Munger Was Right: The Meme Coin That Made Millions From Bitcoin Hate Death Implodes

Before him Tuesday pass Former Berkshire Hathaway Vice Chairman Charlie Munger, 99, has dismissed cryptos as “worthless”, “no good”, “disgusting”, “evil” and “very stupid”.

When it comes to this week's death-inspired Mimi coins, Munger may be on to something.

of EthereumThe established MUNGER token, which was launched within 15 minutes of the financial mogul's death and quickly hit 31,000% of its 97.6% value, has now fallen to a value of $0.00000002856. Gecoterminal.

The coin's market capitalization has dropped to over $18,000 in relative terms. The liquid, meanwhile, evaporated to about $13,000.

The coin's market activity also fell, with a trading volume of $3.57 million in the first 24 hours. Just one day later, $23,000 worth of MUNGER had traded hands in the last 24-hour period. In the last six hours, the coin has seen only 12 transactions.

This kind of dynamic pump-and-dump action is all too common for memecoins like MUNGER, which often blow up in the news or pop culture, only to collapse completely within days. Here, the Munger-inspired token took less than 48 hours to shed its enormous value.

last week, A fresh-minted CZ token It happened after the shocking incident of Changpeng Zhao According to the resignation of the CEO of Binance, 400,000% installed. Since then, the price has fallen by 93 percent.

Now we'll just have to see if a new crop of meme coins, inspired by the death of 100-year-old diplomat Henry Kissinger, can buck the trend. Don't hold your breath–Otherwise, you could be fodder for a funeral meme coin yourself.

Edited by Andrew Hayward.