Is it still illegal if the scammer tells you its a scam? Bizzare memecoin story! What does Bitcoin's path to $80K look like? If elections were settled with memecoins, Biden would win by a landslide.
💰 THE pre-announced rugpull PLAN that raised 8.8 ETH!
🤔 Bitcoin’s path to $80K
😱 Biden wins the memecoin contest, but the election?
If a project tells you outright it's a scam—maybe, just maybe, believe them!
In crypto, “rug pulls” are the equivalent of magic tricks that leave the audience not just amazed but downright broke. No one likes them and EVERYONE wants to avoid them, right? RIGHT? 🤔
No, what if a coin came along and said, "Guess what? I'm going to disappear with all your money!" And yet, people still threw cash at it. Welcome to the story of $THEPLAN, the cryptocurrency that dared to be honest about its dishonest plans.
$THEPLAN did something unprecedented—it announced itself as a rug pull from the get-go. Its bold slogan?
"The world's first memecoin pre-announced as a rugpull."
Its website offered some of the most honest financial advice you'll ever see in the crypto space: "Do not buy this coin, as it will go to zero." But did the crypto bros listen? 🐦
Nope. They dived headfirst, sending over 8.8 ETH (almost $29,000) into the project's pre-sale, despite the creator's tweets screaming "scam" at every turn.
The creator of $THEPLAN seemed as baffled as anyone else about this bizarre turn of events. Why were people so eager to part with their money for a self-proclaimed scam? 🤔
And just when you thought the plot couldn't thicken any further, the creator claims to have been hacked—adding another layer of irony to the whole operation. Is it possible to scam a scam? In crypto, apparently, yes. 😤
However, in another unexpected twist, they've now vowed to use the funds for charitable causes. Despite initially duping investors, the creator has started channeling the funds into acts of kindness, leaving the investors with mixed feelings:
$120 to the Los Angeles food bank, providing meals for hungry kids.
$120 to ETH Evacuations, aiding Palestinians fleeing Gaza.
$50 to buy a goat for a farmer in Kenya.
In total, $290 of the funds raised have been redirected towards these noble causes. Where the rest of the amount goes is yet to be seen. But the question is, can we really blame the rugpuller? I mean, he mentioned it clearly. Let’s just applaud him for one heck of a marketing trick for now.
Now, before you dive headfirst into the next big crypto hit, here are some do's for beginners to avoid getting "rug pulled":
Do Your Homework 📖
Research is your best friend. Look into the team behind the coin, their track record, and the project's viability. If the team's anonymous or the project sounds like it was named by throwing darts at a pop culture board, maybe think twice.
Community Matters 👩💻 A strong, active, and transparent community is a good sign. If the only posts you see are "TO THE MOON" without any substantial discussion, it might just crash land instead.
Promises, Promises 📈
Be wary of projects promising ridiculous returns. Remember the old saying, "If it sounds too good to be true, it probably is." Especially if they're upfront about taking your money and running.
Tech-Savvy 💪
Understand at least the basics of how the cryptocurrency works. If their whitepaper reads like it was written in an alien language, it might not be the investment for you.
Trust Your Gut! 😤 Lastly, if a project tells you outright it's a scam—maybe, just maybe, believe them.
While $THEPLAN's story might give off a few laughs, it also serves as a reminder: in the world of memecoins and quick riches, sometimes the only plan you need is a healthy dose of skepticism. NOTE IT DOWN.
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As Bitcoin gears up for another halving event, here's a quick rundown of what's buzzing in the Bitcoin world:
BTC’s Price Surge: Kicking off April with a bang, Bitcoin’s price soared past $70,000, eyeing its all-time highs as Wall Street's open approaches.
Anticipation Runs High: The crypto community is on the edge, speculating whether BTC can maintain its momentum amidst this crucial period.
Halving Countdown: With the halving just 10 days away, miners are hustling to adjust to the impending 50% cut in block rewards, potentially doubling mining costs.
Macro Factors at Play: Eyes are also on macroeconomic indicators, like the U.S. CPI and PPI, which might influence the Fed's stance on interest rates, further affecting Bitcoin's trajectory.
Fundamentals Stronger Than Ever: Despite potential volatility, Bitcoin’s underlying fundamentals, including mining difficulty and hash rate, are stronger than ever, hinting at a resilient network ready for what’s next.
For an in-depth look at these pivotal developments shaping Bitcoin's path to $80K and beyond, check out the full article on Cointelegraph.
If the political pulse could be measured in memecoins, Biden's leading the charge, at least in the crypto world. With the US presidential election on the horizon, memecoins like joe boden (BODEN) and MAGA (TRUMP) are turning heads, holding 99.7% of the "PolitiFi" category's market cap on CoinGecko. Despite neither party confirming their nominees, Biden and Trump are expected to face off once more.
Market Cap Insights: BODEN's market cap already doubles that of TRUMP, sitting at $487 million compared to TRUMP's $222 million, signaling a hefty lead in the crypto space.
Price Performance: Both tokens have seen impressive gains, with their values skyrocketing 10 to 20 times this year, making them standout performers in a market fascinated by memecoins.
Beyond the Coins: The surge in BODEN's value might not be a direct nod to Biden's popularity but could stem from the broader Solana memecoin frenzy. Similarly, TRUMP's value spike relates to NFT drops linked to the former president.
Betting Odds vs. Memecoins: Betting platforms like Polymarket hint at a tight race between Trump and Biden, but memecoin valuations suggest a different story, with Biden predicted to win the popular vote by a landslide, mirroring memecoin market sentiment rather than actual approval ratings.
For a deeper dive into how memecoins are playing into political forecasts, check out the full story.
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Tigran Gambaryan, who works for Binance, said he didn't do anything wrong when facing charges in Nigeria. However, the court wasn't buying his defense, noting he was in Nigeria before on Binance's behalf.
CryptoQuant's Ki Young Ju says mining Bitcoin will get pricier, jumping from $40K to $80K post-halving in April. This event, slashing rewards in half, could shake up miner profits despite Bitcoin's current price of $72,220.
A whopping 91.7% said "yes" to staking 20M tokens (that's over $61 million!) on April 6. dYdX's plan? Use the move to spread out voting power and beef up network security.
Uniswap’s $2 Trillion Volume Surpasses Australia’s GDP In just over five years, Uniswap, the DEX star, zoomed past $2 trillion in trades, outshining the entire GDPs of heavyweights like Australia, Brazil, and South Korea. Quite the feat since its 2018 debut!
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