Musk's Rename Mysticism: A Carnival in the Crypto World or a Deadly Trap?
The crypto world once again witnesses the magical reality of the 'Musk Effect'—a name change of an account at three in the morning unexpectedly ignited an absurd celebration of wealth.
At the moment Musk renamed his X account to 'Kekius Maximus' and changed to a frog avatar, the crypto community immediately fell into madness.
This symbol 'Kek', originating from an internet meme, has unexpectedly become the latest wealth code in the crypto world: the token of the SOL chain skyrocketed by 3000% in a single day, while the Ethereum chain version soared by 7000% in just seven days. Even more magical, a mysterious wallet accurately bottomed out 8 hours in advance, using a $4000 principal to reap a profit of $5.65 million, staging a real-life 'time machine investment'.
This farce exposes the absurd nature of the crypto market: there is no fundamental analysis, no value support, only a pathological tracking of Musk's tweets.
From the 'Chief Fool' boosting Dogecoin to 'Harry Bolz' triggering a token crash, Musk's account has long become the most dangerous 'wealth button' in the crypto world.
But behind the carnival lies a bloody scythe: 99% of meme coins will ultimately go to zero, and whale accounts control 90% of the chips, with retail investors merely serving as digital fuel in the game of passing the buck. When the market places its faith in the tweets of billionaires, a crash is merely a matter of time.
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