Crypto Twitter This Week: New Dogs, Old Tricks

Dog-themed Solana meme coins for a few weeks dominate ruthlessly There is no end in sight to the cryptocurrency Twitter discourse. But in the end it will look like that Bonk fever It’s broken thanks to another dog-themed Solana meme coin.

Dogwifhat (WIF), a startup meme coin that describes exactly what you’re thinking, rocked Twitter this week after climbing. A ridiculous 227,000% In less than a month. WIF holders and Solana ecosystem enthusiasts have been puzzled by the coin’s success this week and are trying to ensure that it continues to rise.

But if Dogwifhat’s supporters were smiling, they were laughing all the way to the bank. Token activity combined with other Solana meme coin trading has pushed weekly trading volume on the Solana decentralized exchange (DEX) above that of Ethereum. For the first time On Thursday. And Dogwifhat’s meteoric rise has caught the attention of mainstream financial analysts.

Bitwise, the cryptocurrency index fund manager that helped create a mood of goofy optimism online this week, released a Twitter ad starring Johnathan Goldsmith, known as “The Most Interesting Man in the World” of Dos Equis, weighing in on the outlook for Bitcoin ETFs. made fun of

A financial product that would allow traditional financial institutions and investors to gain exposure to Bitcoin while holding cryptocurrencies has not yet been approved by the Securities and Exchange Commission (SEC). However, there are enthusiastic expectations about the product’s potential approval. january BTC was raised to . annual high.

Meanwhile, Senator Elizabeth Warren posted a tweet this week that was quickly deleted along with a community note after the politician made her remarks. a poignant letter to a crypto lobbying group that accuses it of promoting terrorism.

Now, underneath Warren’s tweet, it says, “Cryptocurrencies are objectively less than 1% of all financially illicit activity.” “There is also nothing to support the claim that it could threaten national security. Cash is untraceable and blockchain is a public ledger.”

Perhaps the most multi-layered Twitter interaction this week came from tech critic and YouTuber Marques “MKBHD” Brownlee. “Bust of the Year.” Although the phone popularity soared Last week, the craze came from the realization that the free airdrops available on phones were worth more than the phone’s $599 sticker price.

To liven up the moment, Solana Labs embraced the title, asking Brownlee to have a “Bust of the Year” trophy delivered to their office, and referring to Saga as an “award winner” in a later joking post.

However, many of the disgruntled Solana users ordered Saga smartphones, which Solana Labs discovered by mistake. I sold a lot of phones I didn’t own. In the inventory, it was clear that you would have the last laugh.

Edited by Ryan Ozawa.