aku NFT, a project focused on empowerment and big dreams, marks a new stride in blending loyalty programs, NFTs, and corporate social responsibility. This collaboration expands the boundaries of customer engagement, demonstrating that the web3 space is about more than just digital innovation - it's a unique platform for storytelling, community building, and philanthropy. With a $100,000 donation to Blessings in a Backpack, Starbucks shows how web3 can foster deeper connections with customers while making a real-world impact. This venture is a testament to the potential of web3 to reshape not just business, but societal contributions.

At a glance 🔎

  • Instagram's new social sharing platform, Threads, aims to rival Twitter's features and content, with more than 30 million sign-ups in the first 24 hours after launch.

  • The Web3 community, which includes many metaverse and crypto enthusiasts, primarily communicates via Twitter, creating debates about whether this community will transition to Threads.

  • Twitter's popularity has been on a decline since Elon Musk's acquisition, leading to speculation about whether Threads will disrupt the Web3 ecosystem, which is currently heavily reliant on Twitter.

🕵️ Scoops take:

Fair to say Zuck must be absolutely buzzing with the launch of Threads, seeing over 100 million downloads in less than a week, making it the fastest-growing app, ever. Instagram's new social sharing platform, presents a promising alternative hub for the Web3 community. Its surge in sign-ups is a testament to the digital world's readiness for fresh platforms that embrace future-forward trends. The debate about a potential shift from Twitter to Threads suggests an exciting evolution within the Web3 ecosystem. Despite the uncertainty, the introduction of Threads is a significant step, emphasizing the need for social platforms to continuously innovate and adapt to the growing influence of Web3, metaverse, and crypto enthusiasts. It'll be fascinating to see how this affects Twitter's standing and how the Web3 community navigates these options.

At a glance 🔎

  • Certik's Web3 security report for Q2 2023 reveals that over $313 million was stolen in crypto projects, with 212 cases of security breaches leading to an average loss per case of $1.4 million.

  • Binance's BNB Chain was the most targeted platform with 119 cases of hacking, flash loans, and theft, leading to about $70.7 million in losses. Ethereum and other big losers included layer 2 projects Arbitrum, Avalanche, and Polygon, and cross-chain solution MultiChain.

  • The report also highlights specific vulnerabilities in protocols like ZenGo MPC wallet and Sui validator nodes and discusses the SEC's ongoing scrutiny of the blockchain space. Despite a decline in attacks compared to the previous year, the losses are still considerably high.

    🕵️ Scoops take:

As staggering as Certik's report of $313 million stolen in Q2 2023 may sound, it shows progress in tightening Web3 security. A noticeable drop from $745 million stolen in Q2 2022 is a clear indication that security measures are improving, albeit incrementally. Continued investment in blockchain security technologies and vigilance is paramount. Platforms like BNB Chain and Ethereum, experiencing significant losses, must continue advancing their security protocols. As Web3 becomes more mainstream, we must remember that security evolution is part of the maturation process of any revolutionary technology. So, let's keep innovating, but vigilantly and responsibly.

🪙 CRYPTO CRUNCH

Interested in learning to trade? Click below to join our affiliated Crypto & Forex trading Discord group - The Take Prophet Collective

  • Crypto Total Market Cap $1.18T - 24/hour change +0.79%

  • Volume Traded 24/hours - $41.11B +29.27

  • Still waiting for a slight dip below $30K region for Bitcoin, but other than that the idea remains consistent with last week.

  • Overall we are macro-bullish for crypto, the ecosystem is more diverse than ever, with some of the biggest institutions in the world wailing in.

  • We are Just hovering around the $30.4K mark for $BTC, but a retracement to the $28-29K region is anticipated.

  • Following a dip to those levels, sights are then set on breaking upwards to the $32.5K.

  • Alts will then have a tasty run-up, and interestingly it looks like the Total Crypto Market Cap chart looks on the verge of a breakout.

  • As anticipated we are witnessing some sideways chop for now.

  • If you are investing, stay cautious, and await clear direction if you are looking for an entry.

    Crypto narratives to focus on this summer

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😡 THE REKT SECTION 😡

Shin

He is not as well known as Do Kwon, maybe due to not being on the run for so long, but Daniel Shin, for those that are not aware, was a co-founder of Terra.

It has been revealed that trial preparations are underway in South Korea with the prosecution advising that they deceived investors and manipulated the price of tokens profiting more than $354m.

Shin’s activities also include selling $118m worth of LUNA right before the crash as well as setting up companies to illicitly profit from investor funds.

We can’t say this news upset us given the damage it caused to duped investors.

🏆 WEEKLY WINNER 🏆

Azuki Beanz

It’s fairly straightforward that when a highly-popular project that is seen as a Blue-Chip hits the rocks and the floor tumbles, an opportunity to make some decent profit emerges.

That is exactly what happened with the Azuki Beanz.

Over the last 7 days, the maximum profit opportunity that presented itself was 0.75 ETH per ‘Bean’.

Many investors managed to make some decent profit on the Beanz with one investor who purchased 3 and timed their entry and exit perfectly profiting just under $4k.

Sales are down over the last 7 days but the floor price is up 44% (it has retraced slightly) again, it goes to show that despite the conditions there are plenty of good profiting opportunities out there.

And that's a wrap for today gang!

Love and sprinkles as always, catch you back here soon for the latest

~ Scoop~

How did we do?
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The Triple Scoop newsletter & podcast is not financial advice, it is provided for educational, informational, and entertainment purposes only.