The SEC’s Fake Bitcoin ETF Approval
In a shocking turn of events, the Securities and Exchange Commission (SEC) approved a fake Bitcoin ETF, leaving many in the crypto community bewildered. This debacle marked one of the most memorable moments on Crypto Twitter (X) in 2024.
The incident highlighted the lack of transparency and accountability within regulatory bodies. It also sparked a heated debate about the role of government agencies in regulating cryptocurrencies.
Bubblemaps Pops the Celeb Token Bubble
Bubblemaps, a crypto data analytics platform, emerged as a key player on X this year. The platform’s damning posts and diagrams exposing alleged insider wallets dumping celebrity tokens sent shockwaves throughout the industry.
One notable example was the takedown of $HAWK, which showed 96% of its supply clustered in one wallet. This expose led to a significant decline in the token’s value and raised questions about the legitimacy of celebrity-endorsed cryptocurrencies.
Truth Terminal AI Bot Shills Gross Memecoin
In October, an artificial intelligence bot called "Truth Terminal" — funded in part by Marc Andreessen — sparked controversy when it endorsed a memecoin dubbed Goatseus Maximus (GOAT). The bot’s creators claimed that it had only promoted a pre-existing token, but the incident raised concerns about AI-powered manipulation of cryptocurrency markets.
The GOAT token’s rapid growth to a $150 million value in four days was seen as a perfect storm of weirdness, with AI, crypto, and memes all converging. The memecoin’s peak market cap of over $1.3 billion and subsequent decline only added to the drama.
Roaring Kitty’s Quiet Comeback Makes Big Impact
Keith Gill, known as "Roaring Kitty," made a surprise return to X in mid-May after a 30-month hiatus. His cryptic post sent shockwaves through the market, causing GameStop shares to surge by up to 110% and AMC shares to rise by up to 25%.
Gill’s mysterious posts sparked a frenzy of speculation among investors, with some even suing him for alleged securities fraud. However, the suit was eventually dropped, leaving many questions unanswered.
CZ’s Return from Prison
Changpeng Zhao, also known as "CZ," made headlines when he posted on X after being released from prison in September 2024. The Binance CEO shared a light-hearted post about enjoying better food and vowed to "chill for a bit" before figuring out his next steps.
Zhao’s return was seen as a breath of fresh air, with many welcoming him back to the crypto community. His posts on X provided a rare glimpse into his life outside of the public eye and humanized the usually stoic CEO.
Bubblemaps’ Takedown of Celebrity Tokens
Bubblemaps continued its crusade against celebrity-endorsed tokens this year. The platform’s diagrams exposing alleged insider wallets dumping these tokens sent shockwaves through the industry, with many wondering if the bubble would ever burst.
One notable example was the takedown of $HAWK, which showed 96% of its supply clustered in one wallet. This expose led to a significant decline in the token’s value and raised questions about the legitimacy of celebrity-endorsed cryptocurrencies.
YGG’s Gabby Dizon Predicts Crypto Games Will Soon Hit 1M Monthly Users
In a bold prediction, Gabriel Dizon, also known as "Gabby," shared his vision for the future of crypto games on X. He stated that these games would soon hit 1 million monthly users, marking a significant milestone in the industry.
This prediction sparked a heated debate among investors and gamers alike, with some questioning the feasibility of such growth. However, Dizon’s enthusiasm and expertise made him a compelling voice in the conversation.
Roaring Kitty’s Sudden Return Sparks Market Frenzy
Roaring Kitty’s surprise return to X in mid-May sent shockwaves through the market. His cryptic post sparked a frenzy of speculation among investors, with GameStop shares surging by up to 110% and AMC shares rising by up to 25%.
This sudden movement was seen as a testament to Roaring Kitty’s influence on the market, even after his lengthy hiatus. His mysterious posts continue to captivate investors, leaving many wondering what he’ll say next.
The Rise of Bubblemaps
Bubblemaps emerged as one of the most influential voices on X this year, exposing alleged insider wallets dumping celebrity tokens and sparking a heated debate about the legitimacy of these cryptocurrencies.
The platform’s diagrams exposed clusters of supply in various wallets, leading to significant declines in token values. This expose raised questions about the role of regulatory bodies in protecting investors from such scams.
CZ’s Return from Prison: A New Era for Binance?
Changpeng Zhao’s return to X after being released from prison marked a new era for Binance. His light-hearted post about enjoying better food and vowing to "chill for a bit" was seen as a breath of fresh air, humanizing the usually stoic CEO.
Zhao’s return sparked renewed interest in Binance, with many welcoming him back to the crypto community. His posts on X provided a rare glimpse into his life outside of the public eye, leaving investors wondering what the future holds for the exchange.
These are just a few of the most memorable moments on Crypto Twitter (X) this year. From the SEC’s fake Bitcoin ETF approval to Roaring Kitty’s sudden return and CZ’s prison release, 2024 was a wild ride for the crypto community.
