Why Memecoins Can Be So Profitable: Ansem and Kelxyz

Memecoins have been the most profitable investment of the year, and these traders believe they still have a lot of potential.
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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.
They 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.
Plus, they talk about their wildest memecoin stories (think: Dogwifhat) and provide their insights on what they think memecoins will become in the future.
Show highlights:
🔹 Ansem’s and Kel’s investment theses around memecoins
🔹 How Ansem and Kel got into trading memecoins and how they evaluate their potential
🔹 Why the coin distribution matters and whether tokenomics is important with memecoins
🔹 How to discern between memecoins with genuine vs. fake interest
🔹 How memecoins differ across blockchains such as Solana, Ethereum, and Bitcoin
🔹 Ansem and Kel’s responses to the criticisms of memecoins
🔹 Whether and how memecoins could become safer for users
🔹 Kel and Ansem’s surprising reaction to racist and sexist memecoins
🔹 Ansem's story on WIF and how a female friend of his fueled its popularity
🔹 Whether Bitcoin is “the original memecoin" and how they define memecoin
🔹 The future of memecoins and how they believe all memes will become coins

Thank you to our sponsors!
➡️ Polkadot https://polkadot.network/ecosystem/co...
➡️ VaultCraft https://vaultcraft.io/

Guests:
⭐️ Ansem   / blknoiz06  
⭐️ Kelxyz   / kelxyz_  

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Time Stamps:
00:00 Introduction
04:26 The investment thesis behind memecoins
08:19 Ansem and Kel's journey into trading memecoins and their assessment criteria
21:51 The significance of coin distribution and tokenomics in memecoins
28:56 How to manage the influence of bots
30:31 Differences in trading memecoins across various blockchains
38:09 Ansem and Kel's responses to common criticisms of memecoins
42:34 The potential for memecoins to become safer for users
44:32 Why Kel and Ansem find the racist and sexist memecoins funny
47:54 Ansem’s personal anecdote involving WIF and its impact on the market
1:01:29 Whether Bitcoin is the "original memecoin"
1:05:59 The future of memecoins and how all memes will become coins


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#bitcoin #ethereum #crypto #cryptocurrencies
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