As a seasoned observer of the cryptoverse, I’ve had the privilege (or misfortune, depending on your perspective) of witnessing the meteoric rise of Ansem, the self-proclaimed memecoin king. His journey from a small-time trader to a social media sensation is nothing short of extraordinary, and it’s a tale that mirrors the wild ride that is the crypto world itself.
Supporters of the Soviet style of boxing follow a highly structured and uniform training regimen, devoid of any extras or individual tailoring. It’s all about sticking to the same plan as everyone else without any variations.
That’s how an Uzbek boxing trainer put it on a chilly Wednesday morning in a gym in deep Brooklyn. He’d been hired weeks earlier to prepare the crypto trader Ansem (real name Zion Thomas) for a fight for the influencer ages: Ansem, one of crypto Twitter’s current main characters, against Bitboy (Ben Armstrong), the gregariously controversial Youtuber and token shill machine.
Tall Ansem could potentially extend his arms to throw punches at Bitboy’s father’s expanded physique, but oddsmakers still considered the 28-year-old a longshot. Coach Timor Ibragimov growled with satisfaction, secretly hoping they underestimated him. He warned me against recording Ansem during training, fearing that Bitboy’s team (and even his UFC trainer, for a boxing match? How absurd!) might discover what was in store for them.
In the meantime, Ansem engaged in a sparring match with his partner, exchanging blows around the ring. Ibragimov commented on his strength, adding that his technique had significantly improved since starting the rigorous two-a-day training sessions in the Soviet system. The old Ansem, who lost his amateur debut in April, was a disorganized fighter. But this new version of him is focused, swift, and intelligent.
In the Crypto Fight Week in Dubai on Dec. 6, merely defeating or losing to Bitboy wasn’t sufficient. Their contest ended in an unfulfilling draw after four chaotic rounds, leaving both combatants exhausted. The audience expressed their dissatisfaction as the referee announced the results.
The distinction between winning and losing might not be as significant. What truly matters, or at least brings in the big bucks, is being part of the main event. This is especially true for today’s social media-influenced aspiring boxers. As Ansem shared with me, Jake Paul made $40 million from Netflix simply by participating against Mike Tyson. Why can’t he do the same?
Every trader, whether it be crypto, stocks, or other assets, is consistently seeking profitable opportunities. Ansem isn’t an exception to this rule; he’s managed to capitalize on Solana and a string of memecoins for substantial returns (he prefers to keep the exact amounts private.)
Somewhere along the way he became The Memecoin King: the personification of traders’ desire to get rich quick on ridiculous crypto tokens. His tweets on tokens to watch garner hundreds of thousands of views on X. And his bullposting on Solana have earned him titles like “Solana guy.”
Ansem finds everything quite amusing because he doesn’t consider himself tied to any particular side. He’s a fan of Solana, but not as the one and only coin. To him, it’s simply one of the top choices at the moment. Interestingly, his major investments aren’t in memecoins, but rather in swing trading – buying and selling Bitcoin, Ethereum, and other assets.
Ansem’s earnings have given him the confidence to travel around Brooklyn like a famous celebrity (I accompanied him one recent day). However, it’s not enough for him to maintain a retired Olympic boxing coach on a weekly basis, which is why he has sponsors for that purpose.
Plenty of cheddar, sure. Still, it’s not enough. Not yet.
Ansem is now recognized as one of the prominent influencers in the trading community, often referred to as “crypto Twitter.” He consistently shares his expertise, including trading tips, meme coin recommendations, and market insights with his 600,000 followers. On any given day, he might be promoting Solana or other investments that he finds appealing.
As a dedicated crypto investor, I’m constantly bombarded with information from two iPhones that I seem to be inseparable from. I’m always online, scrutinizing charts, and keeping tabs on mentions. The only time during our day together when I wasn’t juggling smartphones was when my Uzbek trainer was pushing me hard in the boxing ring.
How it started
Ansem’s fixation with social media stemmed from the habit of “journaling” that eventually catapulted him to fame on Twitter. In the year 2020, he started tweeting every time he purchased a coin, serving as a means to publicly document his active trading endeavors, albeit for an audience of just 100 followers.
As his predictions about certain investments started proving accurate, people gradually took notice and began following him. Over time, he became a minor celebrity within the crypto community, often recognized for being one of the early adopters on Solana, Avalanche, and other assets. These days, he’s particularly known for his promotion of Dogewhats, a memecoin that he started endorsing when its market cap was $100,000; today, it has grown to over $3 billion in value.
In simpler terms, Ansem’s frequent announcements about WIF and other lesser-known cryptocurrencies have sparked accusations that he’s exploiting his followers for personal gain. He has the ability to significantly increase the value of a little-known token just by tweeting about it. Online detective ZackXBT claims Ansem promotes tokens, then sells them when he causes a buying rush. However, Ansem denies these allegations.
However, these accusations suggest the power associated with being among the top influential figures on Crypto Twitter in 2024. This is a status that Ansem acknowledges fully. Previously, he could move through Manhattan relatively unnoticed. Nowadays, requests for photos at the club are not uncommon for him.
Content next
As an analyst, I can express it this way: I’m significantly increasing my investment in self-reliance. The cryptocurrency trader is choosing to delve deeper into content creation. I aim to share more educational material about crypto trading, catering to those who wish to learn the strategies that have worked for me.
Keeping a positive public persona is crucial as a creator. This lesson was reinforced for me when Ansem’s car service took us to a barbershop for a quick cut. Nothing drastic; just neating the sides, getting rid of the hint of a beard. While the barber was trimming, the trader scrolled through social media, posting, liking, retweeting.
It wasn’t until we got to Ansem’s apartment that I fully grasped the amount of commotion one encounters on the journey towards social media fame. As he sat at his curved computer screen, which was supported by a sparkling, multi-colored, custom-built computer tower, Ansem deactivated his notification settings. This led to an influx of alerts. Every second, another person liked, commented, retweeted, or directly messaged the king of Solana’s memecoin.
As the screen switched to graphs, he felt right at home – this is where his profits were generated. He brought up the chart for Ethereum. It appeared quite feeble. Just then, Ansem initiated a short position and shared it on social media, sparking some playful banter from Cobie, another prominent trader with an even larger fortune than him.
Cobie’s large bags (a term for having a lot of money in trading) could swiftly overshadow his business, Ansem informed me. He lacks the financial resources to manipulate charts like a billionaire, but he has the power to express his emotions globally. After that, it’s anyone’s prediction.
As an analyst, I was fortunate enough to gain some insights into Ansem’s strategies when it comes to his trades. Essentially, he relies on analyzing charts, identifying suitable trading zones, timing his entry points, and most importantly, figuring out the optimal moment for selling.
This account is included in our ‘Most Influential 2024’ collection by CoinDesk. To view the list of nominees for this year, click here.
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2024-12-10 18:33