Livestreaming your supposed mom shaking her breasts on camera to pump your meme coin is peak crypto degeneracy. But this sexually suggestive token, called Kidnapping, even more At the same time that LiveMom was shaking her 36DDs next to her purported son, another livestream was underway. Aspiring political candidate Leland King Fawcette was attempting to create a meme coin called IMLIVEKICK, but the token fell from a $110,000 market cap It’s now effectively worthless. Since then, Fawcette has And so it goes amid this increasingly gonzo trend that’s seeing some developers get creative as they attempt to stand out in a crowded meme coin market.mean while in @solana pic.twitter.com/KSQgimz3nW— ferb (@ferbsol) May 5, 2024Every livestream meme coin that Notable meme coins like Pump.fun is even how the “first” live stream token was created, according to its devs. Richard Podgurski, co-founder of “Pump.fun, combined with freedom of speech and internet memes, has birthed 4Chan 2.0 on degenerate steroids,” Podgurski told Soon, he wanted in on the action and created LiveTwitch on We will forever be the original Live degenerates pic.twitter.com/NnLGuvAuuA— livetwitchsol (@livetwitchsol) May 3, 2024While LiveMom In the days that followed LiveMom mania, the livestreaming meta spread—and the level of degeneracy only grew from there.A copycat project, We also saw a man called Roman get “kidnapped” by devs promising to release him at a $100,000 market cap. Amid a livestream showing we are officially in the stream meta pic.twitter.com/Tt0xYzgUG2— Doonhamer (@DoonhamerNFT) May 2, 2024Only a couple days later, This livestreaming meta shines a light on the troubling truth that, as humans, we’re attracted to the weird, insane, and downright wrong. Just like watching the latest serial killer documentary on Netflix or slowing down as you drive past a car crash, it’s hard to look away from the shock value of the ever-evolving nonsense that’s steadily popping up on Pump.fun and elsewhere in crypto.Normally, being rug-pulled is a thing of nightmares for investors. But the livestreaming meta is reinventing why investors are looking for low market cap gems.Did investors in LIVESIS believe it was going to be the next blue chip meme coin? Or did they just want to see the streamer strip and hope to avoid the dump in the process? Did Roman investors care about their own bag, or the bag over Roman’s head?With the crypto markets broadly cooling off in recent weeks, some crypto devs apparently can’t help but try shocking new tactics to gin up interest in their meme coins. And some investors, it seems, can’t help but look—and buy in, too.Edited by Andrew Hayward
