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Thursday morning, OJ Simpson presentation News that the controversial former football star has died after a years-long battle with cancer.
It only took a few minutes before the inevitable happened. There has been a flurry of highly speculative meme coins themed taking advantage of the deaths of former NFL stars and actors.
coin name ‘OJ Simpson’ “Kill OJ Simpson” “Leather gloves that are gently used” And even, yeah, “Expired OJ,” Shots were fired minutes after the news broke. Earn OJ Theme Tokens Quickly millions of dollars Trading volume is significant and prices sometimes surge. Of course most It’s falling down spectacularly. Within hours of launch.
This is by no means the first time that cryptocurrencies have seen this pathological cycle unfold, and it certainly won’t be the last. But why do people rush to create meme coins when a celebrity dies?
First, to state the obvious: trending topics provide traders with an attractive opportunity to capture public attention and create buzz about a token without actually doing anything.
Simpson, the death of prominent figures such as Queen Elizabeth II; charlie mungeror Henry Kissinger, creates such a situation. But so are viral moments, like when Elon Musk tells Twitter advertisers: “Go and fuck yourself.”
However, what critically lubricates this opportunity is the reality that launching a token on a particular blockchain network has never been easier or cheaper.
It’s no coincidence that all of the best OJ Simpson meme coins created this morning were released everywhere. Solana or Ethereum layer-2 network Base. The cost of creating new tokens on both networks is now almost negligible.
Making things even easier are services like Solana-based. PumpIt helps users with no technical expertise distribute meme coins with transaction fees of less than $4.
It makes perfect sense, then, why Solana and Base have been inundated with more meme coins than they can handle in recent months. After a few tokens including: BONK and Dogwifhat With an explosion of multibillion-dollar success stories in December, the race for the next meme cash cow is on. (or cat.)
part Solana user We are distributing hundreds of new tokens per day in hopes of catching the big one. Base has recently seen so much traffic related to meme coins that the Coinbase app, which also relies on the network, fall.
Meme coins have always been a trend in the news. However, when Ethereum was the dominant chain for token creation, cryptocurrency users had to be relatively technologically adept to launch new coins and spend significant amounts of money on transaction fees to distribute them. At the time, whatever idea was on a cryptocurrency user’s mind, it probably wasn’t worth it to dump it out into the world as a perpetual token.
Thanks to technological innovation, these barriers have now disappeared. Now we have to sift through dozens of dead OJ tokens that will soon become worthless, which will remain on-chain until the end of time.
Editor: Andrew Hayward
