onchain retweeted
Insentos is up $300K on his $MEME trade as Kimchi keeps blasting buys
"I'm literally up $300K, Kimchi's blasting my coin this is insane"
Insentos is up $250K on $MEME after Kimchi bought in
"Holy shit, Kimchi just bought! Oh my God, I'm up $250K here! Bro, I'm literally up $250K on a single trade because Kimchi just bought, bro. What the hell?"
onchain retweeted
$HIMS CLOSED AT $28.75 LAST FRIDAY
MEANWHILE, ITS STOCK TOKEN HIT $132 THIS WEEKEND ON ROBINHOOD CHAIN 😳
... because of a memecoin called $BONER
FULL INTERVIEW
🚨 WARNING: This is not a typical Hims House podcast! I wanted to do this interview because what happened on Robinhood Chain this weekend directly affected $HIMS -- and I think Hims investors should at minimum understand what happened.
I sat down wit @econoar, an Ethereum OG and the world's largest $BONER holder, and @YoniCombinator, co-founder of @longdotxyz
My main question was the one I think most Hims investors will have: if you like Hims, why buy $BONER instead of $HIMS or the $HIMS stock token?
We also get into the mechanism that triggered the spike this weekend, whether this sort of thing could happen again, and why Eric believes every major stock will eventually have a memecoin community.
01:27 - Why should Hims investors care?
03:35 - 12K Boner holders in five days
06:00 - Why buy Boner instead of the stock token
14:31 - 99% of meme coins go to zero
19:00 - Open pairing: Boner <> Hims
22:27 - $132 on chain vs $28.75 on the NYSE
26:44 - Could this trigger a short squeeze?
34:06 - Has anyone at Hims called?
36:25 - Every major stock gets a meme coin community
Not financial, legal, or medical advice
onchain retweeted
My hot take is that companies are going to openly embrace stock backed meme communities
Imagine you're a company ($HIMS?) with very little community and fanfare. Now all of a sudden, a severely autistic online community with interest in your stock going up shows up
Why not?
onchain retweeted
Grand mfs just piss me off man what u mean was watching spider man and I’m up $200k
These ninjas up $5M this week!????
onchain retweeted
i’m back, doxxed content arc
lifestyle: instagram.com/dimeluver
crypto: tiktok.com/@rowdycrypto
onchain retweeted
During Consensus, I was asked several times about the story of ethereum:0xf280b16ef293d8e534e370794ef26bf312694126 as far as we were aware. Many people were pleasantly surprised by how we managed to exit our position without damaging the community. This is the summary.
When we set up the process for accepting crypto donations at @stjude, we set the criteria that we would convert the assets donated as soon as reasonably possible. St. Jude Children's Research Hospital is focused on leading the way that the world understands, treats, and defeats childhood cancer and other life-threatening diseases. While we (the crypto industry) may wish the world would leap forward and be more on-chain, that isn't how it currently exists and we need dollar denoted currencies to run the hospital.
Nearly 2 years ago, .5% of ASTEROID was sent to the St. Jude ETH wallet. We didn't have a way to readily convert it into US Dollars, so we left it in the wallet.
Due to external factors, the token went from a market cap of ~$20k to over $150M. Our position fluctuated between $500k and $1M in valuation. I had several messages asking if what we were going to do, and I responded to a few that we were figuring it out.
The next 48 hours were a whirlwind of approvals, but I knew two things. We would need to go to a DEX (a first for our mission) and that we would need to avoid hurting the community. Leadership understood and gave approval for the approach and we proceeded.
Some people may disagree with how we did it, but I believe it to be the best option out of the ones that we had. Over 2 days, we proceeded to exit the position in 12 varying sized tranches. During the entire process, we kept an eye on liquidity of the token and did our best to ensure it never dropped below $3.5M and that the Net Buy pressure didn't exceed $75k.
We exited the position with over 290 ETH valued at ~$676k. Thank you to the ethereum:0xf280b16ef293d8e534e370794ef26bf312694126 community that came together on this asset. These monies will go a long way in support of the life saving mission of St. Jude.
Disclaimer: Discussion of a token is not an endorsement of the token, do your own research. Opinions expressed are solely my own and do not express the views or opinions of my employer. For media outlets, please reach out directly.