Johnny Shapiro
@johnnyshap
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@FinancialReview journalist covering finance, markets and investing. Arsenal fan and dad. [email protected]
Sydney, New South Wales
Joined May 2009
Thanks for reading Go Johnny πΈππ€ full article link here https://t.co/VjZ1Qu6alo
afr.com
Donald Trump has one. So does Melania. Both have created huge paper wealth. With Johnnycoin, we tested just how easy it was to get a meme coin off the ground.
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The experience has been worth it... Meme Coins are mental but they're more than a game; they're are a window into culture, society and speculation in the digital age, where nothing and everything is real.
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What happens now is anyones guess.. Will a weekend print article breath new life into the coin or has the fleeting moment of meme coin media passed.. This is Johnny Coin at the time publication 7.50am on Saturday morning..
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The coins tanked further but after midnight on Frriday the coins had a market cap of about $170k
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The Johnny Coin holders waited anxiously for the article (actually they probably forgot all about it) In the mean time I began writing the piece which went through the extensive production process
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The Medium article was hilarious as were the fabricated quotes!
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Starved of attention Johnny Coin tanked. But the community got behind the coin. There was an official Telegram channel and even a Medium blog post about it!
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But the situation got a little tense. Traders wanted me to promote it. They didn't trust the authenticity of the coin and future coverage.. I had to either prove this was not a scam by tweeting about it, or it would crater. But if I did, I'd be pumping the coin. We sat back.
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All hell broke loose. Johnny Coin mooned! The market cap went from $20,000 to $100,000... That meant it graduated to an exchange.
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But my colleague @MarkDiStef thought this was all hilarious. He decided to tweet about it! https://t.co/DcBuo6h14g
Senior AFR reporter @johnnyshap has launched a meme coin as part of a story/experiment so like what could go wrong. Disclosure: hes not making any money off it
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The first 23 hours of Johnny Coin were uneventful. Other than a few excitable comments, it was mostly friends and family banter hinting at what a dumb idea it is
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We asked the regulator about meme coins. They pointed us this guidance.
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This was a meme coin like no other. Unlike other coins were weren't trying to make money (we decided to never sell) this was created purely to see would happen...We were later told it was the first time a journalist had ever made a meme coin before.
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$GOJOHNNY could now be bought and sold https://t.co/qvIh11W3Rk Go Johnny πΈππ€
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But once we had our coins where we needed it was just a few clicks of a button. Our graphics gun Michaela designed an image an Johnny Coin was born!
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The hardest part about making a meme coin was moving $A out of my bank account on to an exchange and into a Solana wallet to seed the meme coin. This involved countless identity checks including a selfie video to prove I was a real person.
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