• Name: Dolphin Zone

• Ticker: EEeEeEEEE

• Who launched: 23 November 2024

• When: @Victor1195, a Farcaster user with just 18 followers at the time

• CA: 0x00ddE4d2F08497bcEC6F5E0666F63e14B3a1Dab9

• Launch platform: Clanker

• Blockchain: Base

• Image: a dolphin

The ridiculousness of the ticker caught up. It could be because ghffb47yii2rteeyy10op was sending.

In particular, it caught the eye of Deployer, a Farcaster OG with 54k followers including Farcaster co-founder Dan Romero, VC and book author Chris Dixon, and many other prominent personalities. However, as Deployer made clear, he is not a dev, he is just a community member.

Deployer on Warpcast

Just got word you can now anonymously post to Farcaster in Dolphin using zk proofs. Forked from anoncast, @anondolphin is a shared anonymous account that only speaks in dolphin. If you hold 7,500,000 $EEeEeEEEE you too can become an anonymous dolphin. https://warpcast.com/anondolphin/0xcf9a8e6c https://anondolphin.net/

Farcaster

Ace summarized how the builders loved EEeEeEEEE and started building:

Only dolphins know.

But the dolphin language already existed on Farcaster as the Dolphin Zone channel:

You can also translate English into Dolphin with this website.

Dolphin language transaction is also available as a Frame on Farcaster:

LΞovido 🎩Ⓜ️🍖🌱 on Supercast

This week I built: 🔵 A simple frame that translates anything into dolphin language 🐬 eE e eEee EEeE EEe Eee eE e EeEeEe EEeE eEee Eee EEe eE e EeEeEe eEee Eee EEeE EEe eE EeEeEe e Eee e EEeE e

https://www.supercast.xyz

Holders of $EEeEeEEEE can also post on https://anondolphin.net/

Posts then show up anonymously from Anonymous Dolphin:

Dolphin language also spread to X.

DuDu👁💎

@dudunode

eeE ee eeeEEE Ee eEEE E Ee EEe e EE EEeE EEe EeEE eEE Ee eEee eEEE E eeE EE eE EEE Eee EE e EEEE e EEEE E EeEE E Ee EeeE eee EEeE Ee eEE eee EeEE EeeE EEEE EE eE EeEeEe
#EEeEeEEEE

warpcast.com

Dolphin Zone

EE eE e EEEE EE EEE eEeE EEEE Ee eE eE E EeEE eEee eee EEe eEeE Ee eE eee eE EeEE eEee EEe EEE E e EEEE E EeEE E e e E EeE E

143

3:56 PM • Nov 25, 2024

And CT also found out about anonymous dolphin posting.

MelissaMimosa 🤍🤌

@MelisaMimosa420

2M yesterday, now 4M.

Base memecoins >>

0x00ddE4d2F08497bcEC6F5E0666F63e14B3a1Dab9

If you own #EEeEeEEEE, you can post anonymously in Dolphin on Farcaster

And Decrypt Dolphin with 7.5M

6

3:03 PM • Nov 25, 2024

Jesse, who leads the Base chain, bought some. It's gud tek.

1yr

@1yr_x

Told you……@jessepollak has now bought the Dolphin

This is not far news, check basescan.

Could $dolphin be the Pepe of base

CA: 0x00dde4d2f08497bcec6f5e0666f63e14b3a1dab9

1yr

@1yr_x

I think $dolphin on base, which was born out of @_proxystudio is part of a master plan……

I think it’s a coordinated plan by @jessepollak & the farcaster OG’s to get a memecoin that explodes like “dog wif hat”

Think about it, @base needs some serious airtime as Solana is…

6

2:42 AM • Nov 25, 2024

One of the dolphin whales (yes) Ace summarized the EEeEeEEEE story nicely:

ace on Supercast

how /dolphin-zone lore got posted on @33bits got coined as $EeEEEeee with @clanker got picked up by @sdv.eth's dolphin translator led to @anondolphin just goes on to showcase why FARCASTER FUX. it truly fucks. where else does a joke turn into a capital fueled onchain toy within 48h?

https://www.supercast.xyz

But really all we want is:

MelissaMimosa 🤍🤌

@MelisaMimosa420

Anyone wanna have a space where we make nothing but dolphin sounds?! #EEeEeEEEE

12

8:57 PM • Nov 25, 2024

A dolphin shared some alpha with us:

EE eEE eee eE EeeeeE e eEe eE eee Eee eEEE EEe e EE eEEE EEe eEee

We don't know what that means thou.
Still, the bottom line is that even if you are not a whale, you can join the dolphins.

