Ansem makes $50 million from a meme coin named after himself. His real name is Zion Thomas, but most people know him as Ansem.
He started crypto in 2017 with $3,000 fresh out of Georgia Tech. At the time, he worked a day job at a bank while tweeting his trades to nobody.
How Ansem makes $50 million after years of grinding
He bought Solana at $1.50 when it was a joke. Consequently, he watched it go 170x.
Then in December 2023, he put $472 into a meme coin called dogwifhat at $0.0003. Four months later, it was up 520x.
Nevertheless, the journey had its challenges. A famous on-chain investigator accused him of using his followers as exit liquidity. Therefore, Crypto Twitter tried to cancel him. However, he denied everything and kept posting.
Then he flew to Dubai and boxed another crypto influencer in front of a live crowd. Four messy rounds later, the crowd booed. It ended in a draw.
The ANSEM coin launch and self-reinforcing loop
This week, he announced that all trading fees generated by his Solana meme coin ANSEM would go back to holders through airdrops. Specifically, the more people traded it, the more fees got distributed.
Furthermore, the more fees got distributed, the more people bought in. Consequently, a self-reinforcing loop sent volume exploding. Early buyers gained 100x to 260x in days. The token hit $100 million market cap. His personal bag hit $51.7 million.
$3,000 in 2017. One million followers. $50 million from a coin with his own name on it.
Only in crypto.
The Solana meme coin mania vibe is back
According to DeFiLlama data, both revenue and DEX volume have seen a noticeable increase on a daily basis. Additionally, many memecoin trenches voices on X have noted that the vibes look a lot like the 2024 Solana meme coin mania.
Therefore, buckle up. We may have a lot of work to do. We should all make the right choices and try to surf the wave with everybody else. This time, it will be much higher wave with smoother apps and an AI boost. Consequently, we all have the knowledge and the tech to try to take advantage of the market.
New tools for the trenches
Speaking of tech, the Solana meme coin trader @mag_eth has been working on a new application to back up his bot. Specifically, the application will offer:
✓ Trending alerts
✓ Whale confirmation alerts
✓ Live trading
✓ Community calls
✓ Real-time feedback loop
I tried it with a few lucky ones this weekend. I can assure you that it will give a lot of us the possibility to print money, as they say.
Nevertheless, trade carefully. It is a hard world. Trust no one. Be careful. This is not financial advice.
