Crypto Influencer 'BitBoy' Wins Fight, Impacts Memecoin Market
Summary:
Crypto influencer Ben 'BitBoy' Armstrong and memecoin developer "More Light" battled it out at a fight night in Mexico, simultaneously impacting the value of their associated memecoins, Ben (BEN) and HarryPotterObamaSonic10Inu ($BITCOIN). Despite being the underdog, Armstrong emerged victorious, causing a price surge in BEN and a temporary drop in $BITCOIN. Despite the competition, both parties maintain a friendly relationship offstage. The unusual event sparked mixed responses within the crypto community.
Over the past weekend, a pre-arranged bout between cryptocurrency persona Ben 'BitBoy' Armstrong and a memecoin creator by the name "More Light" was more than just a chaotic exchange of kicks and punches. The memecoins linked with each party, namely Ben (BEN) and HarryPotterObamaSonic10Inu ($BITCOIN), also experienced volatility around the time of the fight. The brawl took place on February 24 at a crypto influencer fight night, organized by Karate Combat in Mexico.
In a bizarre incident that seemed like it could only occur in the world of cryptocurrency, "BitBoy" Armstrong went fist-to-fist with More Light, the brains behind HarryPotterObamaSonic10Inu memecoin. The two contenders were evenly matched, creating a spectacle that drew much attention.
During a conversation with Cointelegraph, "More Light,” the anonymous developer of $BITCOIN, confessed to agreeing to the fight spontaneously about a month prior to the event. "I joked with the Karate Combat organizer that if BitBoy's challenger stepped back, I'd replace him. I learned of the fight just four or five weeks ago while I was on a relaxed vacation,” revealed More Light, adding that he had to accelerate his training for the event. He admitted he was caught off-guard by Armstrong's fiery enthusiasm and his erratic behavior during the battle.
Data from Polymarkets, a decentralized betting application, showed that ahead of the fight, the majority of the audience, around 62%, was rooting for the memecoin creator, "More Light". However, Armstrong proved them wrong by emerging victorious from the three-round match after a unanimous judge's decision. Following his win, the value of $BITCOIN declined by 20% in four hours, moving from $0.052 to $0.040, before later bouncing back to around $0.056, a 40% increase from the price post-fight. Conversely, the rate of BEN, a memecoin tied to Armstrong, skyrocketed by 87% within six hours after Armstrong's triumph, moving from $0.000004 to $0.0000075 before eventually decreasing to around $0.000005, as per Dex Screener data.
Regardless of the in-ring struggle, More Light highlighted that there are no hard feelings between him and Armstrong in real life, going as far as to describe Armstrong as a genuinely nice person. HarryPotterObamaSonic10Inu is a memecoin brainchild conceived as a satirical remark on Bitcoin (BTC), the leading cryptocurrency in the world, adopting its complete name as its official label. The event drew mixed reactions from crypto commentators, ranging from amusement to scepticism. Some even refuted the growing admiration towards Armstrong after his win. "No, BitBoy does not immediately earn applause merely owing to his karate match victory," tweeted trader TheFlowHorse.
Presenting Vance Spencer, the optimist who dipped completely into cryptocurrency, asserting "Crypto is unavoidable".
Published At
2/26/2024 7:22:27 AM
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