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Ca Non
@canon
Telegram Confirms it Gave U.S. User Data to the Cops Telegram finally updated its transparency bot to provide data on law enforcement requests.
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Cây Thúi
@chicken
Crusaders: Ardent believers (aka “reply guys”) who tirelessly shill and promote their project in any and all context. Their focus lies on heretic conversion and raids to defend their Cause. Crusaders also rely on a shared culture base of memes and lingua to differentiate between laymen and heretics.
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Vien Tin
@vientin
Nowhere is the post-religious landscape more intriguing than in the world of cryptocurrency, where digital communities have taken on the traits of religious cults. Unlike the fleeting consumerist trends or celebrity worship, crypto movements are deeply ideological and centered around technology, decentralization, and financial autonomy. In the crypto context, these are usually tight-knit, select, and terminally online laymen, characterized by the "Godhead":
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iguverse
@iguverse.eth
In a world that no longer relies on divine intervention, these modern cults offer the solace, structure, and sense of identity that religion once did. And in this age of hyperconnectivity, crypto may be the most fascinating frontier yet.
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Gop
@guop
Fanbases: In the new world, celebrity worship has its own churches, and fandoms are the congregations. K-pop stans, Swifties, and others share a religious-like devotion, complete with hierarchies, insider knowledge, and rituals. These communities offer a sense of identity, where the music or celebrity becomes a source of meaning and belonging.
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Cá Ba Sa
@cabasa
👍 👍 👍
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coccoc
@keongot
The memecoin space however, will only get harder to trade in time. Tools like pump.fun and bonkbot has commoditized the creation and trading of such coins that the trenches are rougher than any asset class out there. While the structural bull market will ensure a more accommodating market, the access of which memecoins can be created ensures that the odds are stacked for the average trader who does not have access to the Cabals. The lack of a product means that laymen would not have something to find solace in, resulting in more paperhands. To that end, memecoin "cults" are generally vapor-like, appearing in bursts and disappearing with market whims.
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Sontungmtp
@sontungmtp.eth
That said, its lack of utility and product also unbounds valuation from reality, and is not held back by revenue nor metrics. While such memecoins are characterized by mercenary crusaders, weaker lore, and slippery pagoda, the very few that do thrive despite these flaws have generated asinine returns for its most devoted. Even today, while many OG "utility" tokens like Litecoin or EOS have lost its prime position as the top 10 coins from years past, dogecoin has instead ascended and is now trading at $17b MC.
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Mytam.eth
@chanhday
At the core of memecoin "cults" lies one unshakable foundation: price action. Unlike other communities that rally around a product, ideology, or mission, the strongest allure for memecoins is the wild fluctuation in the coin's price. This draws in low-quality laymen, creating its signature "burj khalifa" price action. The absence of a lodestar (product or dream) however, is a double-edged sword, revolving around the value of the token. Without a basis — no product to return to, no intrinsic value, no unifying mission — many communes fall apart easily when the speculative frenzy ends.
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Hejustin
@conmeo
While the deeper-rooted crypto communities offer real utility and a solid foundation for their devotees, the crypto world also plays host to a more transient, fragile cult: memecoins. These represent the most fragile and fleeting type of crypto cult. Unlike Bitcoin or Solana, which have real-world applications and long-term communities, memecoins are driven largely by hype, humor, and virality. Their laymen are mostly mercenaries, drawn to the volatile price action and viral moments rather than any ideological foundation. As such, such cults mostly turn out to be explosive, attention-grabbing, and often short-lived.
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Gacon
@gacon
These metrics are highly impressive, considering the stage of the protocol. Crucially, Hyperliquid barely incentivizes perpetual volumes at all, with the bulk mostly going to spot. The whale longing $176m worth of BTC on Hyperliquid has only garnered 15k points for his massive position, barely top 500 in rank amongst all points holder. Having PMF and a solid user base will lend immense longevity to the Cult's persistence, thereby laying the groundwork for its grand ascension.
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Khế Ngọt
@khengot
Hyperliquid is still in its formative stages, but its combination of enthusiastic crusaders, compelling lore, and tangible relics suggests that it could soon join the ranks of fully-fledged crypto cults. Additionally, the platform boasts of metrics that hints at Hyperliquid's claim on the holy grail of products — PMF
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@lammay
On Twitter, Crypto's most public "Agora", Hyperliquid crusaders have emerged to bring word out, from evangelizing the protocol to defending FUD from incumbent cults. The Cult also has an impeccable genesis myth, namely its immaculate conception (bootstrapped entirely without any VC backing) that no other project has been able to achieve in recent times. This is even more poignant in our current times, where the market are saturated by multiple low-float high FDV listings of VC-backed projects that have went down only. At the same time, we see multiple exclusive Communes being created in the space, from HypurrCollective (3rd party ecosystem commune to foster growth) to HyperActive (3rd party ecosystem fund). In addition, during the recent (2024) Token2049, Hyperliquid held its first official event which gave out plushies, which have turned into coveted relics in the space, reinforcing the cult-like devotion within Hyperliquid's growing community.
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Nguyễn Phương Nhi
@beautiverse
Several well-known crypto protocols have risen to cult status, the most notable of which are BTC, ETH, and SOL. Whispers abound however, of a rising cult — Hyperliquid, which while nascent, has all the trappings to ascend as one.
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Đà Nẵng
@chetruoi
Lore: Memes, copypastas, and history that underpin the bedrock of the Cult. These are stories with inside references that only the devoted laymen would understand, which further unite the commune with Us against Them. The strongest cults also share a common "resurrection myth", of surviving a traumatic near-death experience, from BTC's Mt. Gox to ETH's The DAO to SOL's SBF downfall. Lore can also be bolstered by "relics", meta/physical limited edition merch that serve as one's proof of OG within the cult.
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Lam-May
@lammay
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