Last Week on Crypto Twitter: Memecoin Mania
Crypto News

Last Week on Crypto Twitter: Memecoin Mania

Memecoin euphoria takes over crypto, even extending to — yes, that's right — Bitcoin. Check out our weekly CT roundup!

Last Week on Crypto Twitter: Memecoin Mania

Daftar Isi

Gm,

What a week it’s been. memecoins are so back. They are back to the extent that they have broken Crypto Twitter, Ethereum and Bitcoin.

Let us explain…

Whose Threads Are a Must-Read?

So. You may or may not remember this round-up mentioning PEPE for the first time two weeks ago. It had already printed millionaires back then.
But now we’re in memecoin frenzy mode. All-out mania. People are even suggesting a memecoin supercycle:
View post on Twitter
You read that absolutely right. No more complicated ponzis. No more DeFi, L1, infrastructure vaporware VC shenanigans. Adjust investments to the IQ of Tiktokers.
Whether they like it or not, Bitcoiners are now part of the memecoin madness too. Ordinals were the test case. They are at an all-time high volume, as this thread about Bitcoin Ordinals analytics explains:
View post on Twitter
The market’s already in the next state of mania and moved on to BRC-20 shitcoins, ehhh altcoins, that is. Needless to say that explosive growth is a bit of an understatement for this situation.
So redphone is probably right when he suggests the next bull cycle being the most explosive one yet:
View post on Twitter
Imajin if people actually started caring about Dapps and all that other stuff on the blockchain no one uses. We could be in for the ponzi singularity.

Now if you missed PEPE or just don’t trade memecoins, you may be better off tailing the smart people who do. Someone checked the chain and there are wallets that bought both PEPE and SHIB early:

View post on Twitter

Might want to bookmark these three addresses.

Was there anything else worth talking about other than memecoins and their effects?

Not really. But Jason Lowery had a nice thread about why Bitcoin is a great tool for national cybersecurity:
View post on Twitter
Ok yea, Jason, nice. But hear us out: altcoins on the Bitcoin blockchain.

Wisdom of the Week

Lots of wisdom in the timeline last week. One nugget came from Hsaka:

View post on Twitter

You can (or don't want to) never leave indeed. This is most probably not the last memecoin mania either. If you missed this one, don’t beat yourself up. Because it’s not about the millions.

Who Is Arguing in Way Too Public a Place?

Another week, another memecoin rug. This time WSB Coin was on the end of some drama:
View post on Twitter

As it always goes, out came the pitchforks and doxxing threats:

View post on Twitter

How did this one end?

Apparently with funds recovered. Good for them:

View post on Twitter

Elon Building Twitter

Surely, with all this madness going on, Elon would put on his memecoin shitlord suit and jump right in?

Nope! A really quiet week for Chief Twit. No drama, no major Twitter updates, no crypto. Just Elon enjoying some family time at the F1 race:

View post on Twitter
Just kidding, how could Elon not cause a memecoin to pump? He replied to Beeple’s incomprehensible tweet, causing GPT-created memecoin TURBO to pump:
View post on Twitter

Talk of the Town

Ok. So. Uhm, where do we start here…

We covered this entire Pepe-to-the-moon story in an extra article: Is Memecoin Szn Back? But that was last Wednesday. So now it’s time for an update and, obviously, everyone wants to know: wen short?

Well, the top may or may not be already in. Jack Niewold thinks it’s not:

View post on Twitter

PEPE is a wonderful reminder about what crypto stands for:

View post on Twitter
Imagine this: PEPE even started onboarding those people to DeFi that refused to use its infrastructure for years. Like millionaire crypto influencers:
View post on Twitter

Crazy, isn’t it?

But still, there are some good people left in crypto- People with integrity that do not put money first. People like jaredfromsubway.eth:

View post on Twitter

This memecoin tsunami is so strong, it even washes over Bitcoin dinosaurs and laser eye maxis that want to keep the chain clean of nasty “transactions.” Yes, that really happened:

View post on Twitter

Bitcoiners are in shock and disbelief over this DDoS attack:

View post on Twitter
The horror! Someone is *gasp* using Bitcoin. Binance temporarily suspended withdrawals to cope with this onslaught of usage. That makes the proposed tax on Bitcoin miners even more lucrative:
View post on Twitter

Now that everyone has submitted to the Pepe standard and we agree money isn’t real, it doesn’t matter if we burn millions, right? Then we can consider Balaji a foreward-thinking pioneer:

View post on Twitter

Memes

The memes were pretty obvious last week. But everyone who was watching it from the sidelines did not have a lot of fun:

View post on Twitter

Business and finance classes on Twitter are far superior to boring university alternatives:

View post on Twitter

Leaving you with the overall sentiment of this market:

View post on Twitter

See you next week!

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
1 person liked this article