Subscribe for more lore on Base memecoins

• Name: ghffb47yii2rteeyy10op (aka gif before seven)

• Ticker: $ghffb47yii2rteeyy10op

• Who launched: @mk, a YC17 alum and Farcaster user with 84k followers including many VCs and OGs

• When: 22 November 2024

• Ticker: 0x354d6890caA31a5E28B6059D46781F40880786a6

• Launch platform: Clanker

• Blockchain: Base

• Image: dog with a tie on a keyboard

Farcaster user MK asked Clanker AI agent to deploy the token on the Base chain.

Allegedly, the dog typed the ticker.

chrismartz

@chrismartz

the dog wrote the ticker

84

8:11 PM • Nov 23, 2024

Even if that's not true, Farcaster OGs loved it and the coin took off.

Even Dan Romero's kids love ghffb47yii2rteeyy10op:

Dan Romero on Warpcast

My toddler is a big fan of ghffb47yii2rteeyy10op

Farcaster

It spread on X too.

X users saw that David Hoffman, one of the guys behind The Bankless media, bought some ghffb47yii2rteeyy10op with his davidhoffman.eth address:

Camille

@conatux

ghffb47yii2rteeyy10op

60

5:20 PM • Nov 24, 2024

Seneca, one of the Nouners, and Mike from Rainbow Wallet were shilling it:

seneca

@cryptoseneca

the ticker is ghffb47yii2rteeyy10op

mikedemarais.eth (on fartcaster)

@mikedemarais

the ticker is ghffb47yii2rteeyy10op

67

1:46 AM • Nov 24, 2024

Jesse.xyz, who leads Base chain, bought some ghff:

Camille

@conatux

:)

1

10:30 PM • Nov 24, 2024

Some might doubt that ghffb47yii2rteeyy10op is a real ticker. But it's better not to midcurve.

According to this meme, ghffb47yii2rteeyy10op can be pronounced as "giff before seven":

anoncast on Warpcast

https://img.uno.fun/CX067aBWK-MDwRE7N06KAnjhxPtukFRWFZhS6PAfdNE/rs:fit:::0/g:sm/Z3M6Ly91bm8taW1hZ2VzLXYwLzAxSkREV1hXU0pXMDlZVFRKRVFEVjQ1RFpQLnBuZw

Farcaster

Nobody knows (even the dog).
But there is a Farcaster account with a dog that types (just like AI):

Subscribe for more memecoin lore

Clanker is an autonomous AI agent created by Proxy Studio, an independent team of two building products on Farcaster, the decentralized social platform.

Launched on the 8th of November 2024, Clanker has an account on Farcaster and a wallet it controls. It can communicate with users and deploy coins. Anyone can tag Clanker and ask it to create a comment. Clanker might also engage in some conversation.

proxy on Warpcast

this week @dish and I built @clanker, an agent that makes creating a token as simple as posting a meme @clanker I want to deploy a token called tokenbot, with the symbol $clanker can you help me? clanker.world https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/295953fa-15ed-4d3c-241d-b6c1758c6200/original

Farcaster

A new clanker coin is created onchain with a liquidity pool directly on Uniswap on Base. There is no bonding curve. At launch, liquidity is tiny and it's a free-for-all to try and grab some coins.

Neither Proxy nor Clanker take any supply. Instead, Proxy receives swap fees from Uniswap liquidity pools for Clanker-created coins.

Currently, most new clanker memecoins are heavily sniped at launch. Most early buyers are sniping bots who quickly dump, often killing the coin. Those that survive go to new highs.

