This week on Crypto Twitter: Revenge of Memecoins

This Week On Crypto Twitter: Revenge Of Memecoins


Description by Mitchell Prefer for Decrypt.

After a string of consecutive high-octane weeks for the crypto industry, this week brought the much-needed profit absurdity and bullish optimism—which brought in the form of several high-flying memecoins.

First, the immediate (we're talking 15-minute cold) wake-up call to the death of the famous Bitcoin hater and vice chairman of Berkshire Hathaway. Charlie Munger On Tuesday, a memecoin named after him A staggering 31,000%– Before, of course. Falling to zero. Before the crash, Djinn invested north of $4 million in tokens.

A day later, controversial American diplomat Henry Kissinger died at the age of 100, and you guessed it, the election of eight. Kissinger-themed coins With three blockchains (the best of all? Undoubtedly, Kissinger69ObamaBidenInu420). In total, Kissinger coins have seen more than $250,000 worth of trade.

Elon Musk is off the wall (even for him) and offers a unique perspective on the public. New York Times Thursday's incident, with the world's richest man repeatedly and openly telling Twitter users — who left the platform after Musk made an anti-Semitic post — to “fuck yourself.”

Binance

Within hours, the explosion killed many people. “Go yourself” memecoinsIncluding the one with a market capitalization of $7.28 million – nothing to laugh at.

Could such a high volume of bullishness this week bode well for the prospect of an upcoming crypto bull market?

Well, in adult news, signs point to an ever-increasing crackdown on the Securities and Exchange Commission (SEC). at lastIn the Bitcoin ETF, the decision is at a very high level At the beginning of January.

With optimism about the financial product – analysts estimate that the crypto market is more than $ 1 trillion from traditional financial institutions and investors – in All time highBullish future dreams on the horizon have overtaken sentiment on Crypto Twitter.

Edited by Ryan Ozawa.

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