To position for the upcoming BAGS token airdrop in Q3, consider accumulating points by actively trading on the Bags platform. A new Bags Liquid Staking Token (LST) is also expected within the next week, offering an estimated 8% yield on unclaimed platform fees. When investing in this ecosystem, prioritize coins with a verifiable creator or mission, such as Nyan Coin, over purely event-driven tokens. This strategy is supported by the founder's high conviction that Solana (SOL) will outperform all other blockchains. For a speculative catalyst, monitor for any public acknowledgment from Matt Furie regarding the Pepe coin on Bags, which could legitimize the platform and coin.

Bags Platform & Upcoming Token (BAGS)

• Bags is a new launchpad on Solana, founded by Finn, that allows anyone to create a cryptocurrency to fund ideas, with a unique focus on creator royalties.
• The platform's key innovation is a fee-sharing feature that allows coins to be launched for a specific creator (e.g., an artist, streamer, or public figure), who can then claim the trading fees generated by that coin by logging in with their social media account (Twitter, TikTok, etc.).
• Finn announced that the official BAGS token is planned for launch in Q3, stating it could be "any moment now."
• An airdrop is planned for the token launch, with eligibility based on a points system that rewards:
  • OG members from before the app was released.
  • Volume traders on the Bags mobile app.
  • Traders of any coins launched on the Bags platform (even if traded on other sites like Axiom).
• They are considering adding a multiplier for users loyal to Bags or a "hater tax" that would subtract points/volume for trading on competing launchpads.
• Breaking News: A new feature for a Bags Liquid Staking Token (LST) will be rolled out, potentially as soon as the "next few days" or "by next week."
  • This will allow holders of unclaimed fees on the platform to stake them in the LST and earn an estimated 8% yield.
  • This applies to all unclaimed royalties on the platform.
• The platform is expanding to support fee claims from creators on TikTok, Kik, Twitch, Instagram, YouTube, and GitHub, with the rollout expected imminently ("today or monday").

Takeaways

• The upcoming BAGS token launch is a significant event to watch. Potential investors could position themselves for the airdrop by trading coins launched on the Bags platform (BAGS CAs) to accumulate points.
• The introduction of the Bags LST could create new utility and demand for the platform, turning dormant, unclaimed fees into a yield-generating asset. This is a key development to monitor.
• The platform's strategy is to compete with market leaders like Pump.fun by innovating with a "better product" and features that are difficult to replicate, rather than just competing on volume.
• The expansion to other social platforms like TikTok and Twitch could dramatically increase the platform's total addressable market by tapping into massive, non-crypto-native creator communities.

Creator & Memecoins (General Theme)

• The podcast centers on the theme of creator coins and memecoins, highlighting both the massive potential and significant risks.
• Successful examples like Watercoin (charity-focused) and Nyan Coin (artist-focused) are presented as the ideal use case, where there is a legitimate mission or creator who benefits and engages with the community.
• The artist behind Nyan Cat has reportedly earned nearly $500,000 in royalties from his coin on Bags in about five days, showcasing the model's potential profitability for creators.
• Risky examples like the MrBeast coin serve as a cautionary tale. The coin was allegedly a "setup" that sold off immediately after the hype event, causing losses for traders.
• A key risk identified is the "PVP" (player-vs-player) scenario, where an influencer or developer engages with two competing coins for the same narrative (e.g., two "buy the hat" coins). This often leads to both communities getting "wrecked" as capital is split and confused.

Takeaways

• When investing in this sector, look for coins with a verifiable purpose or beneficiary. Coins tied to a specific charity, artist, or cause who acknowledges the project (like Watercoin or Nyan Coin) have a stronger foundation than purely speculative memecoins.
• Be extremely cautious of coins created around a specific live event. As seen with the MrBeast coin, these are often "sell the news" events where the coin's value collapses after the event concludes.
• Pay close attention to developer or influencer engagement. Finn's admission that replying to the MrBeast coin was a "major fuck up" shows how a single tweet can legitimize a coin. However, if they engage with multiple competing coins, it's a major red flag.

Solana (SOL)

• During a moment of excitement, Finn made a brief but very strong bullish statement about Solana's future.
• He stated, "Solana is going to flip every other blockchain."

Takeaways

• This represents a strong bullish sentiment on SOL from a prominent founder building a high-volume application within its ecosystem.
• While no specific price targets or detailed analysis were given, it reflects the conviction of builders in the space that Solana has a significant growth trajectory ahead.

Pepe Coin (on Bags)

• A Pepe coin was launched on Bags with the trading fees designated for Matt Furie, the original creator of Pepe the Frog.
• Matt Furie is known for being against unauthorized use of his art, but he has followed the Bags account on Twitter, which Finn interprets as a sign of acknowledgment.
• Finn speculates that if Matt Furie were to embrace the Bags royalty model, he could become the top creator on the platform due to the sheer volume of his meme-able artwork.

Takeaways

• This is a highly speculative but potentially catalytic situation.
• Any public engagement from Matt Furie regarding the Pepe coin on Bags or the platform itself could cause significant positive price action for the coin and bring massive legitimacy to the Bags platform. Investors should monitor his social media for any such developments.

MrBeast Coin

• This coin was created on the Bags platform to raise funds for a MrBeast charity stream.
• Finn from Bags replied to the coin on Twitter, which he now admits was a "mistake" and a "major fuck up" that gave the coin legitimacy.
• The coin's chart sold off heavily after the stream, and Finn believes it was a "setup" from the start.
• There are approximately $300,000 - $500,000 in unclaimed trading fees from this coin that Finn controls. He is undecided on what to do with them but mentioned he is open to community suggestions, including putting the funds back into the coin's liquidity.

Takeaways

• This coin serves as a prime example of the extreme risks associated with event-driven memecoins. The value was tied entirely to a short-term hype event.
• The future of the unclaimed fees is a key variable. If Finn decides to inject the ~$300-500k back into the coin, it could cause a significant, albeit likely temporary, price pump. This is a high-risk gamble to watch.