CASE Nº 4-3-98 · SUBJECT: ONE (1) CAT · VALUATION: $100,000,000
This file is sealed. Authorization is granted to whoever wants it badly enough.
Press and hold the seal. Keyboard: hold Enter.
Contains: bureaucracy, one cat, and the complete absence of financial advice.
CASE Nº 4-3-98 · OPEN
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CLASSIFIEDBUREAU OF FELINE VALUATIONFILE REOPENED · VISIT Nº THE CAT IS AWAKE
CASE Nº 4-3-98
IN RE: THE VALUATION OF ONE DOMESTIC CAT AT $100,000,000
On April 3, 2024 at 6:04 PM a trader known as Ansem posted a photograph of a cat
captioned "the $100M cat." The caption was accurate. The Bureau needs you to establish why.
Some marks on this cover are not Bureau issue. Red ink. Numbered. Read them in order.
EXHIBIT A · THE PHOTOGRAPH
DRAMATIZED Archivist's note: reconstruction. The original photograph belongs to the subject and is
on the record. This is a re-staging for analysis.
RECOVERED MEDIA · "the $100M cat" · posted 4/3/24 · stamped 4/3/'98
ENHANCEMENT CONSOLE
Select a sector. Then enhance. The Bureau's software sharpens what the eye assumed.
> awaiting sector…
FINDING 01 · THE DATESTAMP
The film stamp reads 4 3 '98. The photograph was taken April 3, 2024.
The image is dated twenty-six years before it exists. The Bureau's position is that a filter did it.
The Bureau's position has a hole in it the shape of a question: why did nobody ask?
FINDING 02 · THE WITNESS
Windowsill, left edge. A small orange plush toy, facing the bed. It was present for everything.
It has never given a statement. Its file is thin.
FINDING 03 · THE POSTURE
Full loaf. Paws stowed, mass centered, gaze level. Analysts agree this is the posture of an asset
that already knows its own valuation. Four red circles on the cover sheet agree with them. In order.
SECTION 2 · THE SUBJECT
DOCUMENTED Public record only. The Bureau does not invent quotes.
FIELD NOTES · THE RECORD
SOL near $1.50. Bought early, held through the drawdown, said so the whole time. The origin of the title "The Solana Guy."
BONK, then WIF. Early public backer of both. Reported returns around 80x and 520x. When he pointed at a dog in a hat, the market looked.
March 2024. The WIF community raised about $690,000 in four days to put the dog on the Las Vegas Sphere. The Sphere declined. Refunds were announced on April Fools' Day. Two days later the subject posted a cat.
April 19, 2024. Boxed at Crypto Fight Night IV in Dubai. Stopped by TKO in the final round by Louis "Barney" Smith. Returned to the ring that December against BitBoy. A draw, in front of roughly 750,000 streams.
December 2024. CoinDesk profiles him under a headline the Bureau keeps in a frame: "Ansem: The Memecoin King."
The tokens that wear his name. He has said, consistently, that he does not launch them and does not endorse them. They launch anyway. That is the whole point of this file.
FIELD CRYPTOGRAPHY PRIMER · MEMO 7
Bureau memos of sensitivity class II use the Vigenère cipher. It is a Caesar shift that changes
every letter, steered by a keyword. To read one: write the keyword over the message, repeating it.
Each key letter shifts its column back. A is no shift. B is one. L is eleven.
Or stop pretending it is 1863 and use the machine below.
EVE NOCL XASAPD WN ULKS. FWWGS EVE WTBGX FBTNW HHJ PMEX MIRS. EVES CSAI HVAY EVE GLGE WPAERMSRX.
INTERCEPTED · sensitivity II · keyword not on file. The cover sheet was marked by someone who wanted it found.
SECTION 3 · THE EVENT · 72 HOURS
DOCUMENTED Reconstructed from listings, price records and press. Sources linked in evidence.
THE WEATHER LATE MARCH 2024
Memecoin season, feline sector. MEW, a cat token, passes a $500,000,000 valuation within a week of existing.
The market has decided cats are money now. It is only looking for the right cat.
"Ansem's Cat" (HOBBES) appears on Solana. Community-made. Not launched by the subject. Named after a cat
whose name the internet had just learned: Hobbes.
HOBBES prints its all-time high: $0.123703. Implied valuation near one hundred million dollars,
on more than $170,000,000 of volume. The same day, the subject posts one photograph and four words:
"the $100M cat." He is not predicting. He is reporting.
