This week on Crypto Twitter: Twitter Payments Rumors, Donald Trump Fuels Meme Coin Rise

The Bitcoin spot ETF hangover has dissipated, and the long and frothy ethereum spot ETF buzz is still flowing, leaving plenty of room for talk, debate and the occasional brawl.

We've been overdue for the Elon Musk-related pump, and the eccentric tech mogul indirectly popped a new gold marker on Monday under the username @XPayments on Twitter. It was revealed shortly after Musk once again teased that he was building an “everything app.”

Crypto Twitter has been hit with fears that the X app could support transactions in Dogecoin (DOGE) and Shiba Inu (SHIB). Dogecoin's rise was the highest daily price since April 3, 2023, but still less than the $0.1 it hit on its 10th anniversary last year.

Meanwhile, there have been several airdrops as projects jump on the “free money” bandwagon, much of the hype for both longtime true believers and crypto-curious newbies. Such token giveaways were widespread, however, and there were many alarm bells about potential scams.

The nature of blockchain allows anyone to send tokens – legitimate or not – directly to your wallet. At best, this means a bit of confusion for digital purist freaks. At worst, a cheat can simply be added to your collection and contain various tricks and hacks to get users to interact with it.

The irresistible buzzword tone—mostly “Pokemon with guns”—also got the tweets flowing this week, and even the Pokemon faithful were getting a kick out of the wacky crypto knockoff.

The most common conclusion, however, was that legal action was inevitable on the obvious premise.

If imitation is the real trick, however, we hope the 1990s-era game Dragon Warrior – now Dragon Quest – is highly praised.

The difference between both conventional and Bitcoin Ordinals is that the revival of NFTs is no child's play. New projects have attracted wealthy backers, landed high-profile partners, and are exploring more of the five senses.

Ultimately, despite his legal woes, Donald Trump has continued to be Donald Trump, fueling debate in the crypto space recently with his seemingly new disdain for Central Bank Digital Currency (CBCC).

And even though the former president can't keep the NFT collections, the Djinn are all over the Trump-inspired meme tokens: $DONALD, $TRUMP, $MAGA … and many of them fight each other.