The Market is Open
Austin runs the degen account. Trading is back. Membership plans exist.
Austin is Managing the Degen Account
Quick version: I appointed Austin, a longtime shareholder, my unofficial Canadian financial rep, crypto-fluent, and active Discord member, as custodian of the KmikeyM degen account. He now trades the account’s shares and cash to provide liquidity in the market.
How the degen account came to exist: someone1 created a $KMIKEYM memecoin on Bags without my permission, it took off, shareholders voted to set aside 5% of the earnings, and that pool needed a manager. Austin was the obvious choice.
He acts as a profit-motivated market maker. When you want to buy or sell shares, someone is more likely to be on the other side of your trade.
I wrote the whole thing up here: KmikeyM Names Austin as Custodian of the Degen Account
Trading is Back Online
You might remember from my last email: we suspended trading while fixing an error with new shareholders. That’s resolved. The market is open and we’re seeing a nice spike in trading volume.
With the suspension lifted and Austin actively making a market, KmikeyM shares are more liquid than they’ve been in years. If you’ve been sitting on shares you wanted to sell, or waiting to buy: now is the time. Of course, you might need to become a member...
Membership Plans: What They Actually Do
We launched membership tiers last year, and extended a grace period until the end of 2025. Many of you will find the free accounts are a bit limited and you might consider a paid membership. Here’s how they work.
Subscriptions buy you power-ups, not shares. Your membership determines your fee structure and platform tools2. Shares are still a separate purchase (and tradable of course).
Here are the five tiers:
Legacy (Free)
No membership share
May still hold a balance or shares
No longer available — exists only for grandfathered accounts
Shareholder (Free)
Buy shares, vote on my decisions
No cash balance — you buy shares directly
Processing fees: 6% + Stripe fee
Trader ($25/year)
Everything above, plus full trading platform access
Make deposits and carry a cash balance
Processing fees: 3% + Stripe fee
Pro Trader ($60/year)
Everything above, plus the lowest fees
Processing fees: Stripe fee only
Manual deposit option with zero processing fee
Dividends eligible (when implemented)
Board Member ($1,500, one-time)
Two-year seat on the board of directors
Private votes, private Discord channel
Only six seats exist — this is the inner circle
If you trade regularly, Trader at $25/year pays for itself fast through lower fees. Pro is for people serious about the market who want to minimize friction. Board is... well, it’s the board.
A Note About Deposits and Subscriptions
This trips people up, so I’ll be direct: your deposited KmikeyM cash balance cannot buy a membership. They’re separate systems.
Money in your KmikeyM account is for trading shares. Membership subscriptions run through Stripe as a separate payment. I know it feels like one wallet, but the infrastructure splits them. Think of it like a brokerage where your trading account balance doesn’t pay for your account fees.
If you have outstanding offers, those are backed by your deposit balance. Allowing membership purchases from that balance would invalidate listed offers.
What’s Next
Austin is trading. The market is open. Membership tiers give you better tools and lower costs. Check your account, see what’s available, and jump in.
If you’re new here and somehow stumbled into this email: KmikeyM is the world’s first publicly traded person. I’ve run this experiment for 18 years. People buy shares in me and vote on my life decisions. It is exactly as weird as it sounds, and it’s very real. Start here.
Profitably Yours,
-K. Mike Merrill
While we don’t recommend trading the token to those new to memecoins, the community is located on X
And helps create a sustainable financial base for KmikeyM
As the person represented by this market, I love that the spread is tighter now that we have a market maker. The gap between the best buy and sell offers used to sit wide open for weeks. Does tighter liquidity change how any of you think about trading?