What is the Ethereum meme that even Tom Lee is following?

Author: BUBBLE,律动

In August 2025, two heavyweight figures in the Ethereum ecosystem were almost simultaneously drawn into a memecoin narrative. On one side was Tom Lee, CEO of BitMine Immersion Technologies—the company holding the world's largest corporate Ethereum treasury. On the other was Joseph Lubin, CEO of ConsenSys, co-founder of Ethereum, and chairman of SharpLink Gaming. The publicly traded companies behind them rank as the top two institutional holders of Ethereum, collectively owning over $10 billion worth of ETH.

The public endorsements from these industry leaders not only signaled institutional recognition of Ethereum’s long-term value but also brought renewed attention to associated memecoins. On social media, some investors noticed that both Tom Lee and Lubin had begun following the memecoin project Book of Ethereum (BOOE).

Driven by market sentiment, BOOE quickly became a focal point. This article explores the concept, history, and related projects of this established initiative BOOE, while delving deep into the whale fbb4 operating behind the token.

The Concept and History of BOOE: Religious Narrative and Community Economy

BOOE launched on the Ethereum mainnet on April 24, 2024, with the project branding itself as the "Bible" of the Ethereum ecosystem. The official website uses religious symbolism to construct a fictional universe, listing a set of "Ten Commandments" such as banning Bitcoin purchases and shorting BOOE, emphasizing loyalty and community self-discipline. Additionally, the site's "Sacred Economics" section states that BOOE has a total supply of 100 million tokens, an audited contract with permanently renounced ownership, full liquidity locked for 1337 years, and zero transaction fees. This economic model makes it harder for holders to exit, reinforcing its symbolism of long-term faith.

Complementing the religious narrative is community building. Medium articles authored by the BOOE team describe holders referring to themselves as "believers," claiming this Book of Ethereum serves as a refuge for the deceived, encouraging investors to gather during bear markets and wait together for "opportunity." While clearly promotional, the piece reflects the project's strategy of using religious language to unite the community and downplay speculative elements.

Throughout its development, the BOOE team introduced two affiliated tokens: HOPE and PROPHET. According to HOPE’s website, it has a total supply of 1 billion tokens, with an abandoned and audited contract. Team members use pseudonyms like Shiba Prophet, Lord NPC, and Saint Vitalik. The project's mission is to "bring hope," encouraging collaboration among communities around Pepe, Doge, and other memecoins. The other token, PROPHET, also has a supply of 1 billion, with an official commitment to permanently locked liquidity and no trading fees. The BOOE website refers to the three tokens collectively as the "Faith Trinity," aiming to expand community boundaries through this trinity structure.

Beyond building a story universe, the BOOE community has also ventured into NFTs. A collection called Booelievers exists on OpenSea, featuring artworks and derivatives related to the BOOE theme. Though limited in scale, these assets provide additional cultural symbols and revenue streams for the project.

Overall, BOOE leverages religious narratives and decentralized finance concepts to build a unique community economic model. Amid the overwhelming wave of Solana memes, the sustainability and spread of this narrative will be key to the project's continued vitality—and at the heart of it all is the well-known "diamond hands" figure in the E-sentinel community: fbb4.

The Mastermind Behind BOOE: fbb4

Since BOOE’s launch, the movements of anonymous whale fbb4 have drawn significant attention. As one of the most recognized "trendsetters" in the Ethereum memecoin space, his prior successes with assets like Pepecoin and GME elevated his reputation.

fbb4’s trading style differs sharply from today’s typical P-boys. Media analyst Brian Fanzo wrote that fbb4’s wallet is valued between $28 million and $40 million, generating approximately $9 million in profit within just one month. Overall, fbb4’s approach is simple and direct—“buy, provide liquidity, hold, and shift narratives while maintaining price stability.” He typically transfers ETH from centralized exchanges or across chains multiple times before buying target tokens in batches to reduce slippage; then provides liquidity to stabilize prices; eventually rotates investments based on narrative热度.

Most notably, he rarely sells the tokens he buys—a practice that doesn’t rule out possible offloading via smaller wallets, but his transparent, long-term holding strategy continues to attract retail investors who mimic his actions. Often, after his public wallet “fbb4” makes a purchase, a green price surge follows.

fbb4 continuously buying since BOOE launch

This trading style has led many to compare him to Michael Saylor and Roaring Kitty, the leader of the GameStop retail vs. Wall Street short squeeze movement. Community member Roar4Kitty even compared their action timelines, expressing suspicion that fbb4 might actually be Roaring Kitty.

Timeline comparison of major events involving fbb4 and Roaring Kitty, source: Roar4Kitty

And it's not entirely baseless—fbb4 indeed shows strong loyalty to GameStop. According to the New York Post, in August this year, he spent $250,000 at auction to buy a stapler and GameStop CEO’s underwear in support of GameStop culture. A few days later, he tweeted about purchasing another $100,000 worth of GameStop shares and announced a partnership with charity CMNHospitals, donating $100,000 to raise funds for 170 children's hospitals across the U.S. and Canada.

The GME "stapler" and CEO underwear purchased by fbb4, source: New York Post

Fanzo’s article also documents fbb4’s involvement in multiple memecoins, including Pepecoin, Ethereum-based GameStop token $GME, BasedAI, KEK, BOOE, and KPOP. These projects share common traits: strong narratives, active communities, and ample liquidity. fbb4 is dubbed a "narrative curator," personally writing posts and engaging with communities to amplify narrative热度.

However, fbb4’s success has limitations. His strategy heavily depends on personal credibility and community sentiment; once narrative热度 fades or his strategy shifts, investors could be left holding bags. Moreover, his role as a market mover across multiple projects easily invites discussions of price manipulation. From a regulatory standpoint, large-position holders conducting concentrated trades without oversight may cross into market manipulation territory. For BOOE, fbb4’s involvement undoubtedly brings capital and visibility—but whether this translates into sustainable growth remains to be seen.

For investors, understanding fbb4’s strategies and institutional moves is important, but more crucial is discerning the real value and risks behind the narratives. As Lubin stated, Ethereum’s long-term value cannot be ignored, yet the bubble cycles and regulatory risks surrounding memecoins must also be approached with caution. Between faith and hype, rational judgment remains the key to cutting through market noise.