A wire release goes out with a headline written entirely in the present tense of a mania:
"HOBBES Surpasses $100 Million in Just 24 Hours, Hoping to Become First Cat Token to Reach $1."
It did not reach $1.
HOBBES retraces 99.9% from the high. One hundred million dollars enters the photograph and leaves it,
and the cat notices neither. The Bureau notes for the record: the cat was never for sale.
DOCUMENTED name, species, valuation · DRAMATIZED everything a cat declines to confirm.
ASSET PROFILE
Designation
HOBBES
Species
Felis catus, orange
Peak valuation
≈ $100,000,000 · April 3, 2024
Current duties
None. Duties were never assigned.
Flight risk
Low. See Exhibit A, posture.
The token was community-made and community-owned. The cat was consulted zero (0) times.
VALUATION RECORD · APR 1–14 2024
Reconstruction from documented points: ATH $0.123703 (Apr 3), −99.9% retrace. The middle is drawn from memory. So was the top, at the time.
SPECIMEN AUDIO · RECORDING 09
Contact microphone, duvet, 44 seconds. The asset was recorded purring. Analysis flagged the recording:
the purr is metered. It repeats. Short pulses and long pulses, in groups.
Pulse train, repeating. Gap separates letters. Long gap restarts the word.
▄ ▄▄▄ · ▄ ▄ · ▄ ▄▄▄ · ▄▄▄ · ▄ ▄ ▄ ▄
-. / .. / -. / - / ....
International Morse card (Bureau issue)
A ·− B −··· C −·−· D −·· E · F ··−· G −−· H ···· I ·· J ·−−− K −·− L ·−·· M −− N −· O −−− P ·−−· Q −−·− R ·−· S ··· T − U ··− V ···− W ·−− X −··− Y −·−− Z −−··
A cat purring in code is not unusual. A cat purring in code that spells something is filed under Section 6.
SECTION 5 · EVIDENCE LOCKER · ITEM 001
DRAMATIZED Recovered idol, origin unknown. Found facing a window. Gold, warm to the touch, refuses carbon dating.
> retrieving item 001 from cold storage…
HANDLING INSTRUCTIONS
The base carries three rings. Drag a ring sideways to rotate it. Keyboard: Tab to a ring, then arrow keys.
The memo said the idol speaks in paws. The notch at the front is carmine. Bureau staff are instructed to
stop rotating when the eyes do anything.
RING I
RING II
RING III
> item stable. rings misaligned.
Glyph legend, per ring: seven abstractions and one (1) paw. The Bureau does not know who chose the ratio.
SECTION 6 · UNRESOLVED
DRAMATIZED theories · DOCUMENTED the facts inside them. Selection of text is permitted and occasionally rewarded.
THEORY 1 · THE ORACLE
In spring 2024 the subject's attention was the scarcest commodity on Solana. He did not describe the price.
The caption was the price. The photograph was the listing. Four words moved what
press releases only reported.
THEORY 2 · THE INEVITABLE CAT
MEW had already made a half-billion-dollar cat. The market was a boiler with a cat-shaped valve.
Hobbes was simply the nearest cat to the fire. Under this theory nobody chose anything,
which is the most frightening theory on this board.
THEORY 3 · THE '98 PROBLEM
The photograph is stamped 4 3 '98. Twenty-six years early. A filter, says the Bureau. But file this:
in 1998 there was no Solana, no memecoins, no Ansem. Only, somewhere, a window with light coming through it.
The photograph waited. Assets appreciate.
OPEN QUESTIONS
Was the caption a valuation, a joke, or a eulogy for the Sphere money? Only the subject knows. The Bureau does not invent quotes.
Why "Hobbes"? The literary tiger is presumed and unconfirmed.
Where does a memecoin's value go when it leaves?
What is filed in the vault, and why does the index insist the vault is empty?
BUREAU OF FELINE VALUATION — MEMORANDUM
PRINT COPY ONLY. THE SCREEN VERSION OF THIS PAGE DOES NOT CONTAIN THIS MEMO. DO NOT FILE.
TO: ARCHIVIST 9 · RE: CASE Nº 4-3-98 · DATE: 4/3/98
PER YOUR REQUEST, THE LINES BELOW WERE REDACTED BEFORE CIRCULATION.
ONE RESISTED. TONER IS LOYAL TO NO ONE.
THE SUBJECT NEVER SOLD. THE CAT NEVER KNEW. THE MONEY NEVER EXISTED.
THE GATE IS AT /VAULT. IT WANTS THE WORD THE ASSET PURRS, THEN THE NUMBER THE IDOL BURNS.