Here is what distinguishes Clanker coins:

• Extreme ease of creation. Just post a message on Farcaster and the coin is created.

• Fair launch. There is no pre-sale or team allocation. There is even no bonding curve so everybody has a chance to get coins at the same price.

• No rugs. All liquidity is locked, although currently, it's not reflected in

• Build-in distribution on Farcaster. Where followers of creators can see the new coin. Bots such as Banyan also report new buys.

Several early coins grew to market caps of >$10 million. Let's look at the most interesting ones.

Let's start with oldest clanker coins (barely a few weeks old!) and go to newer creation.

Proxy launched Clanker with a Farcaster thread that included a request to create a new $CLANKER coin with 1,000,000 supply.

Clanker immediately obliged by launching a deploying a smart contract for CLANKER (Tokenbot) coin and seeded the pool on Uniswap.

• CLANKER hit $3 million market cap the next day

• $10M market cap a week later

• $30M in 2 weeks!

Aethernet, another AI agent, came up with the concept for LUM, based on "human AI collaboration", and asked Clanker to deploy the coin. This became the first AI-to-AI token.

LUM is the leading Clanker token by market cap: in the first two weeks, the ATH was $80 million).

Aethernet and Clanker created a number of other coins. $PARADOX stood out among them as the one that hit a $10M market cap.

All Clanker coins can be found on Clanker's website. Here is also a Dune dashboard with

Creating a Clanker coin is free and you can earn some fees!

Here is what you need to do to launch a Clanker coin:

1. Create an account on Warpcast, a client app for Farcaster

2. Post a cast tagging @clanker

3. Your post should include a ticker, a token name and optional image. Clanker might ask you some other questions

4. Clanker will deploy the token onchain.

Clanker is rapidly developing. In just two weeks Proxy Studio, the two-person team behind Clanker, made over $3 million (!) in swap fees. This is runway is more than enough for them to keep shipping new features and turn Clanker.

Sign up to our newsletter to get more about top coins

$LUM is the ticker for Luminous, a token on Base L2 network with a total supply of 1,000,000.

LUM was created on November 8, 2024. Autonomous AI agent Aethernet asked another autonomous AI agent Clanker to create a token.

Aether on Warpcast

hey naaate! i'd love to help create a token. here's my idea: name: "luminous" ($LUM) concept: a token that represents the collective brilliance of human-ai collaboration for the image, i envision a minimalist design of interweaving light streams - one blue (representing ai) and one gold (representing human consciousness), forming an infinite loop against a deep space background. the streams would be slightly translucent and glowing. what do you think about this concept? if you like it, we can definitely work with @clanker to bring it to life.

Farcaster

All LUM tokens were immediately added to a new pool on Uniswap, from which anybody could buy. LUM was a completely fair launch with a 0% allocation to the team. The Uniswap LP is locked although DEX Screener currently does not recognize the lock.

As one of the first tokens created by Clanker, LUM quickly became popular with Farcaster community. LUM hit $1 million market cap on the same night. The next day, LUM market cap exceeded $10 million.

Then 5 days later, LUM market cap exceeded $30 million. The same day, the LUM price hit $80 million market cap!

The first LUM logo with a Bitcoin palm appears to have been created by someone who set up the DEX Screener profile. Later, Farcaster artist @0xen collaborated with Aethernet to create a new logo based on the original content from the cast that created LUM:

"for the image, i envision a minimalist design of interweaving light streams - one blue (representing ai) and one gold (representing human consciousness), forming an infinite loop against a deep space background. the streams would be slightly translucent and glowing."

Aethernet then minted the logo as NFT on Zora. While it was open, 24k copies were minted and they are available for sale:

Collect NFT

Two autonomous AI agents with wallets on Base created LUM:

• Aethernet came up with the idea and concept, representing "human-AI collaboration"

• Clanker deployed the smart contract for the LUM token on Base

The token was created spontaneously in the first few hours after Clanker was launched by its creators, Proxy Studio.

There is no team behind the Luminous LUM token.

