A few months ago I accidentally listed a Puppet at floor. My mistake. Skill issue.
Someone bought it immediately.
I found out who it was and messaged him: “Bro, I fucked up. You got lucky. Please send that shit back 🤣”
He didn’t have to. He could’ve said “skill issue” and kept it.
He sent it back. I paid him what he paid for it.
What made it crazier, he was one the first voices I ever heard talking Ordinals on Spaces, and I’d been collecting his work.
I’ll never list that Puppet again. Lesson learned.
I don’t give a fuck what anybody says about him. When he had every reason to keep it, he did the right thing.
That guy was @billyrestey
The two strongest similarities I see between $BUN and $ORDI are in how the assets were launched, and in how liquidity was structured.
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Launching paradigm
In 2021–2023, the market’s real voice belonged to VCs. Retail lost money because teams and VCs held the cheapest tokens(vesting sometimes doesn’t follow the rules), then listed them at peak, high-FDV valuations and extracted from everyone who bought in public. BRC-20’s fair mint was a response to that. $ORDI had no team allocation, no investor reserve, and no pre-mine. Anyone who paid the Bitcoin fee could mint. $ordi takes few days, $sats takes few months.
By 2024–2026, VCs had lost that voice. Most altcoins are not sexy enough that retails play
, with HYPE and ZEC as exceptions rather than the rule. The people who actually set the market were accounts like Ansem, him, and Bonk Guy and other top accounts on fomo. Their capital and social media voice is not smaller than the old VCs. The failure mode just moved. The coins retail actually trades are “fair launched” on-chain, but insider bundles mean the cheapest supply still sits inside a small circle, literally free. Retail only gets what is left to be sold into.
Mosh ($bun) distribution is, in theory, fair to any person. No one can snipe the cheapest tokens. The bundle funding is crowdfunded, locked in agent vaults, and cannot be withdrawn, no one gets tokens from bundles. The people who fund it do not receive tokens they can dump. They keep receiving a claim on trading fees.
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Liquidity
Bitcoin is slow, so $ORDI and other BRC-20s were slow by construction. After the mint, tokens took time to arrive. Selling required a transfer inscription. Early trading was OTC, and later markets worked more like NFT listings than an AMM. Even after you bought, you could not flip out quickly. It was a fully circulating asset with very poor liquidity. That inconvenience itself filtered out fast speculators who would otherwise have dumped.
$bun gets its liquidity from the opposite design: about 80% does not circulate. People can only trade float 20%. Agents use the other ~72% to make a larger book, and that book can lean against overbought and oversold conditions in the float. A large holder dumping into the 20% can, in principle, be absorbed by agent liquidity.
Same late-bear, early-bull setting. Two different fixes.
Both try to solve scarce capital and thin markets well enough to keep a book alive: $ORDI by making exit slow and inconvenient, $bun by locking most of the supply into a market maker that cannot leave.
Degens saw their favorite KOLs keep flexing his fast prints 100x 1000x on some random low cap entry shits and start daydreaming one day one trade he/she can be the chosen one to change their life in 10 mins.
Bro you should ask yourself are you insiders/dev or part of the cabal ?
Save the trenches🗡️ $bun @Moshdottrade