We’ve Reached the ‘Crack Head Dev’ Stage of the Meme Coin Cycle

Right here’s how bizarre the world of meme cash on Solana has turn into.

Meet Trevv, a younger man from California, simply 19 years of age, with no prior expertise in crypto. (He requested us to withhold his full title.) Trevv’s a drug addict—largely fentanyl, but in addition dabbles in coke, heroin, and different substances. He’s bought a small following of two,000 folks on Instagram, the place he largely posts goofy movies of himself for consideration.

He’s now the most recent livestreaming “meme coin dev” to have gone viral—his temporary second within the crypto highlight starting with him feeling scammed, he says.

Trevv claims he was approached by a gaggle of Crypto Twitter influencers who instructed him to reside stream his Instagram antics as an alternative on Pump.enjoyable, the Solana meme coin manufacturing facility liable for $28.73 million in income on the community in simply the final month. He says they instructed him he’d “make some huge cash.” He obliged.

The group known as the stream “Crack Head Dev” (CHD), and as Trevv smoked a mixture of medicine to his viewers’ delight, degens threw cash on the CHD token to maintain the madness going. You gained’t discover this type of leisure on Twitch. However, finally, the medicine caught as much as him and he handed out from smoking an excessive amount of fentanyl. Some viewers thought he’d died of an overdose.

“I cross out, I get up, and I am embarrassed,” he instructed Decrypt, organising successful of fentanyl on a sheet of tin foil. “After which they’re fucking all hitting me up. They’re all such as you did so good, let’s get you one other one.” Trevv claims the group of influencers, who he wouldn’t title for worry of retaliation, paid him $500 for his troubles—cash he was blissful to make. 

As hypothesis that he’d really died on stream unfold on Crypto Twitter, pseudonymous crypto dealer Beaver reached out to Trevv and supplied to pay him to pretend his dying so the token would pump. Over the following 24 hours, pretend screenshots and a video from his supposed mother mourning his dying circulated Twitter. The stunt labored about in addition to could possibly be anticipated, with the CHD token hitting an all-time excessive market cap of a mere $200,000. It may not seem to be rather a lot, however most meme coin trench warriors pine to launch a $100k token.

Trevv went on to launch three extra tokens on Pump.enjoyable.

The day after the fake-death stunt, the Crack Head Dev got here again with a stream and token known as “I’m Alive.” He says he was paid $500 once more, however the group pulling the strings made off with $15,000 from the token, he claims, leaving him feeling quick modified.

So, feeling pissed off, Trevv linked up with a second group of influencers who he says DM’ed him on Twitter. Collectively they launched the third token, Stripper Trev Dev, which featured his stripper girlfriend becoming a member of him on the livestream to carry out every kind of untamed and suggestive antics. This token was by far probably the most profitable, hitting a $680,000 market cap at its peak. 

Trevv says he was paid $1,200 for this stream, however Beaver, who claims to have paid Trevv over $2,000 to pretend his dying, thinks the “Crack Head Dev” has made extra money than he’s letting on. 

“He made a bag I’ve little question,” Beaver instructed Decrypt, declaring that the pockets to which he despatched his cost has cumulatively despatched 151 SOL ($21,719) to centralized alternate Coinbase since Trevv began streaming on Pump.enjoyable. When requested if this was his pockets, Trevv merely mentioned, “Idk.”

Pump.enjoyable has turn into a breeding floor for the weirdest and wildest within the crypto area. The platform has been a breakout success for the Solana community, primarily enabling anybody to launch a token with the clicking of a button—might one of the best memes win. Currently, nonetheless, the memes on Pump.enjoyable have reached new degen heights, particularly after releasing its livestream characteristic lower than three months in the past.

Trevv is much from the one misplaced soul of the TikTok technology to take his abilities to Pump.enjoyable with goals of placing it crypto wealthy. Different latest examples embrace Meth’d Up Dev, who smoked meth on stream, and DARE dev who set himself on hearth within the title of his meme coin. 

The meme coin manufacturing facility has been liable for launching over a million tokens because the begin of the 12 months, with numerous doubtful acts occurring on livestreams because of this. Critics of the platform would argue it’s doubtlessly enabling dangerously dangerous conduct, like taking means too many medicine to attempt to pump some luggage.

Trevv says he’s struggled with drug dependancy for years, first taking Xanax when he was simply 12-years outdated. He’s been chasing that top ever since, he says, and has tried virtually all the things. He’s taken to smoking uncooked fentanyl as a result of lack of fresh heroin in his space, he claims. 

And regardless of feeling scammed after his first run at crypto, Trevv was not deterred. He mentioned he deliberate to be taught as a lot as he might about crypto and are available again with one thing larger and higher fully on his personal. A coin that might go to “tens of millions and tens of millions and tens of millions,” he mentioned.

His final token, Smoking Meth Fent Heroin (SMFH), hit a $75,000 market cap earlier than crashing to zero.