The post Not all new coins are pointless pump and dumps appeared on BitcoinEthereumNews.com.

This is a segment from the Empire newsletter. To read full editions, subscribe. Unless you live under a rock, you probably heard about the Kaito token drop yesterday.  Vibes were pretty positive, it turns out people like to be paid to yap (and some of us — ahem, myself — are left with FOMO after not yapping to earn). But alas, I turned to two colleagues who did earn KAITO for posting.  Lightspeed’s Jack Kubinec and The Drop’s Kate Irwin both earned roughly $200 of KAITO. Kubinec praised the project for understanding that folks didn’t want another social media site to post on to earn their yaps, and instead kept it on X — where parts of the crypto community are the strongest.  Kubinec was lucky in that a thread of his went viral shortly after claiming his profile on Kaito, bumping him up to one of the top yappers briefly. However, he admitted that even his short-lived CT fame didn’t prompt him to post any more than usual. For Irwin, the question is all about longevity. We’ve been through a few hype cycles now, and admittedly when it’s good, it’s great and when it’s bad, CT kind of feels desolate. Irwin told me that it’s hard to see people still posting about yapping and caring about it in six months. The token, however, is holding on for now. Perhaps some of that is due to some of the shaming we’ve seen over on X. Or perhaps this is finally the project that can break the cycle and we’ve finally solved the code for SocialFi. Only time will tell I guess. And now you know. HYPE is up 550% since it launched at the end of November Maybe David Sacks is right. Memecoins are collectibles. If that’s true, then crime…

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Filed under: News - @ February 21, 2025 3:23 pm