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—principally fentanyl, but in addition dabbles in coke, heroin, and different substances. He’s received a small following of two,000 folks on Instagram, the place he principally 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 dwell stream his Instagram antics as a substitute on Pump.enjoyable, the Solana meme coin manufacturing facility chargeable 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 mix of medicine to his viewers’ delight, degens threw cash on the CHD token to maintain the madness going. You gained’t discover this sort of leisure on Twitch. However, finally, the medication 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 go out, I get up, and I am embarrassed,” he instructed Decrypt, establishing 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 concern of retaliation, paid him $500 for his troubles—cash he was pleased 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 faux his demise so the token would pump. Over the following 24 hours, faux screenshots and a video from his supposed mother mourning his demise circulated Twitter. The stunt labored about in addition to may very well be anticipated, with the CHD token hitting an all-time excessive market cap of a mere $200,000. It won’t appear to be quite a bit, 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 essentially 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 faux his demise, thinks the “Crack Head Dev” has made extra money than he’s letting on.

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

Pump.enjoyable has turn into a breeding floor for the weirdest and wildest within the crypto house. The platform has been a breakout success for the Solana community, basically enabling anybody to launch a token with the press of a button—could the very best memes win. Recently, nonetheless, the memes on Pump.enjoyable have reached new degen heights, particularly after releasing its livestream function lower than three months in the past.

Trevv is much from the one misplaced soul of the TikTok era to take his skills to Pump.enjoyable with desires of putting it crypto wealthy. Different current examples embody Meth’d Up Dev, who smoked meth on stream, and DARE dev who set himself on fireplace within the title of his meme coin.

The meme coin manufacturing facility has been chargeable for launching over a million tokens because the begin of the 12 months, with numerous doubtful acts taking place on livestreams in consequence. Critics of the platform would argue it’s probably enabling dangerously dangerous conduct, like taking manner too many medication to try 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 prime ever since, he says, and has tried nearly all the pieces. He’s taken to smoking uncooked fentanyl because of the lack of unpolluted heroin in his space, he claims.

And regardless of feeling scammed after his first run at crypto, Trevv was not deterred. He stated he deliberate to study as a lot as he may about crypto and are available again with one thing greater and higher utterly on his personal. A coin that might go to “thousands and thousands and thousands and thousands and thousands and thousands,” he stated.

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