πππππ‘πππ’ π§β³οΈ retweeted
π¨ BREAKING: Hitler responds to Abstract news
πππππ‘πππ’ π§β³οΈ retweeted
Abstract is winding down.
Starting today, all of @IglooInc's focus will go towards taking Pudgy Penguins, Pudgy NFTs, and $PENGU to the next level.
When we acquired Frame in the summer of 2024, the vision was to build the blockchain for consumer crypto. Pudgy Penguins had shown us what it meant to reach the masses, and we believed we could bring that same approach to building a chain.
Abstract achieved a lot in a short period of time; we built the Portal and AGW, onboarded major global brands, amassed over 300 million transactions, and grew a vibrant onchain ecosystem.Β
The journey became stifled by the lack of a DeFi ecosystem, insufficient liquidity, minimal institutional cross-over, and prohibitively high costs that impeded growth in winning areas.
Unknown to most, Igloo, Inc. had been funding Abstract over the last 18 months.
After losing tens of millions of dollars over two years, building consumer products, assembling an all-star team, onboarding some of the biggest brands in the world, and building a community of millions, we still had not found product-market fit.
In combination with the market's reduced appetite for what we had built and not being able to find a scalable path forward, we could no longer justify taking from the Pudgy Penguins business.
Igloo, Inc. has always been a community-first company. Even after losing 8 figures, we could have launched a token or pursued an ICO.
Ultimately we decided against this. A token only works if there is something driving demand to it, and launching a token that we donβt have conviction in would have been a disservice to our community.
The entire team at Abstract has worked tirelessly with a tremendous amount of passion to make the consumer crypto vision come true. I cannot fault a single one of them for this outcome.
To the Abstract community, I want to thank all of you for sticking by our side on this long journey and for continuing to champion us. You supported us through all of the ups and downs, and I wish the result could have been different.
There will be many that will find satisfaction in seeing this shut down, and that is fine. I take a great amount of pride in having the ambition to venture into the chain business, notoriously one of the most difficult to make work, and the only regret I have is not being able to celebrate a win alongside the Abstract community.
As we wind down Abstract, our full focus shifts to making Pudgy Penguins into the global & cultural phenomenon I know it can become.Β
Return to Pudgy Penguins.
πππππ‘πππ’ π§β³οΈ retweeted
one of the most important signals i pay attention to when a project dips or experiences a sell-off is the holder growth
a lot of new holders rapidly coming in during sell-offs is a bullish signal, because it means there are a lot of people actively watching on the sidelines and waiting for an entry
a project's holder count reducing with sell-offs is bearish, however
the price of a token only goes up when there are more buyers than sellers, and it's natural for profit-taking to happen by some of the early holders at some point
if a lot of new buyers and holders keep stepping in every time there's a sell-off, it's almost always a smart idea to buy the dip
this is why i continue to post regular updates about USELESS coin's holder growth metric:
almost every time there's a large sell-off, hundreds or thousands of new holders step in to absorb the sell pressure, and days later the token makes a new ATH
at times, many who have been waiting for a dip to size in or increase their position get so spooked by how sudden and aggressive the dip is that they refuse to buyβonly to watch in frustration as the price makes new highs days later while they're sidelined
USELESS coin hit a new ATH of $420 million yesterday and is down 27% today
ordinarily, a 27% correction on an asset you think has a strong future screams buy
but sometimes it's not easy to press the button, which is why you look at the fundamentalsβe.g., holder growth
what does this look like for USELESS coin right now?
- 164 new hodlers in the past 4 hours
- 518 new holders in the past 12 hours
- 732 new holders in the past 24 hours
- 1,462 new holders in the past 3 days
- 2,888 new holders in the past week
these are very impressive numbers!
the holder growth chart also shows a very important detail: USELESS coin's holder count has consistently trended upward throughout this month
if i had to make a decision just based on the holder count, i'd say this is a buy!
another signal is smart money:
smart money and whales continue to accumulate USELESS coin aggressively on every dip
a combination of the holder signal + smart money metric shows that USELESS is not done yet
volume is yet another signal:
$USELESS has done $58 million in volume over the last 24 hours
for a memecoin not listed on any T1 CEX, this is very impressive
it's also worth noting that USELESS does an average of $40m - $60m in volume daily, with peak volume hitting $70m+
this sustained, consistently impressive volume shows very strong interest in the project
naturally, USELESS has had the most sustained parabolic rally of any memecoin this year, so there would be people taking profits at some point
however, i believe the fundamentals continue to consistently show that the market deems this to be the hottest memecoin to launch this yearβas well as one of the hottest to launch this cycle
billions and billions remain my target for USELESS coin
GOD WILLING
yet another ATH in the number of #USELESS coin holders!
holder count is now firmly above 27k, with 1,400+ holders added in the last 3 days alone:
- a lot of new holders continue to rapidly absorb large sells, improving token distribution
- volume continues to be strong both on-chain and on CEXs
- whales and smart money keep accumulating and aggressively buying dips
- core holders are either holding or increasing their stack regardless of short-term volatility β showing belief in the coinβs potential to hit multi-billions
- it finally broke out of the $250mβ$350m range it had consolidated in for almost a month, and now looks primed to full send
- USELESS continues to be the fastest horse at the slightest sign of strength in the market, making new ATHs almost daily
- itβs become a high-conviction play for many. itβs also just leaving a level $SPX, #FARTCOIN, $WIF and other top cycle plays consolidated in before hitting multi-billions
- the macro environment continues to look very primed for strong, lower-cap memecoins to pull aggressive pumps
i strongly believe USELESS is the next blue chip memecoin β and itβs being handed to you on a platter of gold!
πππππ‘πππ’ π§β³οΈ retweeted
We currently have $72,000 worth of $ANI to donate for listings, I will donate my own bags if necessary to secure the next stage of growth.
Definitely these listings and going to the next level isnβt cheap so I know that anything goes a long way, one thing no one can take away from us is weβre willing to donate our own money to help the community win. π«‘
πππππ‘πππ’ π§β³οΈ retweeted
The next 9 figure runner will be on @bonkfun.
will manifest it. π
πππππ‘πππ’ π§β³οΈ retweeted
I now own a total of 1% of $ANI using my *personal* money.
Will continue buying on any dips that occur.
Reason I like it:
Itβs Elonβs new flagship release, itβs memeable and it allowed grok to be #1 in Japan so I believe it has long term staying power.
Been a long time since Iβve sized into something and shared on the timeline, will share more of what Iβm buying overtime but it was due!
For those of you donβt know we donated over 7 figs towards Useless listings ( most havenβt been announced yet) and are also publicly buying tokens with 1% of our revenue each week!
πππππ‘πππ’ π§β³οΈ retweeted
Convince me this is not a billion dollar memecoin $uranus
πππππ‘πππ’ π§β³οΈ retweeted
π¨ $VINE is back in the Top 20 Solana memecoins by market cap!
πππππ‘πππ’ π§β³οΈ retweeted
We did it. 9,000 Angel Investors.
So many more to come - this is one of the metrics we need to focus on - distribution
πππππ‘πππ’ π§β³οΈ retweeted
Revealed my @finalbosuX .
Got a Frank Degods π₯².
Had to sell and buy another one's.
I just won 1.63k pts (+63%) on Β«Strategy (MSTR) Bitcoin purchases above 6,000 BTC this week (May 6 - May 12)?Β» prediction! myriad.markets/markets/stratβ¦
Holding a fat W from @gacha_game_ π°β¨
Your next bag is one scratch away. Thank you @AbstractChain !!































