Welcome to the life of The Timekeeper and his humble intern-with-a-typewriter!

And by that we mean, welcome to another amazing edition of The 13th Hour!

Damn, Timekeeper, back at it again with the white vans.

The Timekeeper: “The teenagers reading this newsletter won’t get that reference.”

You’re right, we’re outing ourselves as olds. Geriatric Gen Z.

The Timekeeper: “Just you. I’m timeless.”

Yes, one day when I’m long gone and Bitcoin is worth $10 trillion per coin you can keep writing this newsletter.

On to the news!

Today’s Topics:

💾 PumpFun’s Major Update Shakes Up the Trenches

💪 Frank DeGods Formally Withdraws From Project

⚔️ War of the Memecoin Platforms

💸 PumpFun Announces Creator Revenue Sharing

The team that started it all, the OG of OGs has thrown down the gauntlet on creator compensation by announcing a whopping 50% (!!) revenue share. According to their Tweet, “50% of PumpSwap Revenue is now shared with Coin Creators.”

Wow!

The change is live immediately. Here’s how the revenue share works:

• Creators earn 0.05% of each trade. So for a coin with $10,000,000 in trading volume, the creator would earn $5,000.

• Creator revenue share applies to all new coins as well as those already live on PumpFun and PumpSwap.

• The PumpFun website has been update with a section where creators can connect their wallet and claim their earnings.

Immediately after the launch, the trenches lit up with all sort of creative uses for the revenue share — the most obvious being coins that dedicate all creator fees to buybacks.

Buuut… as with any launch, there was controversy.

Some users believe this new change will only exacerbate the flood of low-quality coins on PumpFun. Users had a similar concern several months ago when the platform made coin creation completely free, leading to an influx of low-effort coins.

Either way, it’s nice to watch PumpFun get back in the ring taking risks and pushing the space forward. Let’s see what the future holds!

✌️ Frank Steps Down From DeGods

One of the most well-known traders in the space, Frank “DeGods” is stepping down as the head of the eponymous organization.

According to an update posted in the DeGods Discord from DeGods member “Pasta” the team will be focused on making DeGods “as big as it can possibly be.”

But Frank didn’t only build DeGods, he also spearheaded the y00ts NFT project and was heavily involved in several memecoin projects throughout a less-than-flawless run over the last few years.

Of course Crypto Twitter immediately had takes:

Frank anticipated the stir his announcement would cause and supplemented his retirement Tweet (Xeet?) with some additional context about how he’s not the bad guy CT makes him out to be:

So what do you think? Are you pro-Frank? Anti-Frank? Don’t care?

The Timekeeper: “All press is good press. Why do you think I run a newsletter?”

You don’t run the newsletter, Timekeeper, you’re just the cool, slick guy that acts as the face of it.

The Timekeeper: “I’m the Tony Soprano of this newsletter.”

You’re the Kim Kardashian of this newsletter.

☄️ Begun, The Bonding Wars Have

You may have noticed that PumpFun is no longer the only memecoin launch platform in town. We also have Bonk.fun, Boop.fun, and even Raydium’s new LaunchLab service that allows others to build memecoin launchpads on top of Raydium. Lots of places to launch a coin these days! But who is winning out?

Here’s what the numbers are saying:

Bonk.fun, a platform we covered previously after it was announced late last month, is giving PumpFun a run for its money. Backed by the infamous “Bonk Guy” and styled after the Solana-native BONK memecoin, the platform offers handsome creator royalties and it’s already starting to take business away from PumpFun.

In addition, the creator of BonkFun, “SolportTom” is offering up to $15,000 for the right memecoin project launched on the platform.

But that’s not the only platform in the running!

Boop.fun is a strong third contender in the memecoin wars with a complex rewards model that not only rewards creators, but also memecoin communities themselves.

Source

So if trading hasn’t been the best to you so far, maybe it’s time to consider launching a coin? Or even a memecoin launchpad! Conditions seem prime to capitalize on the wars of the memecoin launchpads!

Breaking News: Coinbase to Join the S&P 500

And right as we were about to sign off, the 24/7 newscycle gods blessed us with another sweet, sweet piece of information.

Coinbase set to join the S&P 500. Stock rips 5% on the news.

Love from Michael Saylor was also in order:

And that’s all for today!

Join us again next time for another amazing edition of The 13th Hour when you, me, and The Timekeeper can spend some quality time, cozied up in your inbox reading the latest meme news and soaking up each other’s company.

The Timekeeper: “You need some friends bro.”

What do you mean Timekeeper! I’ve got all the friends I need right here! In this reader’s inbox!

The Timekeeper: “On God we’re gonna get you some help bro.”

I need no help! All I need is more newsletter subscribers. As long as people keep subscribing, no one gets hurt.

And on that note, we’re signing off.

Until next time, 13th Hour crew out!