November 27, 2023

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MUNGER Memecoin Skyrockets 31,000% Within Hours of His Death

November 30, 2023

MUNGER's Explosive Debut

MUNGER experienced an astonishing debut on the Uniswap decentralized exchange, with a surge of 31,500% shortly after its launch.

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Lack of Legislation

Despite the significant percentage gains, MUNGER's value remains extremely low, priced at $0.00000001884.

Microscopic Token Value

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Irony in Crypto Trading

Despite Munger's Anti-Crypto Stance, Meme Coin Traders Pump $3.57M in 24-Hour Surge.

Image Credit:  Chainbits

Market Capitalization Rollercoaster

MUNGER's market capitalization initially exceeded $132,000, but it rapidly decreased, emphasizing the unpredictability and risk associated with meme coins.

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Contempt for Crypto

Charlie Munger was a vocal critic of cryptocurrencies, describing them as "worthless" and "beneath contempt.

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Bitcoin as "Rat Poison"

Munger's specific criticism extended to Bitcoin, which he regularly referred to as "rat poison." This reinforces his overall negative stance towards digital assets and blockchain technology.

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Meme Coin Risks &  Rug Pulls

Meme coins pose risks with 'rug-pulling,' where anonymous creators withdraw liquidity, leaving investors with significant losses.

Image Credit: Nbc news