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A crypto livestreamer duo claims to have performed unreleased songs from rap icons Drake and Future on Pump.fun over the weekend. In flip, their Solana meme coin skyrocketed to a $53 million market cap, whereas the pair earned $83,410 from creator charges over simply two days.
Aubrey “Drake” Graham referred to as streaming large Adin Ross whereas he was stay to research who the rising content material creators are.
“I don’t even know who the fuck those kids are,” Drake mentioned to Ross. “What, you actually don’t know who those kids are?” the streamer responded. “I just asked you who they are. What the fuck?” Drake clapped again.
The crypto streamers later claimed that Ross messaged them, asking the place they discovered the leaked observe. “We told him come on our stream [and] we’ll let you know,” one of many duo mentioned. “He still hasn’t responded yet,” he added.
Bagwork, the rap observe leakers, are a pair of unnamed content material creators who’re believed to be 19 years outdated. They have been on the forefront of an explosion in crypto livestreams over the previous week, as they’ve carried out a spree of viral stunts.
On Wednesday, one of many devs invaded the sector throughout a Los Angeles Dodgers baseball sport. The subsequent day, the opposite dev was slapped by gym influencer Bradley Martyn after trying to steal his hat.
Streamer Gets Slapped by Gym Influencer Bradley Martyn, Pumping Solana Token
Clips of the pair broke into the mainstream. As a consequence, their token had jumped to a $2 million market cap by Friday morning. The token then spiked 2,965% to a peak of $53 million on Sunday, per DEX Screener, following information of their having allegedly leaked unreleased rap songs. It has since retraced 41% to $30.89 million.
Bagwork are streaming on meme coin launchpad Pump.enjoyable, which rewards coin creators with a proportion of all of the trades positioned on their token. These creator charges imply that the streaming duo doesn’t need to promote any tokens to make a revenue.
In truth, in accordance with Pump.fun, they’ve made $168,000 in creator rewards over the 4 days since they launched. On Saturday and Sunday, the duo pocketed $83,410 in rewards as they declare to leak songs from Drake, Future, and different artists like Lil Uzi Vert and Playboi Carti.
The pair’s virality coincides with the explosive progress of what’s termed “creator capital markets.” It’s a time period to discuss with livestreaming with a crypto token hooked up. It follows Pump.enjoyable’s implementation of a new fee model initially of the month, which has seen token deployer rewards skyrocket. Over the previous week, some $20 million value of creator rewards have been claimed, in accordance with a Dune dashboard.
On Sunday, former League of Legends esports participant Michael “BunnyFuFuu” Kurylo began streaming on Pump.enjoyable, earning $217,000 in creator fees in simply two days. BunnyFuFuu’s transfer to Pump.enjoyable marks the primary mainstream content material creator to undertake the platform.
That mentioned, Pump.enjoyable’s underbelly of degeneracy stays.
The 7 Wildest Meme Coin Livestreams on Pump.fun in 2024
A consumer put their cat Elizabeth on a stream on Thursday and has earned $97,660 since then. Another streamer painted his face as a clown and has been working across the streets like a madman below the ticker Dare, incomes $45,000 in the process. A 3rd streamer claims he’ll run on a treadmill till he hits a $100 million market cap, he’s at the moment at $1 million and has earned $28,940 in rewards.
“I think the big thing is that Pump.fun is changing the way creators have always made money from streaming,” pseudonymous Twitch and Pump.enjoyable livestreamer Lucky informed Decrypt. “Instead of a one-way transaction [such as a donation], now the creators community can win WITH them as the channel grows.”
Solana Dev Hospitalized With Third Degree Burns Trying to Pump Meme Coin
Pump.enjoyable’s latest progress and inroads into the mainstream have come after it confronted early controversy within the wake of its launch.
Last yr, Pump.enjoyable skilled an inflow of contentious streams, together with animal abuse, self-harm and a faked suicide, that pressured the platform to close down its livestreaming characteristic. Since its return initially of the yr with new content material moderation methods, the platform has but to expertise one other interval of controversial streams.
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