Magic Internet Money

1The opportunity: the biggest chain has the smallest meme coin aggregated market cap

The biggest chain has the smallest meme market. At Ethereum’s ratio, Bitcoin’s meme coins are a 111x. At Solana’s, a 368x.

• Meme coins: 5.7% of Solana’s cap, 1.7% of Ethereum’s, 0.015% of Bitcoin’s. CoinGecko, today.
• In 2026, CoinGecko and CoinMarketCap both added a dedicated Bitcoin meme coin category. CoinGecko
• Valuable assets gravitate to the safest chain. Bitcoin’s meme coins are priced as if it were not. Thread

Market caps, live. CoinGecko

Unipcs (aka 'Bonk Guy') 🎒@theunipcs

BTC memecoins could be the easiest 50 to 100x opportunity in all of crypto. here's why...

let's do some quick mathematics:

- $ETH memecoins market cap: $20 billion+
- $SOL memecoins market cap: $9 billion+
- $DOGE market cap: $16 billion

- how about $BTC memecoins market cap? a measly $2 billion!

on the other hand:

- $BTC market cap: $1.23 trillion
- $ETH market cap: $291 billion
- $SOL market cap: $68 billion

in other words:

- Solana memecoins = 13% of the SOL market cap
- Ethereum memecoins = 7% of the ETH market cap
- Bitcoin memecoins = 0.16% of the BTC market cap

BTC memecoins are one of the most asymmetric bets in all of crypto right now... and it's not even close!

of course, you will have copers and midcurvers saying:

'...but the Bitcoin chain is so slow and no one will be buying memecoins on it'

to which i have the following responses:

1. did the slowness of the Bitcoin chain prevent BTC itself from getting adoption?
2. have you seen anyone trading Dogecoin on its own blockchain? how come that single cryptocurrency has a market valuation of $16 billion (i.e. 8x the valuation of ALL memecoins in the Bitcoin eco combined)

at the end of the day, it's all about the narrative

top CEXs will soon start listing BTC eco memecoins, and then they will get turbo bids from retail and BTC purists with a lot of capital lying around who would not touch anything outside of the BTC eco with a 10 foot pole

but by that time it would cost several more Xs than it does right now to buy them

your way to generational wealth is to frontrun them before CEXs make it easy to buy these BTC memecoins

'so bonk guy, what BTC memecoins are you bidding?'

i'll keep it simple:

- $WIZARD
- $PUPS
- @WaddlePenguRune
- $BDC

ofc i know there are many more BTC memecoins with strong communities, so feel free to shill yours in the comments

you never know, i just might buy your coin and become one of its biggest advocates!

Arjun Sethi@arjunsethi

Replying to @arjunsethi

$MIM could be the future of capital markets for venture capital.

2The asset: Bitcoin’s first meme, now its coin, etched by its original artist

First is first. For culture coins, provenance compounds and gets more valuable over time.

1. 2013r/Bitcoin needs an ad. Mavensbot draws it in MS Paint. Bitcoin goes $27 to $1,132 that year, and the ad becomes the meme: South Park, then a crowdfunded Wall Street Journal page in 2017. Origins
2. 20231,337 wizards inscribed. $WZRD free mint, day one of BRC-20.
3. Mar 2024The artist buys the 2013 drawing as inscription #70, the 70th ever. Post
4. 20 Apr 2024Rune #17, etched in the halving block. The rune
5. 2025WZRD becomes MIM on 18 Feb, at 13:37. On 15 Apr the 2.4B unclaimed go to Satoshi. Forever. The burn

• Mavensbot, the original artist, bought his first Bitcoin at around $5. He is building legacy, not wealth.
• No utility, on purpose. The oldest meme on the chain. Thread
• The name is unique on Bitcoin, forever: a rune is etched once, so by the protocol’s design no other coin can ever carry it. The rune

Arjun Sethi@arjunsethi

At @krakenfx , we know every coin has a story. For $MIM @mimcoinbtc, that story is about reviving one of the most iconic memes in crypto history: Magic Internet Money.

In 2013, a subreddit moderator named theymos opened a thread asking for ideas for a Reddit ad for r/bitcoin. Within an hour, @mavensbot sketched a wizard holding a Bitcoin staff with the words “Magic Internet Money.” The community loved it.

A few months later, the ad went live. The Bitcoin Wizard became more than a drawing, it became the mascot of a movement. The ad was Reddit’s most successful ever, helping propel Bitcoin’s rise from $27 to $1,132 and growing r/bitcoin from 10,000 to 100,000 members by 2014.

