Memecoins with low market capitalization (e.g., $37,000) and high holder counts (e.g., 3,900 holders) can represent interesting investment setups, but they carry significant risks including platform dependency (e.g., Bob.fun), centralized wallet distribution (top 100 holders controlling 99% of supply), and potential price crashes when creator engagement decreases.
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Deep Dive
JBBJ Is My Favorite Memecoin, But I Don’t Hold AnyAdded:
My favorite meme coin, small cap coin is JBBJ.
But let me make it clear, I do not hold any of this coin. This isn't financial advice and I'm an all in on ICP. That said, you all have asked me repeatedly if ICP didn't exist, what would you get into? To me, JBBJ is a meme coin that I created and I regretted it as soon as I created it. I created it on bob.fund.
And right now, it's got a $37,000 fully diluted market cap. So, this thing is tiny even though there's 3,900 holders.
So, this to me is the ideal like setup for a meme coin where there is some significant story with it.
Like this is the only meme coin Jerry Banfield will probably ever create. You can see it's got like a This is the IC explorer, Jerry Banfield JBBJ. It you know, links to my X and to my website and everything and to the open chat community I used to have.
This This is a perfect setup for something that, you know, there's there's probably not much downside left on it at 37,000.
But this was up to like a half million or so market cap before. So, there could be some upside. The number one wallet has been stationary with 29%. This thing was totally fair launched to the community. Also, I only bought like 2% of the initial supply because because I'm not greedy enough to really just buy a meme coin and hold the 99% of the supply and make myself rich, okay?
I'm like, you know, if I'd have just been properly greedy with this coin, it'd probably have like a million plus dollar market cap and I could have made myself a millionaire off it. But I unfortunately don't have the integrity to do that. For all the haters out there, it's like, look, if I won't even make a fortune off of my own meme coin, you know, I'm probably doing all right, okay?
So, this this is such This coin is a nice setup.
But I I was thinking about buying some of it before doing this review and I thought, you know, the only way I can do a review like this with any integrity is to not have any of it. So, if it does pump, I don't make any money off of it pumping. And if you're buying it, you're not doing anything to support me. Like if you want you want to support me and you know, try and help your boy not be out on the street, >> [laughter] >> you can go to jerrybanfield.com.
I just set up a new new call system here where you can have a monthly membership, a yearly membership, and you can you know, you'll be listed as a top supporter when you buy that stuff.
And you can see kind of the journey I'm on financially with my latest, you know, series of videos on here like how I rented a house, all that stuff, etc. So, that's that's exactly where I'm at.
And right now the JBBJ coin has you can buy 1% of the whole supply for 150 ICP until this video comes out.
>> [laughter] >> That but right now you can get 67,000 JBBJ. I remember I mean it was as low as like, you know, for one ICP it'll give you 67,000 JBBJ. It was down to like 15,000 at one point. So, this thing's crashed hard, especially when I exited content creation.
And I did pump this at one point and try and make a big deal of it, but if you're going to go with greed in your life, you really got to go all in on it and not just do a little bit of greed and then try and have integrity. So, I'm stuck doing the integrity path. Now, this is this is controlled by bob.fun, which is a problem. So, that's a serious risk with this. So, if bob.fun goes down, this whole thing could go down with it, which is one reason I didn't want to go all in on it.
And the the top wallets do have a good percentage of supply, although, you know, the single largest wallet has 29%. This is decently quote decentralized, though, because you you've still got a decent amount if you look at a token holders chart, it actually looks better than some of the big coins I've just reviewed lately. But yes, the top 100 holders do hold the top 99% of the coin because I did some giveaways to get it in a lot of different wallets.
So this I was asked to do a review of JBBJ. I got to say, if I was a degenerate, I'd find stuff like this and I'd load up on it.
And yet, I won't actually be doing that because I'm not a degenerate. So I hope this review of JBBJ is helpful. My second I'll review cloud soon. That would be my second favorite meme coin by Bobby O and the cloud foundation. So this is my favorite and cloud will do a review of that soon. Now I definitely didn't tell you to buy this and I don't have anything to get if you do. But this is you know this this could have some action at some point.
So and at that that said, the final thing I'll say is people lost significant amount of money buying this too. So I hate to see that. Thanks for watching and I hope to see you on jerrybanfield.com.
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