$CHATTY, Meme Coins, Alt Coins, History and The Coming (Possible Super Cycle)

Today, I want to discuss a meme coin called $CHATTY and the meme coin sector of crypto. but first, I need to take you on a ride through crypto history. Let’s go back, to a simpler time…

Where it started…

Back in 2016 when I got into crypto, meme coins were a big nono for the most part. We were predicated on finding the coolest and newest tech that would revolutionize finance, freedom and commerce. Particularly, for me personally I was vested in seeing a free market. As this is what aligns with me morally and politically, I was looking for the coolest newest tech. As far as meme coins went, we saw the come up of the OG’s we know of today. DOGE, PEPE Cash, crypto kitties on ETH and the like. Ultimately, meme coins are nothing new, they have always been in crypto.

ICO’s

I was there in the ICO bubble along side the likes of Ian Balina, Oh Hey Matty and the other greats of the space. Grinding in the then “trenches” and we all performed very well. But at some point, something changed.. (And this is where things come full circle for Block Advisor IO.) As one of the first posts on this site circa 2019 “The Problem With IEO’s” was when the change started. Exchanges started subverting the ICO. See, the thing is. Crypto is predicated on giving people an equal playing field in a free market. It is a place where if one does their research, grinds it out and pays attention, they can have unlimited potential to earn. This was supposed to be (and still will be) the decentralization of the IPO, giving the little guy a chance to make it big. Full stop.

ICO’s Opened the Field

The ICO was a place where anyone could get in, it was fair use, fair launch. Just DIY and be there early. Again, the decentralized upgrade to the IPO in the ICO and I invite anyone of you to try and get into an IPO. Its not possible for the regular people, this is why the rich stay rich and the poor get more poor. The subversion of the ICO by exchanges and VC’s took that away from us. Fast forward to the last cycle, no one could even get in to the IEO because they made it a lottery. And who knows if they were fair with those lotteries. They could of easily lied and claimed it was a lottery but then awarded huge allocations to friends, influencers and the like. Which was exactly what happened.

Thus, the ICO was dead.

To add insult to injury, greedy VC’s and exchanges used the IEO & IDO “winners” as exit liquidity. Resulting in charts that look like this:

From 2021 till now basically, everything for ALTs have been abysmal to say the least. There hasn’t really been any runs, not like what we are used to from 2017. Great projects that are building real, innovative things have gone by the wayside, all because of the greed of VC’s and the projects in question. Which has stifled crypto, giving us the bear market of 2021 2023.

What meme coins really are.

Meme coins in the current day are the backlash and direct result of greedy VC’s, exchanges, corrupted project teams and BS influencers that used public sale investors, market investors and traders as exit liquidity. It’s really that simple. Now it has gotten to the point where many projects, which are still alive and actually building great tech are tossed by the way side and in many cases being referred to as cucked chains and with good reason, because investors don’t want to contribute to this corruption. THIS is why we got into crypto, to get away from corruption.

MEME coin hate

Back in 2016/2017 I remember clearly that there was a lot of controversy with ICO’s Just because of the nature of the game. It was highly speculative, dangerous, there was a lot of argument of what was possible and teams were boasting big claims. In any market, the people that are sitting comfortable with their safe assets will always speak ill of the people taking on more risk. So pay them no mind.

At the same time, a lot of meme coin hate is the result of aforementioned VC’s and influencers trying to change the narrative back to the coins they have bought in private sales, so they can dump on your head once again on a down only chart. At this point, its hard for anyone to trust them. Don’t get me wrong, I have nothing against ICO’s and presales. But when we get to the point where VC’s are doing private sales under the table and getting huge allocations to dump on the heads of the little guy, you will end up with a broken market every time. The playing field needs to allow the little guy to make gains.

Enter…

Pump.fun

Taking back the power from greedy exchanges and big time VC’s, stupid “lotteries” that no one can get into, presales that no one can get into, unless they are a big YouTuber or twitter influencer, the corrupt influencers that dump on their communities left and right and the rest of these crooks. Pump.fun is a place where decentralized, fair launch happens. Are there scams? yes. Just like there was in the ICO bubble. Just like there is in the traditional markets and its countless zombie companies. Pump.fun is where people with a little bit of money can go and possibly make a lot of it, and have fun at the same time. This is what the ICO and low cap market used to be. And the best part of it, big time VC’s aren’t invited.

With this said. Places like Pump.Fun could end up evolving into places where fair launches happen for many projects, not just meme coins.

Dangers of MEME coins

Again, just like the ICO bubble of 2017 / 2018, there was a ton of garbage. There is no market that is any different. Not only that, sometimes good ideas just don’t work out. That’s how it is. It was our job to pick through it, DIY and find the gold. In 2024 this is no different. There are many of us still looking for the next big ideas, the next fun meme or trend and so on. I have never stopped and I know the OG’s in the space have never stopped. We’re out here looking for quality across the board.

Enter..

