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The Luckiest PEPE Dude
It’s the 10th edition of Gems Corner. Today’s edition highlights the PEPE madness, Binance MVBs, Crypto Hacks Landscape, and more.
Enjoy the gems.
Some say the meme narrative is back.
While others say, it’s an introduction to the bull market.
Well, it’s okay to wonder, as the Pepe the Frog meme token surprised the market this week. It was surprising as PEPE morphed into the sixth-largest meme coin a few days after launch.
Currently valued at over $116 million, PEPE did about 500x and has been trending on the Crypto Twitter of multiple countries.
And it’s not just the PEPE token that pumped recently, Wojak token was pumping as well. But that’s not the catch.
The catch is about a guy that LoookonChain described as the luckiest guy. He’s lucky because he spent 0.125 $ETH to buy 5.9T $PEPE, and if he sells at the current market price, he’ll make a profit of about $1.14 million.
In hindsight, we can call him lucky, but in reality, he’s brave. In a bear market, buying meme tokens takes a lot of balls. And also he has a deeper understanding of the market terrain. Fortune favours the brave!
Binance to Launch Out 12 Projects
Recently, Binance announced 12 projects as finalists for the Most Valuable Builder (MVB) accelerator.
These projects qualified out of the over 1500 project applicants. What makes this interesting is that at the end of the program, Binance Labs will decide on the projects to invest in based on their performance throughout the program.
The Projects are:
Kinza - Lending protocol
Hinkal Protocol - Privacy SDK
KiloEx - Prep DEX
Cashmere Labs - Cross-chain aggregator
EthosX - Derivatives platform
AltLayer - Multichain rollups
ZKCross - Multichain ZK-Rollup
HIM - Game with SBT capability
Sparkle - Astrology lifestyle app
Masa Finance - SDK that mints SBTs
Slise - Web3-native programmatic ad platform
xBank - Credit protocol
Binance incubator is an under-valued place for finding alpha projects. Don’t fade these upcoming unicorns. Add ‘em to your watchlist.
Tweet of the Day
Lesson: Don’t just be a threadoor, reader, commenter, tweet-liker, or critic. But ensure you get involved. Crypto only rewards active participation.
The State of Crypto Hacks
In March 2023 Q1, crypto hacks resulted in a loss of about $235.2 million.
That said, there’s a greater need for self-custody and protecting your crypto funds.
Always revoke your wallet permissions and be mindful of the links you interact with on other platforms. Stay SAFU.
Apple Card’s new high-yield Savings account is now available, offering a 4.15 percent APY - link
FTX has a $250M offer from Tribe Capital to restart exchange - link
An Introduction to Gosleep: An Innovative Sleep-to-Earn Project - link
a16z Crypto unveiled a Layer 2 solution called Magi - link
Arthur Hayes on Exit Liquidity - link
An Intro to Good Games Guild’s Launchpad “Arbipad” - link
Here’s the list of a few meme tokens launching this week - link
NB: Apologies, this edition came late. It’s usually delivered on Fridays.
Thanks for reading!
Until next Friday,