Miles Deutscher
@milesdeutscher
Crypto analyst. Busy finding the next 100x. Tweets aren’t financial advice. Sharing early alpha in @mileshighclub_.
Joined June 2013
1.9K Following    576.9K Followers
LKY has quickly become one of my favourite meme coins. Good opportunity to buy the dip now if you missed the initial run imo. Here's the full $LKY thesis. 🍀 Facts: • LKY is the OG DOGE (DOGE was originally a fork of Luckycoin, which launched in May 2023) • It's the oldest active memecoin chain in existence • It has the 22nd UCID ever (was a top 20 token in 2013) • Real market cap is only ~$70m as many tokens are dormant/lost • The chain was revived in 2024, and unlike many other "restarts" on the market, it kept the OG chain state that was publicly available on Bitcointalk - picking up from block 81,743 Narrative: • The "lucky" aspect appeals to human nature, as luck is such a fundamental component of society (particularly in Asian culture) • 🍀 symbol is instantly recognisable • Chinese new year on Jan 29th (main theme is luck, wealth & prosperity) • St. Patricks Day is March 17th • It has a truly unique narrative in a market with tons of forced narratives • There are so many meme-able one liners, "they'll say we just got LKY" etc. Opportunity: • Mining activity has recently picked up (its hash rate has even been sitting above $LTC and $DOGE), indicating extreme interest. All major mining pools seem to be integrated inclusive of key exchanges that operate a pool • Community and holder-base has been growing rapidly, and they're super passionate • Still not on big exchanges • Almost a 1000x away from $DOGE in terms of market cap (so much headroom to grow) Full transparency: I accumulated on the open market between $2-3 and have recently added more to my position at $8. I haven't sold a single token yet. I took a position because the narrative immediately stood out as something fresh & the lore runs deep. Like any meme (esp. lower market cap ones) there's risk involved so DYOR and implement risk management if you choose to enter.
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