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

Here’s how odd the arena of meme money on Solana has turn into.

Meet Trevv, a younger man from California, ideal 19 years of age, with out a prior trip in crypto. (He requested us to retain his fleshy name.) Trevv’s a drug addict—largely fentanyl, but also dabbles in coke, heroin, and assorted substances. He’s obtained a small following of two,000 other folks on Instagram, where he largely posts goofy videos of himself for consideration.

He’s now essentially the most up-to-date livestreaming “meme coin dev” to have long gone viral—his transient 2d within the crypto highlight initiating place with him feeling scammed, he says.

Trevv claims he modified into as soon as approached by a neighborhood of Crypto Twitter influencers who suggested him to are residing trail his Instagram antics as an alternative on Pump.fun, the Solana meme coin manufacturing facility to blame for $28.73 million in income on the network in precisely the closing month. He says they suggested him he’d “manufacture a amount of money.” He obliged.

The neighborhood known as the trail “Crack Head Dev” (CHD), and as Trevv smoked a aggregate of gear to his viewers’ pride, degens threw money at the CHD token to connect the madness going. You obtained’t gain this roughly entertainment on Twitch. However, at closing, the capsules caught as a lot as him and he handed out from smoking too principal fentanyl. Some viewers plot he’d died of an overdose.

“I’m going out, I wake up, and I am embarrassed,” he suggested Decrypt, atmosphere up a success of fentanyl on a sheet of tin foil. “And then they’re fucking all hitting me up. They’re all admire you presumably did so gorgeous, let’s accumulate you one other one.” Trevv claims the neighborhood of influencers, who he wouldn’t name for fear of retaliation, paid him $500 for his troubles—money he modified into as soon as overjoyed to manufacture.

As speculation that he’d if truth be told died on trail unfold on Crypto Twitter, pseudonymous crypto dealer Beaver reached out to Trevv and supplied to pay him to fake his loss of life so the token would pump. Over the subsequent 24 hours, fake screenshots and a video from his supposed mother mourning his loss of life circulated Twitter. The stunt worked about to boot to would possibly per chance well presumably be expected, with the CHD token hitting an all-time excessive market cap of a mere $200,000. It would possibly most likely per chance well also objective not seem admire loads, but most meme coin trench warriors pine to originate a $100k token.

Trevv went on to originate three more tokens on Pump.fun.

The day after the fake-loss of life stunt, the Crack Head Dev came inspire with a trail and token known as “I’m Alive.” He says he modified into as soon as paid $500 again, but the neighborhood pulling the strings made off with $15,000 from the token, he claims, leaving him feeling short modified.

So, feeling frustrated, Trevv linked up with a 2d neighborhood of influencers who he says DM’ed him on Twitter. Collectively they launched the third token, Stripper Trev Dev, which featured his stripper lady friend joining him on the livestream to construct all kinds of untamed and suggestive antics. This token modified into as soon as by a long way essentially the most a hit, hitting a $680,000 market cap at its height.

Trevv says he modified into as soon as paid $1,200 for this trail, but Beaver, who claims to have paid Trevv over $2,000 to fake his loss of life, thinks the “Crack Head Dev” has made extra money than he’s letting on.

“He made a get I in actuality have not any doubt,” Beaver suggested Decrypt, pointing out that the pockets to which he sent his fee has cumulatively sent 151 SOL ($21,719) to centralized trade Coinbase since Trevv started streaming on Pump.fun. When requested if this modified into as soon as his pockets, Trevv simply acknowledged, “Idk.”

Pump.fun has turn into a breeding ground for essentially the most weird and wildest within the crypto dwelling. The platform has been a breakout success for the Solana network, if truth be told enabling anybody to originate a token with the clicking of a button—would possibly per chance well also objective the best skill memes acquire. Currently, on the opposite hand, the memes on Pump.fun have reached original degen heights, particularly after releasing its livestream feature lower than three months within the past.

Trevv is a lot from the handiest lost soul of the TikTok era to take his abilities to Pump.fun with desires of placing it crypto neatly off. Diversified fresh examples consist of Meth’d Up Dev, who smoked meth on trail, and DARE dev who region himself on fireplace within the name of his meme coin.

The meme coin manufacturing facility has been to blame for launching over a million tokens since the originate of the twelve months, with limitless uncertain acts going down on livestreams which capability. Critics of the platform would argue it’s potentially enabling dangerously abominable habits, admire taking formula too many capsules to set up out and pump some bags.

Trevv says he’s struggled with drug habit for years, first taking Xanax when he modified into as soon as ideal 12-years susceptible. He’s been chasing that top ever since, he says, and has tried practically all the issues. He’s taken to smoking raw fentanyl which capability of the dearth of neat heroin in his dwelling, he claims.

And no topic feeling scammed after his first flee at crypto, Trevv modified into as soon as not deterred. He acknowledged he deliberate to be taught as principal as he would possibly per chance well about crypto and attain inspire with something bigger and better entirely on his own. A coin that would possibly per chance well trail to “thousands and thousands and thousands and thousands and thousands and thousands,” he acknowledged.

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