Memecoin Skyrockets Following Charlie Munger’s Passing
A memecoin, created just 15 minutes after Charlie Munger’s death, saw an astonishing surge of over 31,000% in its value.
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A memecoin, created just 15 minutes after Charlie Munger’s death, saw an astonishing surge of over 31,000% in its value.
However, the MUNGER token’s meteoric rise was short-lived as it subsequently plummeted by more than 98%.
The
sharp decline came as details emerged about the token’s flawed smart
contract, which had erroneous functions enabling developers to limit the
sale of the asset.
Daily trading volume for MUNGER reached its peak at $3.5 million on that day.
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