CHATTY

Chatty is a CTO (Community Take Over) Meme coin. It was launched on Pump.fun by an unknown entity (This of which I have some fun crazy conspiracies on but I will save that for a future post). As such it was a fair launch and all of it’s tokens are on the market. There are no lockups, no inflation. What’s there is there. (projects should be taking notes).

$CHATTY  is the official mascot meme coin of OpenAI’s Chat GPT. Because it was taken over by it’s community, the goings on with the coin and community is ran BY the community which has grown fast. I watched this with my own eyes as I started watching and interacting with the chat from the beginning, 1 day after the coin was launched.

When I say the community has grown, I mean this is many ways. The CTO is having regular twitter spaces, regular group voice calls in the telegram group. They do regular raids and are all active as a community spreading the word and growing the community even more. It is refreshing to see.

Where Does $CHATTY go From Here?

Now that the CTO is in full swing, growing as a community, spreading the word and being a fun mascot of ChatGPT. $CHATTY is actually thinking of real use cases that the coin can be used for. One idea is that the coin could be used as a way to interact with an AI integrated with X.com (formerly Twitter). Which IMHO is a great idea. This is one among many ideas but the team is grinding, brain storming and putting in work to take this project to the next level and bridge the gap between a fun meme and an actual use case.

As for the price potential?

Let me start by saying, there is a lot of mystery and conspiracy surrounding $CHATTY… There are some interesting X.com (twitter) accounts that have also been interacting with the $CHATTY CTO.

There is an X thread post, see here: https://x.com/CryptoWisz/status/1859471846078357700

It explains that there are some accounts like @iruletheworldmo for example, that has been interacting with $chatty on X.com. No one knows who this mysterious person is, but some have theories that it is Sam Altman himself using an ALT account, if not him directly, it could be someone directly connected to him. Others think it could be someone from the OpenAI team, if not him himself.

There have also been other team members and ex team members that have interacted with $CHATTY on X.com which the X thread above linked to explains.

My conclusion is that there is an above 0 possibility that there are either team members or ex team members, or a combination thereof that could either have been involved with $CHATTY in some way or, maybe they just like it and the idea of the official mascot. Maybe they will one day actually endorse it, whether directly or indirectly. There is no way to tell and this is all just speculation.

On top of this, no one knows who made the coin. It could have been anyone. It could have even been them or someone from there for all we know. We don’t know.

What we do know is that:

The AI narrative is a win

The branding is a win

The $CHATTY, lovable icon and mascot of ChatGPT is a win

The community that has come together around this CTO is a win

The work that the community has been putting in is a win

The positivity in the Telegram chat is a win

The fact that these mysterious and influential figures are interacting with it is a win

The fact that the community is working to actually add a use case and a roadmap to $CHATTY is a win

The ticker is $CHATTY

And $CHATTY is inevitable.

All things considered. This thing could go thermo nuclear parabolic to the billion(s) in MC. There is real potential here.

A Meme Legitimized

There are many factors making this coin bullish IMHO. CHATTY being the official mascot meme coin of  world renowned ChatGPT alone is enough to do numbers, as we have seen other mascot / memes go to a billion and more. But the engagement if the community and team that has formed. Taking the torch and growing the community. Holding regular X.com spaces and Telegram calls, the growing Telegram chat, getting listed on all of the appropriate crypto sites and getting on more exchanges. All of this has taken this coin, launched on pump.fun and made it a legit thing with real potential and maybe soon, a real use case.

The Essence of Crypto

When we think of the crypto space and the vision of Satoshi. Like I stated before. I think it is about a free and open market where new ideas can be generated and flourish. Where anyone can join a network and mine, invest and participate. This is the essence of open source and a free and open market place. A place where one can join and/or form new communities who believe in something and try their best to see it through, and possibly make insane gains for their efforts.

THIS is the essence of crypto. When we think of Satoshi and what he created. When we think of open sourcing that bitcoin code and the resulting open and free market it created. IMHO, things like $CHATTY and the community that formed around it is what crypto is all about.

Final Conclusion

When digging in the low caps and meme coins. We want to find the gems. THIS is that. It has a super high level of trust as the CTO is alive, active and well. It is allowing anyone to participate and creating an open floor for people to speak. It has passed security audits, it has reached its bonding curve and has levelled off after the initial sell off. It is now in an accumulation zone and hovering smoothly at 2M to 5M market cap, making it a very low and attractive entry. And there you have it…

Thesis

NFA but I will continue to DCA into this project as it is full of great potential.

Wishing the $CHATTY CTO much success in the future.

Feel free to follow us:

Block AdvisorIO main account on X for the serious stuff: https://x.com/AdvisorBlock

Block AdvisorIO ALT account on X for the fun stuff: https://x.com/ItchyMoeKu

And join our small yet active Telegram chat for more frequent market updates, TA charts, FA and general crypto chat: https://t.me/blockadvisorIO

And feel free to follow $CHATTY:

On X: https://x.com/chattyonsolana

Join the Telegram: https://t.me/chattyonsolcto

Categorised in: Cryptocurrency Markets, Fundamental Analysis, Low Cap Coins & ICO's, Uncategorized

This post was written by BlockAdvisor