Abstract
- Nameless crypto commentator @DeepDishEnjoyer, identified on-line as “peepeepoopoo,” went viral on March 24 after calling out degens for minting meme cash based mostly on their persona and utilizing them to rip-off one another, in a put up that racked up 50,500 views, 582 likes, and 19 retweets.
- The account, a self-described bearish macro voice with 40,100 followers and a Substack based mostly in Boston, Massachusetts, beforehand created a joke token known as $THATSIT — explicitly telling everybody it was price $0 — solely to look at it pump to a $2.6 million market cap after Chinese language merchants mistook it for a synthetic intelligence coin.
- A number of “peepeepoopoo”-branded tokens now exist on pump.enjoyable, with not less than one PP variant reaching a market cap of $7,400 inside 24 hours, illustrating how the platform’s frictionless token creation continues to feed a cycle of persona-based hypothesis and scams.
An nameless crypto commentator who goes by “peepeepoopoo” on X ignited a wave of darkish humor and real frustration throughout Crypto Twitter on March 24 after posting that strangers had been minting meme cash off their on-line identification after which scamming one another with them — with none involvement or consent from the account itself. “They’re making fucking shitcoins out of me and scamming one another with it,” wrote @DeepDishEnjoyer, whose put up accrued 50,500 views inside hours of publication.
The put up struck a nerve exactly as a result of the individual behind it’s not a celeb or a serious protocol determine — they’re a pseudonymous, self-described “globalist” macro skeptic with a Substack, based mostly in Boston, Massachusetts. With 40,100 followers and a persona constructed round bearish market commentary, the account had not actively promoted any token. In reply threads, @DeepDishEnjoyer framed their function in crypto discourse in deadpan phrases: “I’m extra of a Jerome Powell determine, attempting to independently dampen the market by steering, and the cryptobulls are very mad at me for it.”
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The irony runs deeper. The account beforehand created a joke token beneath the ticker $THATSIT, explicitly warning followers: “I informed everybody it’s price $0 and to not purchase it.” Regardless of that disclaimer, the token was found by Chinese language merchants who, apparently noting that the creator was mutuals with distinguished accounts within the synthetic intelligence area, pumped it on the idea it was an AI-related venture. $THATSIT reached a market cap of $2.6 million earlier than collapsing.
The dynamic enjoying out round @DeepDishEnjoyer shouldn’t be remoted. Superstar persona tokens have change into a recurring characteristic of pump.enjoyable’s ecosystem — from Caitlyn Jenner’s JENNER token, which briefly hit a $20 million market cap earlier than its developer dumped all holdings, to a wave of influencer-adjacent cash that comply with an more and more predictable arc: hype, pump, rug. What distinguishes the “peepeepoopoo” state of affairs is that the unique account is actively mocking the method in actual time, broadcasting its personal victimization from a place of full detachment.
A number of tokens bearing the “peepeepoopoo” branding now flow into on pump.enjoyable and PumpSwap, together with one PP variant that reached a $7,400 market cap with a 149.76% 24-hour acquire on the time of writing, and a PPPP variant beforehand listed on CoinGecko with a market cap equal to roughly $47,000. Neither is affiliated with @DeepDishEnjoyer.
The broader context issues. Pump.enjoyable permits anybody to create a Solana token for lower than $2, with no identification verification and no mechanism to stop somebody from deploying a coin beneath one other individual’s identify, likeness, or on-line persona. That structural actuality is what makes the criticism from @DeepDishEnjoyer each humorous and illustrative: the platform is agnostic to consent. “Not less than no person with a soul will get harm,” the account wrote in a follow-up reply — an acknowledgment that the individuals shopping for these cash are seemingly not sympathetic victims.
Solana (SOL) is at the moment buying and selling at $92.17, up 3.29% over the previous 24 hours.
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