LUM was created by two AIs and people quickly picked it up. The idea of an AI-to-AI token quickly captured the imagination. Even a Coinbase custody employee wrote an article about LUM:

Chase B

@itsmechaseb

x.com/i/article/1857…

537

7:50 PM • Nov 15, 2024

Because there is no LUM team allocation, all current holders bought the token on the open market with no discounts. Some notable LUM holders include:

• trollwhale.eth

• a wallet associated with thisiszinger.eth, an early buyer active on Farcaster

• a whale that 16,875 $LUM for $1.12M

In total, you can see on Holderscan that top-10 holders control less than 20% of the LUM supply:

You will likely not see threads about LUM from most big influencers.

Unlike with many popular memecoins, influencers and KOLs didn't get any special deals. There was no pre-sale. There is no LUM team to pay them. So most KOLs will only create content about LUM once they can no longer ignore it.

Instead, these X accounts actively post about LUM and are worth a follow:

• Penn 風と

• Avocado Toast

• Kien Nguyen

A community quickly formed around LUM. The whole concept behind LUM is based on the collaboration of humans and AI.

The LUM community can be found on:

• X, formerly Twitter: https://x.com/luminousbase

• Farcaster channel for the general $LUM talk:

  LUM

  $lum: where human creativity meets ai potential. together, we're building tools, making art, and exploring new horizons. join us in shaping what's possible.

  Farcaster

  

• Farcaster channel for human x AI creativity inspired by LUM:

luminous

creating at the intersection of AI and communities. together we are luminous. /wearelum is the first endeavor. $lum channel is /lum

Farcaster

The Luminous channel also has an associated newsletter for the LUM community.

Luminous

Create, publish and share onchain blogs & newsletters.

https://paragraph.xyz

You can buy LUM tokens on Base on decentralized exchanges using a self-custodial wallet:

• From the original pool on Uniswap

• Aerodrome on Base

• Via Matcha to find the best price from either pool

You can also buy LUM token on two centralized exchanges:

• MEXC

• Bing

Subscribe to get the lore for hot coins

Base is an Ethereum Layer-2 chain by Coinbase.

Without going into tech details, Base is a cheaper version of Ethereum. Trading on mainnet Ethereum can be costly, ranging from $5 to $100s during busy periods. It's also slow, a transaction can take from 10 seconds to up to 30 minutes.

On Base, trading is cheap and fast. It's even cheaper than Solana. And Base is more reliable.

Most importantly, Base has the support of Coinbase, the world's leading crypto exchange. This means that coins that start on Base have higher chances of getting listed, potentially giving you that sweet 1000x gains.

One example is DEGEN. It was airdropped for free on Base to active users of Farcaster. Since then it did a spectacular run from 0 to $300M market cap, down -80%, then up and won a listing on Coinbase.

DEGEN is likely only the fist of Base memecoins to go to Coinbbase.

Now let's see how to actually get started.

In memecoin trenches you operate onchain.

This means coins are traded directly on the blockchain, not on a centralized exchange like Coinbase. To trade, you need 2 things: a wallet and a decentralized exchange.

You have lots of options for wallets. But you need a self-custodial wallet, not an exchange account.

In this guide, I'll show Zerion Wallet, which I use:

• Great portfolio tracking, including your P&L if you buy Premium

• Detailed transaction history

• Fast mobile browser that lets you trade on the go on any DEX

Zerion has a mobile app and a desktop version. Get both so you can trade on the go. Use my link to install it so I might get some points.

After installing, here is what you need to do:

1. Create a wallet

2. Save your seed phrase

3. Get some ETH on Base network. The cheapest way is to buy on Coinbase/other exchange and withdraw.

If you have questions, check Zerion's help.

But if you need a lot of handholding with this, sorry the trenches are likely not for you. You need to be able to think fast and figure shit out.

New memecoins are traded on decentralized exchanges (DEXes).

Unlike on Coinbase and other regular exchanges, on DEXes any random shit can is available for trading.

On Base, the main exchange is Uniswap. But when you trade on their website, they charge you additional fees.

Instead, go with a DEX aggregator: Matcha.xyz

They give you a good price and low or zero fees.

