Sushiswap Founder caught fingering a Horse
Yes, You heard it right.
From dogs → horses, a new MEME coin drops
Gm Unbankers, we’re simplifying crypto so that it’s as easy (and as desi) as dipping a Parle G biscuit into a cup of hot chai 🫖
We Unbankers are all gonna make it ✊
This post is written in collab with the daily crypto newsletter — the doodhwala
The new meme animal — a HORSE
What do these coins have in common?
🐶 Dogecoin
🐕 Shiba Inu
🪐 Dogelon Mars
🐾 Baby Doge Coin
Three things → they’re all meme coins, they’re all named after dogs, and they make crypto fun as hell.
But now they have competition.
Not from another meme coin. But another animal.
A horse 🐴
Yes, a ducking horse.
Why a horse?
————————————— 📖 STORY TIME 📖 ———————————————
Alright, put on your seatbelt (wait this is India, who even puts on a seatbelt! I have airbags for a reason!), and let’s get into this story.
The CEO of SushiSwap, a decentralized exchange (or DEX), was accused of some pretty serious things. Among them were:
1️⃣ copyright infringement
2️⃣ draining a token’s supply
3️⃣ setting up a fake exchange
4️⃣ doing some weird things to a horse
What weird things did he do?
Well…uhh…you know when the Kurkure is over and you put your finger into the packet to get the masala from the corner. And then lick your fingers. 🤤
Now, replace the Kurkure packet with a horse and forget about the licking your fingers bit.
Yeah, the SushiSwap CEO was accused of doing Kurkure things with a horse.
You know what they say, “Tedha hai par Mera hai.”
This accusation BLEW UP on Crypto Twitter.
And #horse was trending.
And everyone started dropping #horse memes.
And some challu fellow made a $HORSE crypto.
——————————————— 📕 STORY OVA 📕 ———————————————
The $HORSE crypto took crypto markets by storm and:
it was listed at $0.000000000024
it pumped by 6,000% to $0.0003 (that’s like turning 10k into 61 lakhs)
the trading volume jumped to $30k (that’s about 10 crores $HORSE tokens)
dumped, with a 99% drop
What did the dude who created $HORSE make?
Oh, nothing, just 20ETH ($25k or Rs 21 lakh) for making a coin about a meme.
Actually, this is not the first time someone made + pumped + and dumped a meme coin outta a trending topic.
Here are two other examples:
🐙 $SQUID
Last year, when SquidGame was trending on Netflix, someone created a $SQUID cryptocurrency.
Here’s what happened to it:
It pumped over 23 million % to $2.8k (Rs 2.3 lakh)
reached a market cap of $2.18 trillion (higher than Netflix’s market cap 😂)
dumped to $0.0001 (99% crash)
And we got this hilarious video outta it:
👑 QUEEN
After the passing of Queen Elizabeth II, someone created a $QUEEN token on Pancake Swap.
Here’s what happened to it:
It pumped by 28,000% to $0.05
the trading volume reached $2.7 million (54 million coins traded)
dumped to $0.0000002
This wasn’t the only coin tho, in fact, 30 $QUEEN cryptos were created following the death of the monarch.
🐀 MONGOOSE
Last year, an American politician said volatile shitcoins harm investors. He used the example of a “MongooseCoin.”
So, what did the crypto market do?
Create crypto called $MONGOOSE.
Here’s what happened to it:
pumped by 165000%
trading volume reached 7.2 million $MONGOOSE tokens
dumped by 95%
The funny thing is, this coin spawned other rodent cryptos like HAMSTER, RAT and others. 😂
7 Bored Apes worth $700k GONE!
Last weekend, one wallet got hacked for 7 Bored Apes.
YES! 7 APES.
That’s a hack worth $700k or Rs 5 crore.
How’d this happen?
The scammer used something called a “malicious contract” to “wallet drain” the victim.
And here’s what happened:
→ Our man interacted with a malicious contract
→ Contract signature opened up
→ Wallet signed the contract
→ Malicious contract activated a wallet drain
→ Wallet drained of NFTs from Ape Singh’s address to the hacker’s address
This kinda wallet drain is ALL TOO common with NFTs.
So, we at Unbank wanna give you some TIPs to keep your NFTs safe.
1️⃣ Separate wallets
Use a separate wallet for risky transactions when:
minting new NFTs
transferring unknown NFTs
2️⃣ Use hardware wallets
Always store your blue-chip NFTs in a hardware wallet that has cold store i.e. not connected to the internet.
3️⃣ Avoid financialzing NFTs
NFTs are art pieces either meant to keep in storage, or used to gain access to a community, or simply to show-off to the world.
Using them as on-chain utility tokens through staking, lending, etc. may not be the best option.
Instead DeFi tokens can give more financial features.
4️⃣ Don’t fall for PUMPs
Many celebs, actors, and musicians pump NFTs - either because they’re careers are down the trash or they wanna make a quick buck.
Don’t listen to them.
They just wanna pump their bags, dump it on you and get away.
Buy an NFT (or not) only after doing your own research.
5️⃣ Bookmark! Bookmark! Bookmark!
The simplest trick is to — Bookmark an NFT project’s minting website, or OpenSea market page.
This prevents you from clicking on shady links that leads to wallet drains.
Find a project that you like + Immediately bookmark their page so that you don’t fall for any phishing scams that take ya to the wrong link.
DAO of the Week
We know some of us are in crypto for the Lambos.
But unfortunately, to buy the Lambo, you might need to convert some of your cryptos to fiat currency to pay for it. 🥲
This is life it gives some and takes some.
It mainly takes some as taxes.
Crypto Law and the whole legal side of it is a mystery of its own.
But some people seem to love that challenge and want to solve for it. This is what LexDAO is all about.
A group of legal engineers trying to create a better framework for the legal and the important side of crypto.
If you are interested then you should definitely take part.
You can join LexDAO in 3 Easy Steps
Step 1:
Join their discord server.
Step 2:
Send the $300 annual membership fee in ETH, USDC, USDT, DAI, or RAI to a wallet to a specific address:
Step 3:
Fill out a special form and they will send your LexDAO NFT and additional onboarding materials.
That’s all!
If the membership fee is a hardship for you for any reason, you can do a bit of work to earn your membership instead of paying. Just jump into the #find-a-lawyer channel in their discord and ask about it.
Welcome!
Event of the Week
Job Opportunity 👨💻
Roote is looking for Technical Community Lead for the community Standard Bearer.
If you are open to learn and grow while helping them, there are high chances for them to consider you!
Reply Back to this Mail with “Technical Community Lead” And we will share more details with you.Fabricant is looking for Social Media Coordinator and Email Marketer.
If you have some experience with social media and emails, then this is for you!
Reply Back to this Mail with “Email Marketer” And we will share more details with you.
If you want to follow us on other social media handles Click here ⚡
You can reach out to us at letsunbank@gmail.com 🚀.
Now let us know, It was Fun right?
If yes 🚀, then Like and Comment what was the Most Fun thing. 🙌
If no 🥲, then Comment and let us know what we can improve on. 🙈
Will see you guys next Friday. Till then
Unbank yourself.