$BONKers

Mooning meme coins, in this economy?

January 08, 2023

GM,

It has come to our attention that many of you don’t know that it costs zero eth to be in Boys Club and that we have a special members-only chat.

Apply here, say the newsletter sent you, and we can hang out all the time.

Lovingly,

The Boys

Writer: RachlolEditor: Deana 

$BONK. A Solana meme coin with Doge-like stylings was up 2,220% in value after being airdropped across the Solana community on December 25th. The hype cycle has also hit the Decentralized Exchanges, with platforms like Orca seeing $20M in volume for trading pairs involving $BONK this past week. The $SOL token also rallied some. All in, a (probably short-lived) glimmer of hope for the Solana community after a tough few weeks, with news of high-profile projects bridging out of the ecosystem following FTX contagion rumors.

New main character dropped. The #1 rule of crypto is never be the main character. Unfortunately for him, all eyes are on Barry Silbert rn as his long-time crypto empire DCG is imploding. This week, Facebook co-founders , Gemini co-founders Cameron & Tyler Winklevoss took to Twitter to ask for their depositors’ $900 million back. The issue at hand? The "yield" from Gemini Earn was coming from DCG subsidiary Genesis which maybe doesn't have the money anymore. This is the energy around DCG right now.

Mastercard in the Metaverse. How about some good news? Mastercard is launching a web3-focused incubator for emerging musical artists, built on the Polygon blockchain, to help up-and-coming creators tap into the power of the ~digital economy~. LFG. Mastercard will be providing access to experts and innovators in the web3 space that will guide artists on how to incorporate web3 into their work. TLDR, Mastercard is doing the Lord’s work in The Year of the Bear™.

Update On The Fallen Daddy Warbucks. This week SBF fought the US courts to gain access to “his” $450 million in Robinhood shares to pay for his mounting legal bills. Not surprisingly, all of that $HOOD was paid for by client funds. Reports say Alameda loaned $1Bill of customer funds to SBF who then bought Robinhood shares… and now he wants to use that same $$ to fight a lawsuit that accuses him of mishandling customer funds. Lol. The irony. The Audacity.