PWC News
Thursday, July 10, 2025
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

$2K Before Breakfast

Home Markets
Share on FacebookShare on Twitter


A wild factor occurred in crypto final month.

No… this isn’t about Luna, the feminine anime character my spouse found on my laptop computer.

That’s one other story.

This one begins with a put up on X.

It was posted by a child of possibly 12 or 13 who goes by the moniker DizzyWhale.

He created a meme coin that made him over $2,000, so he went on-line to brag about it.

What’s the massive deal about that?

As a result of what occurred subsequent is endemic to the craziness surrounding crypto immediately.

You see, DizzyWhale’s put up took off within the meme coin group the place it acquired over 3 million views.

I assume of us thought it was humorous that somebody that younger might rake in $2K earlier than homeroom.

However the story doesn’t finish there…

The Worth of Fame

What do you do if you’re immediately thrust into the highlight?

You and I’d react in another way, however DizzyWhale did what many individuals do today when sudden fame hits…

He tried to capitalize on it.

A pair days after his preliminary put up, he launched his personal cryptocurrency named GenZ Quant (QUANT) on a web site devoted to meme cash referred to as Pump.enjoyable.

Then he began livestreaming about it.

Through the livestream, the value of the coin shot up…

And shortly it hit one million {dollars} in worth.

That’s when DizzyWhale determined to unload all his tokens.

Within the crypto group that is referred to as “rugging.” Primarily, it’s a pump and dump, and it’s understandably frowned upon.

The token’s value cratered, dropping 54% in a matter of seconds…

However DizzyWhale thought he’d pocketed $20,000…

So he begins leaping round his room, flips off everybody watching and yells, “Thanks for the 20 bandos!” like he simply pulled off the heist of the century.

It was an immature response for certain. However he’s a child, and he truly pocketed nearer to $30,000…

So I may give him a cross.

The crypto group, nonetheless, didn’t. The oldsters watching the livestream didn’t like his response in any respect, in order that they conspired to show him a lesson.

As an alternative of letting the token die after DizzyWhale offered all the pieces, individuals began shopping for it like loopy.

This caught the eye of a well-liked Twitch streamer often known as xQc who introduced over 180,000 viewers with him…

And the value went completely nuts.

Over the subsequent 4 hours, the token skyrocketed to a peak market cap of $85 million.

Which suggests, had DizzyWhale simply held onto his tokens as an alternative of promoting early, he might have revamped $4 million.

However you shouldn’t really feel too sorry for the child…

I’m Sorry (for $13K)

The factor is, QUANT by no means would have shot up that prime within the first place with out DizzyWhale’s antics.

As a meme dealer who goes by SaaS Wiz informed Decrypt.com: “The child did nothing incorrect. He by no means promised a long-term roadmap or the way forward for finance. It’s a meme coin. That is all insanely speculative.”

And the story has a contented ending.

After all of the hullabaloo died down, DizzyWhale created one other token referred to as I’m Sorry (SORRY.)

It will definitely hit a $4.5 million market cap…

And he offered it for simply over $13,000.

As a result of nothing says you’re sorry like $13K.

And I notice all this would possibly sound loopy to you, however I guarantee you it’s simply the most recent in a bizarre development of livestreamed crypto occasions.

One girl promised to go topless for token purchases, and a man in Florida actually set himself on hearth to advertise his coin…

He ended up within the hospital with third-degree burns.

However right here’s the factor…

Right here’s My Take

In spite of everything this, you’re most likely anticipating me to inform you to keep away from meme cash just like the plague on this loopy setting.

However I’m not.

In truth, I’m telling you the other.

I consider there’s cash to be made in smaller cryptocurrencies proper now.

We’re nonetheless early on this newest crypto bull, and the highlight continues to be totally on bitcoin.

But it surely simply topped $100K.

I consider all these bitcoin speculators will begin searching for different alternatives within the crypto house…

And that can undoubtedly drive up the value of a number of the smaller altcoins.

