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

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

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