mister miggles has been a fun and interesting diversion the past couple of days. co-opted community meme? rug? coinbase black op? other Coinbase cat coin communities doing some seething. nobody on farcaster talking about it ‘cept Kenny.

icebreaker.xyz/0xen |
https://gallery.so/Oxen/galleries | https://opensea.io/collection/farcats

i saw the TOSHI ppl tweaking about it on twitter

Coinbase has ignored its grassroots Base tokens so if it really is some kind of unofficial/official wink wink kinda thing I can see how they’d be annoyed. toshi has almost 500k holders

Yeah quite the liquidity drain. 

my conspiratorial take is that Coinbase wants a squeaky clean meme coin it can control. so set up miggles remix thing, then have a friendly do the miggles meme coin. their hands are clean from sec scrutiny. they probably underestimated the toshi scene

Or they know their audience well enough that they can successfully predict a miggles coin would be created by the market

bad for them though if it’s a rug or spun up by a serial memecoiner. why leave it to chance