Eminem Endorses Crypto.com; Trader Makes Big on Solana Memecoins; Rare Satoshi Sells for $2.1M
Summary:
U.S. rapper Eminem has given his endorsement to cryptocurrency exchange Crypto.com through a recent marketing campaign. Meanwhile, a trader using the name "paulo.sol" turned a significant profit by flipping three Solana memecoins. In parallel news, a rare satoshi mined during Bitcoin's fourth halving sold at an auction for approximately $2.1 million on CoinEx Global.
U.S. rap artist Eminem has joined the ranks of celebrities publicly supporting the cryptocurrency exchange, Crypto.com. A savvy individual has made a significant profit through the sale of three Meme coins related to Solana. At the same time, an incredibly rare satoshi extracted during the fourth Bitcoin halving by ViaBTC recently went under the hammer for a whopping $2.1 million.
The popular rapper, whose real name is Marshall Mathers, has expressed his support for Crypto.com through a freshly launched marketing initiative making rounds on social platforms. On April 26, Eminem shared an ad featuring the Crypto.com catchphrase, "fortune favors the brave", creating a buzz in the cryptosphere. This marks Crypto.com's most significant star endorsement since actor Matt Damon advocated for the crypto trade platform at the height of the last bullish market in October 2021.
In the wake of multiple business failures within the crypto industry since 2022, celebrities have been steadily distancing themselves from the sector. The most massive failure was that of FTX, culminating in a 25-year jail term for its ex-CEO. The reaction to Eminem's endorsement has swept across various platforms, inviting a barrage of parodies fitting within the confines of the crypto landscape. A Reddit user humorously commented, "Will the real Satoshi please stand up?"
On April 26, a individual reaped substantial profits from his investments in Meme tokens linked to Solana (SOL). The individual, operating under a Solana Name Service account named "paulo.sol", garnered profits via trading in Meme tokens such as Dogwifhat (WIF), Jeo Boden (BODEN) and Bonk (BONK). Investment in BONK began as early as November 11, 2023, exhibiting a thorough understanding of the trends of Meme coins. The individual didn't straight away invest in WIF and BODEN as they debuted. In the end, trading in Solana-based Meme tokens earned the trader over $22.83 million in profits. Despite securing millions in earnings, the crypto trader also retains $7.6 million in BODEN tokens and $5.7 million in WIF.
On April 25, an exceptional satoshi from the fourth Bitcoin halving block was sold for 33.3 Bitcoin (BTC)—approximately $2.13 million—on CoinEx Global. The auction ran from April 22 and ended with 34 bids. An unidentified individual managed to obtain the rare satoshi—denoted as "sat number 1,968,750,000,000,000". The runner-up placed a bid of 20 Bitcoin. CoinEx announced the successful auction, saying: "This auction isn't just a bidding event; it marked the community recognition, media attention, and widespread embrace of Bitcoin."
This news article does not provide investment advice or suggestions. All investments and trading activities involve inherent risks. Therefore, prospective investors should perform their own due diligence before making any decisions. Reported by Geraint Price, Sam Bourgi and Felix Ng.
Published At
4/26/2024 10:49:46 PM
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