.@rhett used ChatGPT to create a meme coin from scratch a few days ago

Naming, branding, coding the smart contract, crowdsourcing funds and launching…

It currently sits at a $31M market cap. pic.twitter.com/smoaYhPCpf

— Loopify 🧙‍♂️ (@Loopifyyy) May 3, 2023

FTX estate sold 890,000,000 SUI token warrants back to Mysten Labs for $96 million last month

It was chalked up as a win because Mysten was buying it back close to the $101m FTX paid

At SUI's current $12.8bn FDV, the tokens (8.9% of total supply) are worth ~$1.1 billion 😭😭😭…

— Tracy Wang (@0x_tracy) May 3, 2023

Yes, FDV is an inflated metric and this was meant to be a bit of a shitpost

but Mysten launching $SUI at $10bn+ FDV just three weeks after their sweetheart buyback deal with JJR is finalized is pretty chad

the devil works hard

but a venture-backed crypto project launching a…

— Tracy Wang (@0x_tracy) May 3, 2023

Looks like #SUI has allocated ~4% to MMs

400mm additional tokens added to the circulating supply

initial public circ is ~200mm due to OKX, Kucoin vesting

🤯🤯
75% of the circulating supply is held by MMs who need to sell to hedge their options
🤯🤯

⚠️Bid At Your Own Risk⚠️ pic.twitter.com/NNIipFuWVz

— Alex (@thiccythot_) May 3, 2023

66%

Sorry I can't do math

Source is here: https://t.co/RY2tL6cuAq

apparently it was only updated within the last 12 hours with the mm allocation

it should have been done much sooner but props to @binance for disclosing because nobody else wanted to

— Alex (@thiccythot_) May 3, 2023

Exclusive: the SUI official team requires the cooperative exchanges (Binance OKX Bybit KuCoin, etc.) not to launch the perpetual contract when the SUI token is launched. At present, the major exchanges temporarily meet this demand, and the launch of future may be delayed for a… https://t.co/2XGA75MmiV

— Wu Blockchain (@WuBlockchain) May 3, 2023

CZ: I personally never really understood meme coins. But if a coin has a lot of users trading it, wanting it, playing with it, etc., then we’ll most likely list it. If the coin only lasts for two weeks, then we probably won't.
Read more: https://t.co/UZX4PjQgWx

— Wu Blockchain (@WuBlockchain) May 3, 2023

Cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine. It is a mistake for the U.S. government to hobble the industry and drive innovation elsewhere. Biden’s proposed 30% tax on cryptocurrency mining is a bad idea. 🧵

— Robert F. Kennedy Jr (@RobertKennedyJr) May 3, 2023

BRICS is working on developing a “new currency” that will be presented at the organization’s upcoming summit. pic.twitter.com/S9muVPvYMe

— Wall Street Silver (@WallStreetSilv) May 3, 2023

.@rhett used ChatGPT to create a meme coin from scratch a few days ago

Naming, branding, coding the smart contract, crowdsourcing funds and launching…

It currently sits at a $31M market cap. pic.twitter.com/smoaYhPCpf

— Loopify 🧙‍♂️ (@Loopifyyy) May 3, 2023

FTX estate sold 890,000,000 SUI token warrants back to Mysten Labs for $96 million last month

It was chalked up as a win because Mysten was buying it back close to the $101m FTX paid

At SUI's current $12.8bn FDV, the tokens (8.9% of total supply) are worth ~$1.1 billion 😭😭😭…

— Tracy Wang (@0x_tracy) May 3, 2023

Yes, FDV is an inflated metric and this was meant to be a bit of a shitpost

but Mysten launching $SUI at $10bn+ FDV just three weeks after their sweetheart buyback deal with JJR is finalized is pretty chad

the devil works hard

but a venture-backed crypto project launching a…

— Tracy Wang (@0x_tracy) May 3, 2023

Looks like #SUI has allocated ~4% to MMs

400mm additional tokens added to the circulating supply

initial public circ is ~200mm due to OKX, Kucoin vesting

🤯🤯
75% of the circulating supply is held by MMs who need to sell to hedge their options
🤯🤯

⚠️Bid At Your Own Risk⚠️ pic.twitter.com/NNIipFuWVz

— Alex (@thiccythot_) May 3, 2023

66%

Sorry I can't do math

Source is here: https://t.co/RY2tL6cuAq

apparently it was only updated within the last 12 hours with the mm allocation

it should have been done much sooner but props to @binance for disclosing because nobody else wanted to

— Alex (@thiccythot_) May 3, 2023

Exclusive: the SUI official team requires the cooperative exchanges (Binance OKX Bybit KuCoin, etc.) not to launch the perpetual contract when the SUI token is launched. At present, the major exchanges temporarily meet this demand, and the launch of future may be delayed for a… https://t.co/2XGA75MmiV

— Wu Blockchain (@WuBlockchain) May 3, 2023

CZ: I personally never really understood meme coins. But if a coin has a lot of users trading it, wanting it, playing with it, etc., then we’ll most likely list it. If the coin only lasts for two weeks, then we probably won't.
Read more: https://t.co/UZX4PjQgWx

— Wu Blockchain (@WuBlockchain) May 3, 2023

Cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine. It is a mistake for the U.S. government to hobble the industry and drive innovation elsewhere. Biden’s proposed 30% tax on cryptocurrency mining is a bad idea. 🧵

— Robert F. Kennedy Jr (@RobertKennedyJr) May 3, 2023

BRICS is working on developing a “new currency” that will be presented at the organization’s upcoming summit. pic.twitter.com/S9muVPvYMe

— Wall Street Silver (@WallStreetSilv) May 3, 2023