What are Fake Memes

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Over the last 24 hours a full set of @fakememes_eth has run from 0.5 ETH to 4 ETH and I've been getting a ton of DMs asking me why and what is happening? This will be an update thread covering new information and trends that have surfaced over night 🧵

But first you're going to want to review my thread from last night that has now surpassed 20,000 views 👇 Also want to note that I'm just a collector and not a member of the @fakememes_eth. Just been collecting Rare Pepes and Historical NFTs since 2021. twitter.com/jakegallen_/status/1618404315072462853

It all started with @JPegKillah launching a 1 hour open edition mint for "FAKE FACTORY", which is a fake @GrantYun2's "MEME FACTORY" in @punk6529's The Memes collection. twitter.com/JPegKillah/status/1613323423517638656

8 days later @Carsonated launched his first drop of the year "Freedom to Transact?" which is a fake "NakamotoFreedom" in 6529's The Memes collection. twitter.com/Carsonated/status/1616244834729082880

2 days later OG Rare Pepe artist and @FAKERARES_XCP creator @ScrillaVentura launched his own FREEDOMSEIZE which poked fun at his friend @dan_sickles for unloading his Meme bags and then purchasing FREEDOMKEK, which is Series 0, Card 0 of Fake Rares. twitter.com/ScrillaVentura/status/1617272832504758273

Organically @PepenardoStudio and @viva_la_vandal launch their own fake memes days later. Eventually coming to the idea to create @fakememes_eth. Which is a group of Rare Pepe and Fake Rare artists. twitter.com/jakegallen_/status/1618422532658561026

Overnight Freedom to Transact? ran from 0.35 ETH to 2.4 ETH as collectors gobble up all 5 tokens listed above to be able to mint a MasterPass. Seeing some largest NFT collectors joining the fun like @dingalingts 👀

Here's the alpha and everything you need to know for the upcoming Allow List snapshot.

The @fakememes_eth Telegram group is now open. twitter.com/fakememes_eth/status/1618651802723028993

Fake Memes have been added to the Fake Rare Directory.

And now the current meta after acquiring a set of 5 is to find which cards will make it as Series 0 of @fakememes_eth. As beginning in Series 1 all tokens will be on one single storefront. twitter.com/fakememes_eth/status/1618680757932945408

If you're familiar with @FAKERARES_XCP then you'll know those 15 Series 0 cards have become quite valuable because of scarcity and/or value. Average value between the 15 is about 1 ETH each.

Okay Jake, just get to the point already. Which cards do you think will make it into Series 0? I've been gobbling up some fake meme cards from artists that are native to the pepe community and art I like personally. Everything I'm about to share I own,

XCPPEPE by @TheMontiCrypto

$USSDROP ☲ Moto Animals by @iamdrsuss

SEIZE THE MEMES OF REPRODUCTION by @al_fernandz

Fake Bear Tactics by @chrome_void

There are many out there. And there will be a community vote to see who makes it into Series 0, before moving to 1 contract for Series 1.

So what do you guys think about @fakememes_eth? Does this movement have a strong foundation? Are memes the new pfps or just the meta for now? Drop your thoughts in the comments and links to any cards that may are contenders for Series 0 👇 (watch out for scams)