In this issue:

• This Week in Neo Tokyo: Citizens The Whales Are Here (by PhoenixxDown)

• This Is (Likely) Not a Supercycle (by Flower83)

• From $LIVE to $LILY: Reporting From The Trenches (by Jeff Treves)

“Any $BYTES news, ser?”

ACTUALLY, YES. It’s time.

Let’s dedicate the headline section entirely to BYTES. Are we getting ahead of ourselves based on this move up alone? Absolutely—and we love it.

BYTES is currently sitting at $10.99 and has comfortably held above $10 for several days now, reaching a peak of $12.37 on December 5th. Why? Aside from the broader market—more specifically altcoins—performing spectacularly recently the marketing push from both citizens and meatbag BYTES holders has been a sight to behold!

First off, give Nenad his flowers. He’s been consistently bullish, even during the depths of the lows:

OG Citizen Andrew Jordan has emerged as a strong voice in The Citadel on all things BYTES and crypto gaming. Watch his thesis on why he’s so bullish on our token:

Presumed Elite-status meatbag, Ajith, has been all over the BYTES trade for his followers, with price predictions matching 2021 peaks. Can’t argue with that, sir:

Another OG Citizen, Dank, has been pondering the connection between BYTES and the upcoming launch of ByteStreet. Intriguing…

Then there’s Rex Alpin, who started as a “Rat in the Dumpster” (his words, not mine) but is now a respected S2 who posts solid theses on where we’re going, and it makes total sense:

Finally, Citizen Morvy spotted some interesting buying activity a few days ago. The whales are here, and they’re coming for everything: your citizens, your BYTES, your parts—the lot:

Nice work, everyone. The Citadel salutes you.

This is how things shaped up with the NT content:

Interlinked #59 – The CEO of Wilder World, n3o, joined Nick and Jared to dive into its tokenized ecosystem, innovative game design, and whether it has better gunplay than Cyberpunk!

Market Monday – The Market Monday crew gathered for the 99th (yes, 99th!) edition of Market Monday, where they aptly discussed Bitcoin’s battle for $100K.

By the time of the 100th episode this Monday, Bitcoin has already surpassed it, proving once again that Market Monday has more influence on the market than any of us realize.

Thankfully, we’ve shed the Jim Cramer vibe that plagued us throughout the bear market.
Listen back here.

Unfungible x NT #8 - This week’s gaming X Space tackled the question: “Can single-player games be successful in Web3?” Guests included Sparkball, Planet-X, PixelRealm, and BloodLoop, who joined to discussed whether it’s possible in a multiplayer dominated world. Listen back here.

BNV Foundation AMA - The promising digital platform joined the AMA to discuss rumors, gossip, and FOMO surrounding their product, which integrates fashion into the Web3 ecosystem through 3D product creation. Listen back here.

Zeeverse AMA - The AMA featured 0xEuler, founder of the free-to-play Web3 RPG, to discuss the game’s aim to be multi-chain and its current land sale. Listen back here.

Short Scoops

The Day of Consecration: The mint is almost upon us. Make sure you’re up-to-date on everything you need to know before 19th December.

History of the Hands: For Citizen ears only! In just a few hours time, Firestorm will be joined by Writing Lead, Seize, to dive deep into the history of our Hand competitions. Check the Upcoming Events section below to set your reminder in Discord.

Crasher’s Mission: The big boss of Shibuya Mall was recently featured on Interlinked. Here’s a brief snippet of the conversation. Be sure to check out the full discussion here.

Upcoming Events

• Unfungible X Space — Anime & Gaming — The Unstoppable Duo.

  Today at 12:00 EST

• Behind The Scenes – Code Breaker to Whisperer w/ Seize
  Today at 14:00 EST

• Eden AMA
  Sunday at 19:00 EST 

Until next week, citizens.

Ladies and gentleman, we made it.

Collectively, the crypto space rejoiced this week when BTC made history and broke 100k. This is what our ancestors wanted our future to be! We are finally here, at the leading edge of humanity’s ascension!

But with all that, also came the delusions. Many top signals and many bulls that are “believing in something” just a bit too much. Many people are unironically throwing around words such as “this time it's different,” “welcome to the supercycle,” and “we might not be going back down again ever again,” and of course, “there are just too many institutions getting involved.”

You know, I even heard the ancient and forgotten term “WAGMI” used again in a bullish non-mocking context.

From many of the people I talk to, I hear reports of their parents and friends calling them for some financial advice and asking which coins to buy ,and how big the bank loan to take out. sigh

Sorry, but you missed the boat. You had 2 years to sell your house for Sol. Now is the time to be DCA-ing out of crypto not into it. So, let's calm down a bit. Let's not get ahead of ourselves. Lets not give in to greed and euphoria.

Listen, I am not bearish here, so don't get that twisted. All I am saying is, don’t round trip your gains for the second (or some of you third) cycle in a row!

You came here all the way from the bear market lows.

You bled and suffered for days like this.

You have made promises to yourselves.

You set up realistic goals and sell targets and you came to understand, in the depth of the brutal bear market, that you were not a genius last time around, you indeed just got lucky.

For some of you I can already see the gears spinning, I can smell the smoke of your feeble brain producing sinful thoughts, thinking “wait what if I am a genius after all.”

C'mon dude… YOU ARE NOT. Let it go. Remind yourself what you came here to do, and stick to it. Six figures is a lot. Seven figures is INSANELY HUGE.

Also, another hard truth many of you need to hear: most projects are bad. Most games are boring. Most L2’s, protocols, DEXs, bridges, NFTs will go back to zero in the next bear. And yes there will be another bear. A smaller, shorter, and softer one, but you better believe it is coming at some point.

