👑 Meet the new queen of meme coins

Howdy, guys! We hope you are fine and hanging in there regardless of the volatility of the crypto market. This is the buidlbee crypto community. Yes, it hurts us to see the red candles, too. But we know that there are always plenty of new possibilities in crypto. As an example, the Milady meme coin. But, let’s analyze this and many other interesting things in more detail below.

We have the following for you in a letter:

• A hot situation at the macroeconomic level;

• Weird facts about Milady's new meme coin;

• Bitcoin Cash (BCH) has every possibility of surprising;

• Claim PET by Hello Pets.

And now for the traditional short summary of the main events of the day:

• Retail investors are actively accumulating BTC, and miners are not selling coins amid high commissions;

• Brazil's central bank opens applications to test the digital real;

• PayPal's cryptocurrency assets are up 56%;

• The Central Bank of Ireland called BTC a “lottery”;

• A former Coinbase manager was sentenced to 2 years in prison for insider trading;

• Tether, the issuer of Tether (USDT), the largest stablecoin by capitalization, posted a net income of about $1.5B for Q1 2023.

♨ Hot on the macro level

The CPI (inflation rate) for April came in slightly better than expected at 4.9%, with a forecast of 5%. This suggests that U.S. inflation has slowed down a bit. But despite this moderate positive, the markets are showing very little growth-the S&P 500 is up less than 0.3%. Bitcoin briefly rose to $28k on this news and then pulled back to $27k again.

Negative sentiment around US government debt and the aggressiveness of the SEC towards crypto prevent more significant market growth. In the meantime, instead of just banks going bankrupt, yesterday the news came out that the whole state is already going bankrupt: California defaulted on its debt to the federal government. And this is a state with a GDP of over $3.6 trillion!

Biden's meeting with congressional leaders was not positive. After the meeting, Biden said that "default would be devastating for the U.S. economy. The surprising carelessness of the U.S. authorities towards public finances and the increased attention to crypto look rather strange.

Ⓜ Milady: even more strange facts

Elon Musk tweeted yesterday about another meme-token, Milady, and its associated NFT collection — the token has grown more than 10,000% in the last 24 hours. It's easy to see the strange facts involved:

• An hour before Elon Musk's tweet, an unknown user bought 8 trillion Milady, now with an unrealized gain of $700,000.

• 42 addresses hold 205 trillion Milady, which is 23% of the total supply — all of which simultaneously received ETH from KuCoin and bought tokens. This most likely says that there is some super whale behind a quarter of this meme-coin's turnover.

• The top 3 Milady addresses are blacklisted by developers; now they can't sell their tokens. A very handy solution when you have such a "magic button", because you can easily remove "random passengers". The very same mechanism is implemented in competitor $PEPE.

• The largest holder (the address belongs to the project team) of the Milady token previously bought $PEPE for 0.013 ETH at the launch of the meme-token; now the value of $PEPE on its balance is $4 million.

• The project website says that part of the tokens will be distributed to Milady NFT and $PEPE token holders. Once again, a close connection to $PEPE?

Earlier, it was reported that there is a coordinated action by a group of anonymous individuals who are serially creating and pumping meme tokens. For example, CZ warned his subscribers:

There apparently are groups of people trying to buy accounts I follow, then issue meme coins. I unfollow and block them. Don’t get into those meme coins either. Understand the risks.

We urge caution in speculating in new meme-coins because the lack of transparency of these markets and fair play is obvious.

💲 Ideas

[1] The role of insiders in trading

Above, we wrote about an unknown user who bought 8 trillion Milady an hour before Musk's tweet. There are many indirect hints that it was an anonymous trader known as "smartestmoney". This trader has previously become widely known for a series of successful trades that are difficult to explain other than insider trading.

This is how analyst @lookonchain describes one of his recent trades:

The guy who calls himself "smartestmoney" transferred $7,868 $ETH to #Binance 10 hours before the announcement of the Fed rate decision. Then received 19.6M $USDC from #Binance 2 hours after the announcement. Really smart!

The luck with which he makes such transactions raises suspicion of extraordinary awareness, so many are studying his blockchain transactions and keeping a close eye on his wallet, "smartestmoney.eth".

Here is an alternative to the standard technical and fundamental analysis of the markets: this is insider analysis.

[2] 🔔 Bitcoin Cash (BCH): ready to take off?

In August 2017, the altcoin season was in full swing, and then the first historical BTC fork occurred, which resulted in Bitcoin holders receiving free BCH 1:1. After the fork, the BCH/USDT pairsoared to $4200-4400 on various exchanges. But while BTC was able to grow 20 times in value during 2019-2021, BCH failed to rise at even half the rate of ATH.

On November 15, 2018, the Bitcoin Cash blockchain was split (hard forked) into two branches: BCHABC and BCHSV.

For almost a year now, the BCH has been moving in the $100-150 range. But yesterday, when the cryptocurrency market was in tight consolidation, BCH/USDT jumped 12% and closed the trading day with a powerful green candle. The related coin BSV gained +50% for the day.

According to P_S_trade technical analysis, if BCH/USDT fixes above $150, the chart shows all levels where you can sell your BCH. The levels at the top for selling are $250, $340, and $550. The most positive and ultra-unreal forecast is $900.

[3] 🔔 $PET airdrop from Hello Pets

Hello Pets is a metaverse where you can play using your NFTs. Hello Pets recently acquired 10 BAYCs to expand their metaworld. A total of $6 million worth of different blue chips will be purchased. Right now, Hello Pets has a few games, but they are all in the demo.

Hello Pets decided to make a $PET token drop for everyone who swaps to Uniswap in the next 180 days ($100+). Claim tokens here. If you want to part with received $PETs, you can do it on Uniswap, Gate, or MEXC.

1. Battle of Blue Chips is a game in its metaworld. You can play for the following NFTs: BAYC, CloneX, Meebits, Pudgy Penguins, Beanz, Wonderpals, and Meow Meows. You can fight both in PvE and PvC modes. In the future, a PvP mode will be added.

2. Meow Meow Kingdom is a game where you can freely walk around the world doing quests.

3. Meow Meow City is an ordinary city where you can just walk around or chat with other players, reminiscent of VR chat.

4. Concert of Blue Chips is not available yet, but in the future, the developers promised to invite artists to give concerts there.

Good luck and many "x"s, guys! See you tomorrow 🐳