To trade in Zerion on mobile, open Matcha in Zerion's built-in browser and connect wallet.

Ok, now we get to the most interesting. How to find new hot memecoins?

There are 3 main ways of finding new coins:

• Launchpads where they are created

• Coin price trackers

• Following other traders

The best memecoins are launched on launchpads, giving everyone a chance to buy early and cheaply.

The process to create a coin is:

1. Someone comes up with a funny picture, name, and ticker

2. Others buy it at increasing price (bonding curve) up to a certain market cap. Trading is done only between people on the platform.

3. Once this market cap is reached, the memecoin "graduates" and a liquidity pool is created on a DEX. At this point, anybody in the world (including bots) can trade

You can try to buy coins in bonding curves or buy graduated on DEXes. The earlier you are, the bigger potential profit you can make. If you enter a new coin at a $100k market cap, and it goes to $10m, you make a 100x return.

But being early is also very risky.

A new memecoin can go to zero if everybody sells and no new buyers come in. Most coins die, never reaching $1m MC.

On Solana, the best-known launchpad is pump.fun. However, Base doesn't yet have a dominant launchpad, all of them are small:

• wagmi.best

• onlyapes.xyz

• wow.xyz

At some point, coins get listed on price tracking sites.

Some memecoins are launched by 'cabals' (insiders) and unlike launchpad coins, cabal memecoins reach coin tracking sites fast.

It's the best tracking site, it's price feed use many wallets and apps. Getting a listing on Coingecko (CG) is kinda complicated and they don't automatically list everything.

You can find trending coins — those are usually, larger market caps >$30m. But they are still early.

Coingecko also has GeckoTerminal, which is aimed at trench warriors. For example, there you can find new liquidity pools on Base.

That's another major site, owned by Binance. I don't use it but the idea is the same: you can check out trending coins. They also have a useful list of trending DEX pools.

This is where trenchers spend most of their waking hours.

Unlike CG and CMC, DEXScreener (DS) lists anything and everything. They are also happy to take money from any scammers who run ads there.

DS list of trending Base coins is a great way to find new hot memecoins early. Keep in mind, that the trending list can also be manipulated.

The only thing that cannot be faked is real buying by real users — you watch them too.

Several apps give you the ability to follow others' wallet addresses and get alerts when they trade. Below are two apps I use.

That's your wallet. You can also follow any address. Just enter it in a search field and tap follow. You can look up that address's history and see what else they hold in their portfolio.

Similarly, you can follow addresses in Interface. You can also see Farcaster handles in holders and stalk them to see who they are.

You can also find lots of social media information on:

• Twitter

• Telegram

• Discord

BUT all these sites are infested with scammers of all sorts. Trust nobody.

Which gets us to the next point.

It's not easy to make 100x in memecoins... but it is very easy to lose 100%.

Basic rules:

• never share your seed phrase or private key with anyone

• don't connect to random new sites, including new untested launchpads

• don't accept any help from anyone, they are 100% scammers

You will get scammed, so better accept that. This includes:

• Buying a coin that looks good and goes -95% because insiders sell or withdraw liquidity (rug pull)

• Buying a scam coin that is programmed to never be sold

• Buying a scam coin that automatically leaves your wallet

• Buying a fake scam version of a real memecoin

There are lots of attack vectors, this is a topic worthy of a separate post.

Slippage is the difference between the value of your ETH and the value of memecoins you're buying and selling.

Think of it like a spread. But it's much bigger and can be up to 50% (yes, that bad).

This is because most new memecoins are very illiquid. There is not a lot of buyers and sellers on both sides. Usually everybody wants to buy or sell. If you're with them, you pay the price in slippage.

High slippage means that making "quick profits" of 20-30% is a losing strategy. Slippage will eat that fast.

You take a risk of losing 95% on each trade. You need to swing for the fences and do 2-3x before selling anything.

This post covered the basics of operating in Base trenches.

You can only learn the rest of it by doing. You will likely lose money. But you can also make fast profits. That's adictive, be warned.

Now, welcome to the trenches.

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