In the wild world of meme coins, where fortunes can be made or lost in the blink of an eye, stories like this one remind us why so many are hooked on the crypto grind. Recently, a clip from CounterParty TV's podcast featuring @0xlawlol went viral on X, revealing how he and his team pulled off a massive airdrop farm on Path's $DOG token. If you're new to the scene, an airdrop is basically free tokens distributed by projects to build community and hype, often rewarding early users or specific actions. But farming them? That's where the real game begins.
The story unfolds in a lively podcast episode hosted by @NotThreadGuy, where 0xlaw breaks down his approach to what he calls an "underfarmed" opportunity. Path, run by @Cryptopathic and tied to the OwnTheDoge project—which owns the original Doge meme NFT—launched an airdrop for their $DOG token. To qualify, participants had to create AI-generated Dog NFTs on the Base chain using a platform called Titles. Sounds simple, right? But 0xlaw spotted the potential for big returns with minimal competition.
"I found this airdrop. It was a super underfarmed airdrop," 0xlaw explains in the clip. He dove into the docs, calculated the costs, and realized the spread was huge: about $2 per wallet to create the NFTs, with an expected payout of around $30 each. That's a no-brainer for anyone with the hustle to scale it up.
Not one to go solo on such a massive play, 0xlaw rallied a crew of high school and college kids. Together, they cranked out roughly 13,000 wallets over one to two weeks. The result? A whopping $400,000 haul. After paying out about $120,000 (around 30%) to his team, they celebrated by hitting up Rolling Loud Miami last year. Talk about turning crypto gains into real-world fun!
For those wondering about the ethics or mechanics, this is a classic example of a Sybil attack in crypto—creating multiple fake identities (wallets, in this case) to game a system. While it's controversial and can dilute rewards for genuine users, it's not uncommon in airdrop farming. Path's team even chimed in on the thread, with @Cryptopathic noting, "This was the one time we trusted the airdrop criteria to a third party btw. Lesson learned & fair play." It's a nod to the cat-and-mouse game between projects and farmers, highlighting the need for better anti-Sybil measures in future drops.
This tale isn't just entertaining; it's a masterclass in spotting undervalued opportunities in the meme token space. Projects like $DOG, built on the iconic Doge meme, continue to attract massive attention, but farming them requires strategy, tools, and sometimes a bit of teamwork. If you're diving into meme coins, remember: always do your research, understand the risks, and maybe assemble your own squad for the big plays.
Check out the full clip in the original thread on X to hear 0xlaw tell it in his own words. Who knows? The next big airdrop farm could be just a doc read away.
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