The phrase “Magic Internet Money” captured the mood of the time. It was playful and strange, yet it perfectly expressed the mystery and excitement of Bitcoin’s early days. Over the years, the Wizard grew into a cultural symbol, reminding us that crypto is built as much on imagination and community as it is on technology.

A decade later, @mavensbot returned to his legendary creation. This time, it was not just drawn, it was minted into a token: $MIM.

$MIM had a fair launch as a BRC20 token in March 2023, migrated to the Runes standard in April 2024, and permanently closed migration in April 2025, with all non migrated supply sent to Satoshi’s wallet. The supply is 100 percent circulating, with no team allocations, no centralized vesting, and no hidden unlocks.

The $MIM ticker is a direct tribute to the original “Magic Internet Money” slogan. It represents Bitcoin culture, history, and provenance, immortalized on chain by its original artist. Supporting $MIM is about more than trading, it is about recognizing and preserving the lore that shaped this industry.

At Kraken, we understand the importance of Bitcoin tokenomics and the role memecoins and the on chain Bitcoin economy play in the network’s long term sustainability. That is why we back communities for the long term, supporting both their culture and their future.

This is one of the reasons we listed $MIM Magic Internet Money, to help revive and carry forward a piece of Bitcoin history. From a Reddit ad to a global meme, and now to a token on the Bitcoin blockchain, this is how crypto’s story lives on.

With $MIM, the Wizard’s magic continues. And with our support and the communities, so does the story of Magic Internet Money. The Bitcoin on chain economy revolution has only just begun.

CZ 🔶 BNB@cz_binance

What do you do?

Magic internet money.

3Proof of attention: the industry already loves the meme

• Kraken listed it. Its CEO shared the story. Post
• Coinbase animated it: 3.1M views. Elon reposted. Post
• “$MIM could be the future of capital markets for venture capital.” Kraken’s CEO. Post
• OKX, HTX, Xverse, Robinhood, CZ all say the words. The wall
• Unipcs holds 0.5%, never sold. Post
• Ansem explains that the wizard meme led Dogecoin’s founder to create Dogecoin. Post

Coinbase 🛡️@coinbase

Grok Imagine: Bring this legend to life.

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Bitcoin Magazine@BitcoinMagazine

JUST IN: Elon Musk reposted Coinbase's post of the legendary magic internet money Bitcoin meme 👀

Kraken@krakenfx

The wizards have arrived 🧙‍♂️ ✨
$MIM @mimcoinbtc is live ⤵️
*Geographic restrictions apply

Arjun Sethi@arjunsethi

The wizards are coming

4The technical ground: what shipped on Bitcoin since 2024

Until 2025, Bitcoin meme coins traded in fixed lots. Today they swap natively, any size, like on every other chain. People who stopped looking in 2024 have no idea.

• Native pools on L1, on Nexus: any size, self-custodial, no wrapper. In-wallet swaps on Xverse. Post
• A Kraken listing, MIM/USD and MIM/EUR. Every venue
• UniSat’s order book, UniHexa, opened on 14 Sep 2026 with three launch pairs: MIM, DOG and UNCOMMON•GOODS. Whitelist beta. Three days earlier UniSat shipped a time lock for Runes, so LP and treasury commitments can be proven on chain. UniHexa · Time lock
• An audited bridge, RuneMine, to Solana: buy on Jupiter, Meteora or FOMO, and soon from the X feed. Swap
• USDT coming to Bitcoin L1 on RGB, settled over Lightning, confirmed by Tether, UniSat a launch partner. Nexus is working on RGB to Runes swaps. Tether

Magic Internet Money@mimcoinbtc

Today you can swap any size of native Bitcoin memecoin directly onchain. Fixed lots are long gone. And you can also earn high yield on it: $MIM 3.5 BTC TVL, 45% APR.

Paolo Ardoino 🤖@paoloardoino

It's coming home

Bitfinex@bitfinex

USDt once ran on Bitcoin. Cost and speed took it elsewhere. @RGB_Hub and @utexocom are bringing it back to where it belongs, anchored to Bitcoin, settled over Lightning, while keeping contract logic off-chain.

5The birth of the Bitcoin on-chain economy

Bitcoin’s security is paid by a subsidy that halves to zero. The token layer is what progressively replaces it: every meme coin swap on Bitcoin pays the people who secure Bitcoin.

• The problem. Subsidy 3.125 BTC a block. Halves in 2028. Ends at zero. Fees today: 0.4% of miner revenue. mempool.space
• The horizon. Last subsidy around 2140. After that, fees are the whole security budget. Controlled supply
• The answer, already running. Bitcoin meme coins already pay the miners: on 11 Sep 2026, 80% of Bitcoin transactions were Runes-related. Source
• Bitcoin meme coins live on satoshis: the unit of account and the collectible are the same object.

