Top Crypto Moments of 2024: Memecoins, Celebrities, and the SEC’s Controversial Tweet
Top Crypto Moments of 2024 – The cryptocurrency world thrives on rapid shifts and unexpected moments, often amplified by social media. In 2024, Crypto Twitter, now known as X, continued to be the platform where pivotal events unfolded. Below are seven of the most unforgettable posts on X, each leaving a significant mark on the market, influencing policies, or simply providing some entertainment.
1. The SEC’s Fake Bitcoin ETF Approval
On January 9, 2024, X saw an unforgettable moment when the U.S. Securities and Exchange Commission (SEC) announced an approval for Bitcoin ETFs. The tweet, claiming the approval had been granted, sent Bitcoin’s price soaring by over $1,000. The excitement was short-lived, as SEC Chairman Gary Gensler later clarified that the post was the result of a hack. This led to a SIM swap attack on a staffer’s account. Just a day later, the SEC actually approved Bitcoin ETFs, but the moment of confusion had already made waves.
2. Donald Trump Backs Bitcoin
In May, U.S. President-elect Donald Trump made waves in the crypto space by posting on his Truth Social platform that he was “very positive and open-minded to cryptocurrency companies.” He further proclaimed in June that all Bitcoin should be “MADE IN THE USA!!!” Despite the post not appearing on X, it generated massive attention on the platform, making it one of the most talked-about crypto moments in 2024.
3. Goggles Guy Questions Trump on Crypto
In a pivotal moment in the crypto regulatory debate, Malcolm, the chief of staff at the NFT project DeGods, asked Trump about his stance on preventing crypto firms from leaving the U.S. Malcolm’s bold question at Trump’s Mar-a-Lago event caught the attention of both the crypto community and traditional media. Later, Tyler Winklevoss of Gemini shared his belief that Malcolm’s question played a key role in shifting Washington’s attitude toward crypto regulation.
4. CZ’s “gm” After Jail Release
In September 2024, Changpeng “CZ” Zhao, the founder of Binance, made headlines after posting a casual “gm” (good morning) on X the same day he was released from a four-month jail sentence. Zhao had faced charges related to money laundering violations, but upon his release, he offered a relaxed post indicating he was ready for the next steps.
5. Bubblemaps Exposes Celebrity Token Moves
Crypto data platform Bubblemaps gained notoriety this year by revealing detailed on-chain movements of celebrity-backed tokens. The platform showcased how insiders often profited from the launch of these tokens. Bubblemaps’ revelations were widely shared on X, contributing to the decline of several celebrity tokens and even leading to legal actions.
6. Truth Terminal AI Bot Promotes Memecoin
In October 2024, an AI bot known as Truth Terminal shared a post that led to the rise of Goatseus Maximus (GOAT), a memecoin that reached a $150 million market cap within four days. Initially believed to have created the token, the bot was revealed to have simply endorsed it. GOAT surged to over $1.3 billion in market cap by mid-November before cooling down to $442 million.
7. Roaring Kitty’s Comeback Makes Waves
In May 2024, Keith “Roaring Kitty” Gill, the retail investor behind the GameStop short squeeze, posted cryptic images on X, causing a massive rally in GameStop and AMC shares. GameStop’s stock jumped as high as 110% after his post, with several meme tokens related to the companies experiencing significant price hikes.
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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