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SatoshiVM, Influencer dumping and the backlash.
Crypto Snipers Strike Gold as Traders Earn Millions in SAVM Token Launch Frenzy
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No, I'm talking about the coins that claim to be Uniswap of Bitcoin. Ordiswap as an example, I got a 7x out of that, got 50x buying SAVM launch, 40x on puppets etc. 99.99999% of crypto is dumb and pointless. Don't trade fundamentals, trade attention and be early to stuff. We all knew btc would be hype this year due to ETF advertising, so BRC was an easy narrative to be early to. Or hold Bitcoin and Cardano and Algo and get minimal returns, up to you.
Is this marketcap? SAVM / satoshiVM didn't raisde $59m
You need sub 50mil market cap if you want to turn 2000 into a mil and still then it’s extremely improbable. My bets are on $SLQ, $SAVM and $SCA but I wouldn’t suggest dedicating more than 20% of your portfolio to low cap coins. Best to just lower your expectations and invest in what you genuinely believe in.
Was trying to learn about airdrop farming, started following Miles (also involved with this fiasco, such a shame, he seemed legit) and X's algo picked up on it. She started popping in my "for you" so I was cautiously reading her stuff. Most seemed just stupid shills or "I gave you ABC at $X" bs you constantly see, but in the noise, some stuff seemed interesting. SAVM came up at a moment when I was a bit more confident (read her first tweet maybe 5 min after she posted) and wanted to get in early into a project that kinda felt like it had potential. Must admit that I didn't do a thorough research, just checked the site, idea of the project and its narrative. I got lucky.
Was sure it was her before checking your tweet. She's an absolute garbage of a human. I reported her for scamming in the aftermath of the whole thing but I doubt many did. Luckily, being a complete novice made me extra cautious almost by accident. May she rot in hell and take SAVM with her.
Ouch... good thing you didn't follow through. ngl, I made some x off SAVM myself but I didn't get in during the IDO, just a regular $4 to $8 in-and-out thing. This was before the whole Ape Terminal and MacnBTC thing and yes, the AMA you refer to, which actually caused a yuge sell off after Ape Terminal. It is very sad to see people putting multiple 1000s of dollars in even now. I hope for their sake the token does them some good. The amount of money flowing in (and out) is pretty insane, tbh.
I didnt buy any Savm but I'm not going to lie... On the day before I was about buy some on uniswab around 9-11 usd . Savm is just an example. ​ on my orignal post I mention how pathetic the SAVM team defense was .It was a live stream and they DIDN'T KNOW what were building and when they finally answered the question, it was something impossible to achieve.
So, OP, just curious - did you buy any SAVM? Got rekt? Their DS price-talk channel is pretty hilarious and all the people "buying the dip" and shillers saying it is a long term hold and citing examples of Ethereum's early days :) ​ BTW, did you notice that the mcap is like $20m and SAVM/ETH LP is between $4 and $5m (slid down from $18m LP to $3.6m and back up). Compare that to OP/USDC on Optimism uniswap.. mcap is 2.86\*B\* and LP is 1.2m. So where does the SAVM LP come from? That's a lot of LP relative to the mcap.
I think they just knew what was hot and rolled with a bunch of buzz words. Their ETH smart contract is ridiculously basic and enables them to mint unlimited amounts of SAVM while the largest holder wallets are linked to the dev. They also had barely any info before the IDO like basic tokenomics and conflicting info about the usage of that token. Now they probably just want some exit liquidity so they can make a few more millions from the people jumping in.
We’ll end up holding rugs like SAVM
A coin that has dropped 50% in value is a giant scam. Oh wow yall need to wait til things start hitting like last bull run. No one thought SAVM was/is anything real. Let me remind you of LUNA...
The SatoshiVM team didn't scam anyone, it was ApeTerminal who scammed the IDO. The SAVM team didn't even know about it.
Sweet I needed the green light to mortgage my rental house for Savm. Maxed out the cards sold the wife and kid ( I live in California sex slaves are in high demand) SAVM TO THE MOON
It's a scam. They paid SAVM to many Twitter Influencers. Everyone dumped tokens.
Is Xbanking.org legit? I'm trying to find a staking platform for SAVM, and it's the most advertised, but the rates seem "too good to be true", i.e., SOL 16-24%