Posted 11/30/2023, 11:24:58 PM
Meme Coin Inspired by Charlie Munger Briefly Spikes 31,000% Before Crashing
- MUNGER meme coin inspired by Charlie Munger's death pumped 31,000% then crashed 97.6% to $18K market cap
- Generated $3.57M trading volume in first 24 hrs, now down to $23K volume
- Volatile pump-and-dump action common for meme coins tied to news/pop culture
- CZ meme coin after Binance CEO's resignation spiked 400,000% then dropped 93%
- Funerary meme coins like those inspired by Henry Kissinger's death often follow similar boom-and-bust pattern