Crypto X Posts- 2024’s Top Crypto Drama on X: Memes & Markets
Crypto X Posts– Crypto culture, deeply rooted in the internet, continues to thrive on platforms like X (formerly known as Crypto Twitter). In 2024, there were numerous unforgettable moments that captured the crypto community’s attention, some shaping market dynamics, influencing policies, or simply providing a good laugh. Here are seven of the most memorable X posts from 2024.
The SEC’s Fake Bitcoin ETF Approval
On January 9, just one day before a predicted SEC announcement, the SEC’s official X account posted a message claiming Bitcoin ETFs had been approved. The post, which included a quote from SEC Chair Gary Gensler, sent shockwaves through the crypto world. Bitcoin surged by over $1,000, but the excitement was short-lived. Just 15 minutes later, Gensler clarified that the tweet was unauthorized and the SEC had not approved any Bitcoin ETFs.
Later, on January 10, the SEC did approve the first-ever Bitcoin ETFs, adding a bizarre twist to the story. The incident raised questions about security, with the SEC later attributing the hack to a SIM swap attack. In October, a suspect, Eric Council Jr., was arrested for the hack.
Donald Trump’s Support for Bitcoin
U.S. President-elect Donald Trump made waves with his pro-crypto stance, sharing his thoughts on cryptocurrency via Truth Social. In May, Trump expressed his “very positive” view on the cryptocurrency industry, writing in all caps, “I AM VERY POSITIVE AND OPEN MINDED TO CRYPTOCURRENCY COMPANIES.”
In June, Trump made another bold declaration, saying he wanted “all the remaining Bitcoin to be MADE IN THE USA!!!” — an ambitious call given the decentralized nature of Bitcoin. While these posts weren’t on X, their impact rippled across the platform, contributing to crypto’s prominence in political discourse.
The “Goggles Guy” Questioned Trump on Crypto
In a moment that sparked a shift in the crypto conversation, Malcolm, the chief of staff for the NFT project DeGods, made headlines by asking Donald Trump a key question about crypto. At a Mar-a-Lago event, Malcolm, wearing massive reflective Pit Viper sunglasses, asked Trump how he would stop crypto firms from moving overseas. The question caught attention, with Gemini co-founder Tyler Winklevoss noting that it had “completely reversed crypto’s fortunes in Washington.”
CZ’s “gm” After Four Months in Jail
Changpeng Zhao (CZ), the founder of Binance, made a dramatic return to X after serving four months in prison. On September 27, he posted a casual “gm” (good morning) as he got back to business. Zhao had stepped down as CEO following violations of U.S. money laundering laws but wasted no time diving back into the crypto scene. His nonchalant comeback highlighted his resilience, despite his legal challenges.
Bubblemaps Exposes Celebrity Token Scams
Bubblemaps, a crypto data analytics platform, rose to prominence in 2024 for exposing celebrity-backed tokens and their potential market manipulation. By providing on-chain data showing large clusters of insider wallets dumping tokens at launch, Bubblemaps earned a reputation for calling out pump-and-dump schemes. Many celebrity tokens saw significant drops in value after Bubblemaps exposed these activities, leading to legal scrutiny for some.
Truth Terminal AI Bot Promotes Goatseus Maximus
In a strange intersection of AI, crypto, and memes, the AI bot “Truth Terminal” helped fuel a memecoin frenzy in October. Goatseus Maximus (GOAT), a token inspired by the infamous “Goatse” meme, saw its value soar to $150 million within days. Despite initially being believed to be created by the AI bot, its creator clarified that the bot only endorsed an already existing token. The token peaked at a market cap of over $1.3 billion before cooling off to $442 million.
Roaring Kitty’s Comeback and GameStop’s Surge
Keith Gill, known as “Roaring Kitty,” made his long-awaited return to X in mid-May with a cryptic post that ignited a huge surge in GameStop’s stock. Following his analysis of GameStop and AMC during the 2021 meme stock frenzy, his unexpected post led to a 44% increase in GameStop shares in pre-market trading and a massive 110% jump at the market open. His posts also triggered large movements in meme tokens related to GameStop and AMC.
The stock surge didn’t last long, as Gill faced legal action from a GameStop investor who accused him of securities fraud — though the case was later dropped. Nonetheless, Roaring Kitty’s return highlighted the enduring power of social media in shaping markets.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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