It's no secret that everything is pumping and we are now in the proper bull run. But please, do not round trip you gains this time.

For the past two weeks, thousands of people were hooked on the story of the rising star Live Stream Guy (LS), and the community token of his dog, $LILY - which he left on the cold, wet streets.

This is a follow up story, to read the first one, visit this link.

I Burn and I Rug

Remember how LS guy burned $450K worth of his own tokens? Well, that move later landed him onto a position without funds to further grow his coin. The Toobit CEX listing for $LIVE was made possible by the connections of WorldWideJuss and community donations.

The first big mistake LS guy did was to send roughly $25K donations for the CEX listing to a scammer's wallet. I have seen no evidence that this was an inside job so far, so I'll just call it a huge mistake due to inexperience.

The community immediately raised another $15K for the listing and the coin went live on Toobit. $LIVE coin’s price spiked up 3x that day, naturally dumping some after the listing.

It turns out that you need lots of moving parts to pump a coin in a bull market, where a thousand meme coins being created each minute:

• Cash to pay for CEX listings

• volume bots for screeners

• paid boosters to move your coin up on the charts

• market makers

• voluntary raiders

• let alone some compensation for the people working on the background for the project, like website designers, moderators, etc

A Beta Play by the Community

The community came up with an idea to provide future liquidity to LS guy, so that he can pay for these expenses without further donations from the community. They created a community token named after his dog $LILY, they bought 250M tokens which is 1/4 of the total supply, and sent it all to LS guy's wallet - so that he can trim the tops "a little" every time the market cap of $LILY rises.

That day was a total blur since I woke up to a new coin while I was watching LS guy for a week, and things were happening on light speed. However, I have talked to the team afterwards, and they said the LS guy knew about this before the token was launched on PumpFun. I also saw partial receipts that was pointing towards he was onboard right after the coin was launched.

To be honest, it was an uncomfortable day for me, since I had conviction on the project. But sometimes life happens, and what matters is your reaction to what happens around you.

Screenshots Start to Drop

LS guy's first reaction was to say that he didn't know about $LILY and that he was looking into it. His second reaction was denouncing the coin and separating $LIVE from $LILY completely.

On back channels, CT team urged him not to dump his $LILY allocation on his supporters. After all, people who bought $LILY were also the ones who were invested in $LIVE.

LS guy refused it.

Told the CT team that he was going to sell the tokens.

Went back on his live stream.

Told everyone that he was selling all of his $LILY.

And then dumped 250M tokens in one clip for a mere $7K.

$LILY price tanked to ~$20K market cap from $250K.

So much for "I don't rug, I burn..."

Two Coins, Two Lores

The division between the two communities intensified that day, everyone had to pick a side within the next couple of days. The team that created $LILY admitted mistakes on their initial miscommunication to the public. They insisted on their good intentions and they have been open to make peace with LS guy.

LS guy wants to grow as a streamer, so he initially attracted both Web2 producers and Web3 degens into the same project. His producer (who had invested only 800$ in $LIVE coin at the time, according to him) wants to land him on high profile Hollywood deals; whereas his crypto community wants this coin to grow like a Web3 project should.

If we deconstruct "Live Stream Coin", it's “Live Stream” + “Coin.” So it makes sense that these two should go hand in hand for success.

But what happens when we deconstruct the "Live Stream" part? What is the stream, what is the entertainment, what is the content here? Initially, the coin was the show. The chart was the show. So, it bears on the question “what niche the LS guy will lead without it in the streaming world, since the chart hasn't been going up anymore?”

Some Heroes Don’t Wear Capes, This One Does

Adults (whales, wiser people) showed up the next day and tried to establish a peace deal between two sides. LS guy came on the CT spaces. Harsh words have been thrown around at first, emotions were high.

The situation was mitigated by level headed people, most notably by the burner account 0xGucciVader, a well spoken, down to earth whale who was both heavily invested in $LIVE coin and have been raiding in the CT trenches like a complete degen. That X spaces ended with Kumbaya and 0xGucciVader sending another $5K donation to LS guy for his next CEX listing.

And I thought the fight was over...

Hail to the King

But chats and streams and spaces kept going on on both sides. And we know that the community is always more royalist than the king. Attacks continued on the third day, and it was clear that a separation was inevitable. CT team, the wise men and 0xGucciVader reached out to LS guy and his producer one last time, for them to come to the round table and end this feud. LS guy refused, saying "he won't come to a space where his name was being dragged in the mud".

LS guy also refused to send the $7K he made from dumping 250M $LILY (which later ran up to $4M market cap, surpassing $LIVE coin) back to the creators of the token.

In effect, he first condemned the token, didn't send it back but kept it, dumped it on his community in one clip, and poured that $7K back into his own coin.

He may be young and inexperienced, but at that point, his egocentric mistakes were piling up at the expense of his community's livelihood.

The rest is is still happening as of the time of writing. To be open, when I heard LS guy saying he won't come to the round table, I cut my 50% loss on $LIVE and bought $LILY with it, since I believe that one must always be open to communication.

0xGucciVader, the biggest holder, also lightened his position in $LIVE, leaving only a small moon bag and wishing LS guy well before he disappeared in the shadows.

I don't gamble with more than I'm ready to lose, and this is NFA. I don't know what the Trench Pirates, as the $LILY team calls themselves now, will turn into in the future.

But so far, they have been hell a lot more fun to listen to than watching the guy sitting on his chair.

All content from Neo Tokyo News is for entertainment purposes only, and not financial advice.

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