Karate Combat

Light

Bitcoin ETF

Bitcoin

An organized fight on the weekend between crypto influencer Ben “BitBoy” Armstrong and memecoin developer “More Light” was seemingly more than just a wild flailing of arms and legs.&nbsp;
Their associated memecoins — Ben (BEN) and&nbsp;HarryPotterObamaSonic10Inu (BITCOIN) — also whipsawed before and after the match.
The pair teed off against each other at a crypto influencer fight night hosted by combat sports company Karate Combat in Mexico on Feb. 24. 
<blockquote class="twitter-tweet">
 In an "only in crypto" moment Friday night in Mexico City, Ben "BitBoy" Armstrong fought against More Light, developer of the HarryPotterObamaSonic10Inu memecoin. They were surprisingly well matched; here are the highlights. <a href="https://t.co/N4qqr5zJM1">pic.twitter.com/N4qqr5zJM1</a>— Jameson Lopp (@lopp) <a href="https://twitter.com/lopp/status/1761757943341740276?ref_src=twsrc%5Etfw">February 25, 2024</a>
</blockquote> 
Speaking to Cointelegraph, the pseudonymous developer of BITCOIN known as “More Light” said he decided to take up the fight “on a whim” roughly four weeks from the event. 
“I had told the organizer at Karate Combat randomly if BitBoy’s opponent drops out, I’ll fight him. I only heard about the fight like four, five weeks ago and had been relaxing, not training,” said More Light.
<blockquote data-ct-non-breakable="true">
 “So, I had to get my ass in gear fast.”
</blockquote>
More Light said he didn’t expect Armstrong to come out so “amped up” and was taken aback by him pulling crazy faces and swinging for the fences. 
<h2 id="memecoin-swings-and-haymakers">Memecoin swings and haymakers</h2>
According to pre-fight <a href="https://polymarket.com/event/ben-armstrong-vs-more-light-who-will-win/will-more-light-beat-ben-armstrong" target="_blank" rel="noopener nofollow">data</a> from the decentralized betting app Polymarkets, More Light was the crowd favorite in the lead-up to the bout, with 62% of bets being placed on the memecoin dev. 
However, Armstrong managed to come out on top, being declared the victor by unanimous decision after three two-minute rounds of fighting. 
Following Armstrong’s win, the price of $BITCOIN plunged more than 20% in 4 hours, falling from $0.052 to $0.040. The token has since rebounded and is trading at around $0.056, up 40% from the end of the fight. 
Meanwhile, the price of an Armstrong-linked memecoin called BEN surged 87% following Amrstrong’s victory, spiking from $0.000004 to $0.0000075 in six hours. The price of the token has since fallen back to around $0.000005, per Dex Screener <a href="https://dexscreener.com/ethereum/0x0037830245f5dd5ff4d158101309ba3ad3639783" target="_blank" rel="noopener nofollow">data</a>.&nbsp;
<blockquote class="twitter-tweet">
 <a href="https://twitter.com/search?q=%24BEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BEN</a> post bitboy fight haha god I love this space (Ben token is ponzi) <a href="https://t.co/cVWCoF009y">pic.twitter.com/cVWCoF009y</a>— cousin crypto (@cousincrypt0) <a href="https://twitter.com/cousincrypt0/status/1761326729870574065?ref_src=twsrc%5Etfw">February 24, 2024</a>
</blockquote> 
Overall, More Light reiterated there was no bad blood between them in real life and said that Armstrong was a “good guy” in person. 
HarryPotterObamaSonic10Inu is a memecoin project developed as a gag around the world’s largest crypto asset, Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>), co-opting the cryptocurrency’s full name as its ticker. 
Related: <a href="https://cointelegraph.com/news/bitcoin-etf-memecoin-bull-run">Could Bitcoin ETF approvals spark memecoin bull run?</a>
The fight also attracted various responses from crypto industry pundits, ranging from amusement to criticism. 
“What circle of hell is this and why am I watching it,” <a href="https://twitter.com/0xMert_/status/1761240482120688117" target="_blank" rel="noopener nofollow">wrote</a> pseudonymous Helius developer Mert in a Feb. 24 post X.
Meanwhile, others pushed back against any praise being directed Armstrong’s way. 
“No, Bitboy does not suddenly deserve respect because he won a karate competition,” wrote trader TheFlowHorse. 
<blockquote class="twitter-tweet">
 No, Bitboy does not suddenly deserve respect because he won a karate competition. “Ah, yeah, he left his family and ruined his life for all of us to see, one line at a time. But man, after winning that karate dancing contest, he really turned a corner for me.” <a href="https://t.co/uj5AAk3ZuZ">pic.twitter.com/uj5AAk3ZuZ</a>— HORSE (@TheFlowHorse) <a href="https://twitter.com/TheFlowHorse/status/1761387148937236914?ref_src=twsrc%5Etfw">February 24, 2024</a>
</blockquote> 
Magazine: <a href="https://cointelegraph.com/magazine/crypto-inevitable-all-in-meet-vance-spencer/">‘Crypto is inevitable’ so we went ‘all in’ — Meet Vance Spencer, permabull</a>

Ben ‘BitBoy’ Armstrong fight causes wild swings in memecoin prices

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