There's some guy called ANSEM on twitter, so he recently launched a meme coin on PUMPFUN called $ANSEM. He's got around 2M followers on twitter and averages about 20k$ in twitter earnings in a month.
So he grew his Twitter account by being a paid shill or a hype man. He started his crypto journey in 2020 (so I understand why he doesn't know so much about how crypto cycle works) and he's mostly just the guy who get paid to shill coins.
At some point getting became really notorious for allegedly shilling scam coin and dumps. But he got super rich from these gigs, got a lot of crazy influence from them and decided to launch his own meme coin by giving away $200k worth of the token.
I think he's so rich that he's got a lot of people who bull posts him like crazy.
Everywhere on twitter you see someone who is bull posting him. Some of these guys even go ahead to mob anyone who raises concerns about the meme coin or asks about his questionable past, and once in a while be does a generous giveaway to his most loyal shillers.
His meme coin is currently the number one traded coin on PUMPFUN and some of his shillers gets so cocky sometimes by saying he's the one who's been responsible for pumping BTC or making BTC pump.
Obviously a lot of these shills feels honestly questionable, cuz him and coin is just 0.001% of what makes up crypto, but they're selling the narrative that the token might be the next BTC or some other useless shilling simply because they want to get people to to keep buying it.
It's been laughable watching them hype the hell of out the coin even when the likes of HYPE and BNB are there, but then I forgot something: the hype and the shilling is how a meme coin gets to keep staying relevant.
They keep posting screenshots of people who turned $5 to $50k and baiting people to come in and buy, but if perhaps this wasn't a meme coin, maybe, just maybe I'd have said they've done the most intellectual aggressive advertising I've ever seen in that crypto market, because what better way to have about 200 to 300 people with a blue tick verification shilling a coin endlessly and also to the right audience too.
It's genius, it's absolutely mind-blowing, but it's also a way to get people to buy into a meme without much credibility or history of negative and position price action, and them talking about how the current temporary pump we're seeing is the bull run is the most gullible and horrible thing ever, but then I also remember that you cannot convince people enough to buy a token, if you've never sugarcoated the whole thing.
But then, coins and projects like this is definitely one of the reasons why we're in this current market situation.
I agree that they're doing some fine marketing, but when a new meme coin begins to see itself as replacing BTC, then that's one major red flag. However, I want to actually see their reaction when the pump completely disappears and the token is back to where it was after it was launched.
I actually agree that a lot of better coin and projects needs to do better shilling even more than solid projects. While I think the coin is only being bought because of the endless shilling, we have that agree shilling is the blueprint and framework to putting your coin in the faces of people.
Inasmuch as I think this meme will crash hard, and people will lose money, but I try to pay homage when I see a great paid shill that's actually yielding the desired result.
Another problem is also understanding that this guy obviously doesn't understand Crypto and isn't a builder, but he just launched a meme coin that's definitely extracting from real, which correlates with the idea that the launchers and builders in the crypto space aren't they same as we had them in 2021
