UNCHAINED: Why Memecoins Have Been 2024's Most Profitable Crypto Trade: Ansem and Kelxyz

Memecoins have been the most profitable investment of the year, and these traders believe they still have a lot of potential. 

Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

In this episode of Unchained, memecoin traders Ansem and Kelxyz unpack everything about memecoins, discussing what makes them valuable and how they evaluate their investment potential. They also address the criticisms and controversies surrounding them, including racism and sexism. (They have a surprising reaction to the latter.) Ansem and Kel argue that memecoins have substance and value, largely due to their popularity and the attention they receive on the internet. 

They also discuss the importance of distribution and virality in the success of a memecoin, how the chain any coin is on affects its value, and give their opinions on Runes vs. BRC-20s vs. Solana and Ethereum. 

Plus, they talk about their wildest memecoin stories (think: Dogwifhat) and provide their insights on what they think memecoins will become in the future.

Show highlights:

Ansem’s and Kel’s investment thesis around memecoins How Ansem and Kel got into trading memecoins and how they evaluate their potentialWhy the coin distribution matters and whether tokenomics is important with memecoinsHow to discern between memecoins with genuine vs. fake interest How memecoins differ across blockchains such as Solana Ethereum and BitcoinAnsem and Kel’s responses to the criticisms of memecoinsWhether and how memecoins could become safer for users Kel and Ansem’s surprising reaction to racist and sexist memecoins Ansem's story on WIF and how a female friend of his fueled its popularity Whether Bitcoin is “the original memecoin" and how they define memecoinThe future of memecoins and how they believe all memes will become coins

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Guests: Ansem. Kelxyz

Links |

Culture:

What else could memecoins be? by Vitalik ButerinHow bad policy favors memes over matter by Chris Dixon Cointelegraph: Meme coins: Betrayal of crypto’s ideals… or its true purpose?CoinDesk: The Memecoin Grift and How It Threatens Ethereum Culture 

Investment:

CoinGecko: Top Crypto Narratives Gained 39% to 1313% in Q1 2024 Messari: Navigating Memecoin ManiaKelxyz investment strategyDecrypt: Crypto Influencer Ansem Explains His Meme Coin Thesis and Why He’s Bullish on Bitcoin Runes Unchained: What Is Dogwifhat (WIF) and Why Is It Up so Much? 

Safer memecoins

Unchained: Half of Solana Presale Tokens Rolled Out Between November and February Were Malicious: Blockaid StudyCointelegraph: 1 in 6 new Base meme coins are scams, 91% have vulnerabilitiesAndre Conje’s proposal

Racist memecoins

Unchained: Offensive Memecoins Proliferate on Solana, Sparking DebateCrypto news: Ethereum's Buterin slams Solana's racist meme coins, urges better projects

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Unchained Podcast is produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

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