Fees paid to miners, by inscriptions and by Runes.

Vincent (Cryptolution) 👑@cryptolution101

BREAKING: Bitcoin memecoins (#Runes) just hit their 2nd-highest share of all Bitcoin transactions since Runes launched on April 20, 2024, with 80.24% of Bitcoin transactions on September 11, 2026

Pix🔎@PixBuilds

real question: What happens when all 21M bitcoins are mined? Right now, miners spend around 1.8 million kilowatt-hours of energy to mine a single block. At five cents per kilowatt-hour, that’s roughly $92,000. For now, they earn 3.125 Bitcoin. The incentives work. But the supply is finite. At 21 million, Bitcoin stops emitting. Then miners rely on transaction fees alone.

Arjun Sethi@arjunsethi

The question of Bitcoin’s long term security is really a question about how much the world will value blockspace. Right now miners are still sustained by the block subsidy, but over time that goes to zero. What is left is whether demand for blockspace, for money, for settlement, for new layers of financial systems, is strong enough to sustain the network on its own. I think it will be.

Franky 🧙‍♂️🪄 $MIM@frankywizardry

$BTC security has a ticking clock. Block subsidies shrink every 4 years. Fees must fill the gap. That means one thing: holders need to USE the chain. The most decentralized ledger ever built deserves a thriving on-chain economy. The base layer is ready. Are we?

6The setup: 96% below the top, with the rails now built

Same meme, same artist, same supply. Only the rails changed.

• 2024. Hype at the halving launch. WZRD at about $13, 21M coins: $275M. Fixed lots, no swaps.
• Early 2025. No pools, no router, no CEX listing, no bridge, no wallet that handled it properly. The money left: $3M by early 2026.
• 2026. All of it built. The plumbing moved, the price has not caught up.
• The MIM/BTC pool on Nexus pays liquidity providers: 3.5 BTC TVL, 45% APR on 9 September 2026, both moving daily. Post

7What happens next: the known potential catalysts, each with its status

One live, several in motion, one speculation.

1. LiveThe most anticipated Ordinals collection, announced November 2024: 10,000 community-drawn wizards to be inscribed under #70, permanent. 1,885 done, 921 last month, twice the month before. Tracker
2. LiveWhitelist to MIM holders for the upcoming 10K collection, by vote. Post
3. LiveThe swap referral fees generated on MagicSwap, the merch profit and the new LP locks tech all reinforce the MIM/BTC pool on Nexus. MagicSwap
4. In progressUSDT on Bitcoin L1 on RGB, UniSat a launch partner (post), and Keystone, the Nexus extension that will enable stablecoins and RWAs on Runes (draft).
5. In progressUniHexa, an order book with CEX-grade speed and DEX-style self-custody, developed by the UniSat Bitcoin OGs: MIM is one of its three launch pairs, whitelist beta since 14 Sep 2026, open trading to follow. Post
6. In progressLP and treasury locks anyone can verify on chain, with the time lock for Runes UniSat shipped on 11 Sep 2026. Post
7. ComingBuy buttons on Solana cashtags in the X feed, announced 25 August 2026. Source
8. SpeculationKraken’s CEO drew MIM into Ink. Post
9. PositionedUnipcs holds 0.5%, never sold. His 1.4M-view thesis: exchanges will make Bitcoin meme coins easy to buy and retail will front-run it. Kraken has listed since.

Arjun Sethi@arjunsethi

London | HK | Nasdaq | .... whats next....

Unipcs (aka 'Bonk Guy') 🎒@theunipcs

runes are going to make a comeback back

8The cap table: 100% circulating, no unlocks

Satoshi is its largest holder.

• Fair launch, free BRC-20 mint in March 2023, Runes since 2024: 3.5 years of supply redistribution. The deploy
• “100% circulating. No team allocation, no vesting, no unlocks.” Kraken CEO

9The people: a meme with a truly passionate community

The first collection ever co-created this way: drawn by anyone, curated by holders, for the first Bitcoin meme, 13 years on.

• 60,000 drawings, 10,000 to be inscribed under inscription #70. Thread
• Six in ten wizards sit on sats from Bitcoin’s first transaction, Satoshi to Hal Finney. Tracker
• Five apps, built by holders: swap, markets, supply, collection and the gallery.

Magic Internet Money@mimcoinbtc

2013: a hand-drawn wizard becomes Bitcoin’s most famous meme. 2026: it is becoming 10,000 of them, drawn by the people who love it. No studio. No artist roster.

Magic Internet Money@mimcoinbtc

These are the first 72. Today there are 428, all of them yours to download. Time to spread your magic worldwide! Magic always wins!

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