apuspaces.io
Previous X Spaces

APU Blow a Fuse

Alex on why the socials changed, his sales and the NFTs, how APU lost its market maker and exchanges, his case against 5G, a bungalow shouting match, and the whale chat bar.

10/21/20263h 18m14 frensOriginal X Space

About this recording: Audio may be trimmed to remove silence, dead air, or other sections from the original X Space. The length and transcript timestamps may differ from the original.

Download
Share

Overview

Download

The day after the APU socials changed hands, Don puts Alex in the hot seat again. Alex gives three reasons for the switch, defends himself against claims that he dumps on every pump, and says governance should move to on-chain votes weighted by holdings. The middle hour is history: how APU went from Palladius's rug to 490 million, why the old whale NFT launch drove half the raiders away, and Alex's long account of the market maker going unpaid until about ten exchanges delisted APU, which he says ends in investment fraud by 5G. A pitch for a "digital bungalow" from another community turns into a shouting match. It closes with Rugrat arguing the whale chat should be cheaper to join, and Alex explaining the whale bounty instead.

Chapters

13
  1. 01

    • Odin got banned from the Happy chats after antagonizing them, where he was called Nigerian. He says he's Swedish.
    • Popcorn came at Don over his post saying the old main account had stopped posting. Don says he still likes all of them, but if Bane hadn't blocked people none of this would have happened.
    • A caller says people call Bane a scammer. Alex says he worked with Bane for over a year and found him friendly and professional.
  2. 02

    • Three reasons, according to Alex: the old account hadn't posted about APU in two or three weeks, it cross-posted a Happy post for about three and a half hours, and the High Council hadn't done meaningful work in about ten months beyond one paid sponsorship.
    • Switching was simple, he says: holders signal how much APU they hold and the DEX ecosystem listens. He holds about 3.5%.
    • Taking over that way would need 10 to 30% of supply, which no one person could buy without sending the market cap into the hundreds of millions.
  3. 03

    • Dirt pitches Memetics Finance, a Jungle Bay project: holders earn a heat score for time held, and 25 signatures would get APU a "bungalow" on its island.
    • Burned APU art would become NFTs that pay the artist. An APU liquidity pool on Solana could count toward the heat score too.
  4. 04

    • Asked whether he sells into every pump, Alex says he has held and added for about two and a half years and wants a billion-plus market cap.
    • His listed NFTs came from hack victims who sent them to the treasury after he paid the hackers about $10,000 in ETH from it. Selling them rebalances the treasury, he says, and anyone can simply not buy them.
    • Popcorn has never proved he holds APU, Alex says: in crypto you trust but verify. People who moved on can come back, but without the inflated egos.
  5. 05

    • Murad is in the whale chat with about half a percent of supply. Alex asked him to buy another half percent, about $25,000, from a doxxed wallet and make a vague post about APU decentralizing, to create what Alex calls a "salient inflection point" for unsophisticated investors.
    • Dirt asks for on-chain voting. Alex agrees: signed messages weighted by holdings, which he plans to build over the next few weeks. Odin suggests Aragon.
    • Ten whale NFTs have sold at 1 ETH each, with the money going to the treasury. Alex says the old team mismanaged about $2 million over two and a half years and APU now runs on $20,000 to $40,000.
  6. 06

    • Asked what took APU from 500 million to 5 million before Happy launched, Alex calls it a first-cycle question: Mog, HPOS, Andy, Retardio, Turbo and Floki all have the same chart.
    • LilyBux says an Asmongold Apu reply got 435,000 views and millions in volume, but all of it went to new pairs that bots spun up within minutes.
    • Alex's answer is a Schelling point: at a 4.5 million market cap there's nothing obvious for that money to gather around. A caller says the community used to flood those posts with the right contract address and doesn't anymore.
  7. 07

    • Don relays a question from Bane: how much APU has Alex sold? Alex says his public wallets hold about 13.2 billion, more than ever.
    • Only once has he sold a big chunk, over Chainlink, and rebought it and more. Grape and Palladius sold far more, he says, about fifty times what he did.
    • Bane then kicks Don from a group chat.
  8. 08

    • Top Goy still holds his main bag of almost 600 million but isn't bullish. Both NFT launches were failures, he says, and the raiding group lost half its members the day the whale NFTs were announced, at the local top.
    • Having spent almost $9,000 on a one-of-one, he was angry at Alex and the High Council alike. A whale who wanted to flex should have bought a one-of-one, in his view.
    • By Alex's math the dilution was 333 whale NFTs against 7,777, about $21 on a $500 floor. Governance, he says, should be personality agnostic.
  9. 09

    • Palladius deployed APU, sold it from about 40 million down to 600k, and burned the rest of his tokens. The High Council took it over and it ran to 490 million.
    • LilyBux's timeline: 760k to 390 million, down to 50 million, then back to 490 million after Murad mentioned it. Alex bought Grape's and Palladius's tokens at around 50 million that September, and the top came with the Kraken listing on November 17, 2024.
    • apustaja.io, Alex adds, is a hub for every community link, not a replacement for apu.io.
  10. 10

    • Alex's account: Wintermute made markets on a loan of 3.5 billion APU from the whales who bought the original rug. When that ended in July 2025, Flowdesk took over at $20,000 a month.
    • Kairon, which he found, charged $5,000 a month and was signed in November 2025, with the whales and the community wallet each funding half the inventory. He says 5G never paid Kairon, and $300,000 of Flowdesk inventory never arrived.
    • After about nine months unpaid, roughly $42,000, Kairon ran out of inventory in July 2026, 5G left Alex on read, and a whale fundraiser failed. The contract was cancelled, and about three months later around ten exchanges delisted APU, from MEXC to Kraken.
  11. 11

    • Rugrat asks why there was never a community vote. Alex agrees there should have been, and says the community trusted 5G too much.
    • His allegation: 5G ran APU through a shell legal entity and presented his own wallet as a community treasury, which Alex calls investment fraud rather than theft.
    • By his count the entity took about $2 million: $1.2 to 1.5 million from the 2024 NFT mint and roughly $400,000 from the 7.7% fees. Rugrat says any fee over 2% is a money grab and suggests snapshot.org votes and an open letter laying it all out.
  12. 12

    • Sikasa, who built Memetics Finance, explains the heat score and the forked exchange. Seeking calls it nonsense, and it turns into a shouting match full of insults.
    • When Alex asks them to stop shilling, Dirt calls the community a bunch of losers who lost $2 million. Alex and LilyBux call it a familiar move: shilling across communities to extract from them.
  13. 13

    • The whale group holds 33.9% of supply, all bought on the market, Alex says. Rugrat thinks the bar, 900 million APU or about $10,000, should drop to $5,000 so newcomers feel they have a voice.
    • Falling prices have already taken the bar from $1.2 million to $10,000, Alex replies, and you don't need to be a whale to have a voice in APU.
    • Anyone who brings in a new whale gets 50 million APU, and two whales have joined that way with 1.2% of supply. About 19 billion APU is still on Kraken, which will sell what's left between February 1 and 12.
    • Before leaving, Alex says he never wanted this role and wants to give his power back to the community.