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Home»ETHEREUM NEWS»Crypto Twitter This Week: New Dogs, Old Tricks
ETHEREUM NEWS

Crypto Twitter This Week: New Dogs, Old Tricks

By Crypto FlexsDecember 25, 20234 Mins Read
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Crypto Twitter This Week: New Dogs, Old Tricks
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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.

Kevin, if you give the blue chips a chance like this fucking dog in the hat here, believe me Kevin, the only problem you’ll have is that you won’t buy any more. pic.twitter.com/ebvBw19urR

— Hush (@tittyRespecer) December 21, 2023

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.

Who put dogwifhat on the Bloomberg terminal?

— Iceberg ❄️ (@icebergy_) December 20, 2023

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.

Cryptocurrency companies are spending millions of dollars building an army of former Department of Defense and law enforcement officials to oppose new rules aimed at stamping out cryptocurrency-financed terrorism. This revolving door boosts the cryptocurrency industry but also threatens national security. https://t.co/OGnrL0VKdH

— Elizabeth Warren (@SenWarren) December 19, 2023

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.

Bust of the Year: Solana Saga Crypto Phone

No amount #bonk Or maybe Cryptosaurus will save this call. It’s a shame that this ceramic build is wasted with a weak camera, display, and battery. We may find a defense for this phone, but not yet. $SOL Holder, that doesn’t make sense. pic.twitter.com/bG2GHYJLmh

— Marques Brownlee (@MKBHD) December 20, 2023

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.

Bro, don’t worry about the tent shipping anything to you, just send me my damn phone BREH

— DGH (@danielgothits) December 20, 2023

Edited by Ryan Ozawa.

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