After a string of successive excessive octane weeks for the crypto trade, this week introduced a much-needed dose of surreal absurdity and bullish optimism—specifically, within the type of a number of high-flying memecoins.
First, within the fast (we’re speaking quarter-hour chilly) wake of the demise of famed Bitcoin hater and Berkshire Hathaway vice chairman Charlie Munger on Tuesday, a memecoin named after him spiked an astonishing 31,000%—earlier than, after all, crashing to zero. Earlier than the autumn, degens pumped north of $4 million into the token.
Only a day later, controversial American diplomat Henry Kissinger handed away at 100—triggering, you guessed it, a number of eight Kissinger-themed cash throughout three blockchains (Choicest of all of them? Little doubt, Kissinger69ObamaBidenInu420). Collectively, the Kissinger cash noticed over $250,000 price of buying and selling quantity.
I simply discovered Henry Kissinger died, by way of the very fact an alt coin appeared on my feed known as “KISSINGER”.
— Tyler (@ApeDurden) November 30, 2023
To not be outdone, Elon Musk delivered a distinctively off-the-wall (even for him) public look at a New York Instances occasion on Thursday, which crescendoed with the world’s richest man repeatedly and expliciting telling Twitter advertisers—who not too long ago deserted the platform after Musk made an antisemitic put up—to “go fuck your self.”
Inside hours, the outburst generated a slew of “Go Fuck Your self” memecoins, together with one with a $7.28 million market capitalization—no laughing matter.
May the inflow of such extremely capitalized ridiculousness this week bode effectively for hopes of an imminent crypto bull market?
Nicely, in grownup information, indicators more and more level to the Securities and Alternate Fee (SEC) coming, lastly, to a call on an intensely hyped spot Bitcoin ETF in early January.
Window is formally Jan fifth to Jan tenth. Actually which means any potential approval orders are going to return on both Monday Jan 8, Tuesday Jan 9, or Wednesday Jan 10. Mark your calendars individuals. https://t.co/8ob8Y6pgU5
— James Seyffart (@JSeyff) December 1, 2023
With optimism in regards to the monetary product—which analysts estimate might infuse the crypto market with over $1 trillion from conventional monetary establishments and traders—at an all-time excessive, goals of a bullish future on the horizon have overtaken the prevailing temper on Crypto Twitter.
Edited by Ryan Ozawa.
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