In spite of everything, that’s what occurred over the last crypto bull…

When members of my Subsequent Wave Crypto Fortunes had the prospect to expertise unimaginable good points.

Like partial good points of 4,000% and 18,000% on LUNA…

And partial good points of 1,900% and 9,555% on Solana.

I anticipate we’ll discover comparable good points throughout this run-up

However I do urge you to tread cautiously.

Personally, I wouldn’t chase a 12-year-old’s meme coin.

However I’m additionally not going to overlook out on what may very well be one of the best time in years to make some huge cash on crypto.

And creating wealth is what it’s all about.

Talking of which…

Preserve your eyes peeled for an pressing message from me.

I’m getting ready an emergency briefing that includes one thing large coming subsequent week.

Issues are transferring quick…

And I’m making an attempt to get it to you simply as quickly as I can!

Regards,

Ian King's Signature
Ian King
Chief Strategist, Banyan Hill Publishing





Source link

Tags: Breakfast
Previous Post

Global economy still underperforming

Next Post

2024 Field Agent Replay

Related Posts

Millionaires Are Fleeing These 10 Countries (the First Is Now in Europe)
Markets

Millionaires Are Fleeing These 10 Countries (the First Is Now in Europe)

July 10, 2025
*HOT* Eye Massager for just .98 shipped!
Markets

*HOT* Eye Massager for just $49.98 shipped!

July 9, 2025
‘Big beautiful bill’ may help some seniors on Social Security. But it doesn’t eliminate taxes on benefits
Markets

‘Big beautiful bill’ may help some seniors on Social Security. But it doesn’t eliminate taxes on benefits

July 9, 2025
Robinhood CEO downplays OpenAI concerns on tokenized stock structure
Markets

Robinhood CEO downplays OpenAI concerns on tokenized stock structure

July 9, 2025
What to look for when Netflix (NFLX) reports its Q2 2025 earnings results | AlphaStreet
Markets

What to look for when Netflix (NFLX) reports its Q2 2025 earnings results | AlphaStreet

July 8, 2025
A Simple Text Prompt Could Be Your Ticket Into a 0 Billion Market
Markets

A Simple Text Prompt Could Be Your Ticket Into a $300 Billion Market

July 8, 2025
Next Post
2024 Field Agent Replay

2024 Field Agent Replay

Ceat To Acquire Canadian Tyre Maker’s Assets From Michelin Group For 5 Million

Ceat To Acquire Canadian Tyre Maker's Assets From Michelin Group For $225 Million

Romanian top court annuls presidential election result By Reuters

Romanian top court annuls presidential election result By Reuters

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Tata Motors’ Shubhranshu Singh, Infosys’ Sumit Virmani among world’s top CMOs in Forbes 2025 list
Business

Tata Motors’ Shubhranshu Singh, Infosys’ Sumit Virmani among world’s top CMOs in Forbes 2025 list

by PWC
July 5, 2025
0

Two Indian advertising and marketing leaders Shubhranshu Singh of Tata Motors Business Autos and Sumit Virmani of Infosys have been...

Can AI fix what women’s health has long ignored?

Can AI fix what women’s health has long ignored?

July 4, 2025
Why is the dollar off to a weak start this year?

Why is the dollar off to a weak start this year?

July 4, 2025
ProShares’ XRP futures ETF listed on DTCC under ticker UXRP

ProShares’ XRP futures ETF listed on DTCC under ticker UXRP

July 8, 2025
Trump plans to start notifying countries of U.S. tariffs up to 70%

Trump plans to start notifying countries of U.S. tariffs up to 70%

July 4, 2025
‘Big beautiful bill’ may help some seniors on Social Security. But it doesn’t eliminate taxes on benefits

‘Big beautiful bill’ may help some seniors on Social Security. But it doesn’t eliminate taxes on benefits

July 9, 2025
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.