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In this episode of Unchained, memecoin traders Ansem and Kelxyz unpack everything about memecoins, discussing what makes them valuable and how they evaluate their investment potential. They also address the criticisms and controversies surrounding them, including racism and sexism. (They have a surprising reaction to the latter.) Ansem and Kel argue that memecoins have substance and value, largely due to their popularity and the attention they receive on the internet.\xa0\nThey also discuss the importance of distribution and virality in the success of a memecoin, how the chain any coin is on affects its value, and give their opinions on Runes vs. BRC-20s vs. Solana and Ethereum.\xa0\nPlus, they talk about their wildest memecoin stories (think: Dogwifhat) and provide their insights on what they think memecoins will become in the future.\nShow highlights:\n\nAnsem\u2019s and Kel\u2019s investment theses around memecoins\xa0\n\nHow Ansem and Kel got into trading memecoins and how they evaluate their potential\n\nWhy the coin distribution matters and whether tokenomics is important with memecoins\n\nHow to discern between memecoins with genuine vs. fake interest\xa0\n\nHow memecoins differ across blockchains such as Solana, Ethereum, and Bitcoin\n\nAnsem and Kel\u2019s responses to the criticisms of memecoins\n\nWhether and how memecoins could become safer for users\xa0\n\nKel and Ansem\u2019s surprising reaction to racist and sexist memecoins\xa0\n\nAnsem's story on WIF and how a female friend of his fueled its popularity\xa0\n\nWhether Bitcoin is \u201cthe original memecoin" and how they define memecoin\n\nThe future of memecoins and how they believe all memes will become coins\n\nThank you to our sponsors!\n\nPolkadot\n\nVaultCraft\n\nGuests:\n\nAnsem\n\nKelxyz\n\nLinks\nCulture:\n\n\nWhat else could memecoins be? by Vitalik Buterin\n\n\nHow bad policy favors memes over matter by Chris Dixon\xa0\n\nCointelegraph: Meme coins: Betrayal of crypto\u2019s ideals\u2026 or its true purpose?\n\n\n\nCoinDesk: The Memecoin Grift and How It Threatens Ethereum Culture\xa0\n\n\nInvestment:\n\nCoinGecko: Top Crypto Narratives Gained 39% to 1313% in Q1 2024\xa0\n\nMessari: Navigating Memecoin Mania\n\n\nKelxyz investment strategy\n\n\nDecrypt: Crypto Influencer Ansem Explains His Meme Coin Thesis and Why He\u2019s Bullish on Bitcoin Runes\xa0\n\nUnchained: What Is Dogwifhat (WIF) and Why Is It Up so Much?\xa0\n\nSafer memecoins\n\nUnchained: Half of Solana Presale Tokens Rolled Out Between November and February Were Malicious: Blockaid Study\n\n\nCointelegraph: 1 in 6 new Base meme coins are scams, 91% have vulnerabilities\n\n\nAndre Conje\u2019s proposal\n\n\nRacist memecoins\n\nUnchained: Offensive Memecoins Proliferate on Solana, Sparking Debate\n\n\nCrypto.news: Ethereum's Buterin slams Solana's racist meme coins, urges better projects\n\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices