In S**tcoin Spring, any pointless cryptocurrency with a Twitter account can enchant thousands of traders into playing meme coin musical chairs. Throwing money at the wall and reason out the window, they let greed get the best of them. Sometimes literally.
But the creator of the GREED experiment doesn’t plan to steal their money . Even so, Ivor Ivosevic, better known as Voshy to the Solana community, very much will shitpost from those Twitter accounts. Voshy woke up to hundreds of direct messages from Twitter friends asking to buy GREED before he released his nonexistent coin to the public.The so-called “presale” is one way speculators try to make money on meme coins. By buying a token before it goes into wide circulation, they hope to ride its initial pump high and dump it for profit. They’re willing to pay big money for their GREED; Voshy said he got offers for his nonexistent token that added up into the seven figures.
“I started retweeting and writing things along the lines of, ‘The only people getting rich from tokers are founders.’ ‘Be careful of your greed; Greed can consume you,’” he said. It didn’t work.Behind the scenes, Voshy began building GREED. Critically, it would have a freeze mechanism to prohibit holders from ever moving it out of their wallets, making speculation impossible.