The Frogs are Not Alright
In an eyebrow-raising move, Coinbase has found itself in hot water after sending out an email that described the beloved Pepe meme as a “hate symbol” co-opted by alt-right groups. This proclamation, pulled straight from the Anti-Defamation League’s 2016 database, had the audacity to dim the sparkling charm of everyone’s favorite green frog, leading to a furious backlash from the memecoin community.
Cry Me a River… of Tweets
When crypto influencer Borovik.eth rang the alarm on Twitter, the outrage was palpable. He shared the email with his staggering 96,000 followers, practically igniting a digital wildfire. The community responded faster than you can say “to the moon,” trending hashtags like #deletecoinbase as users voiced their discontent. With such fervor, it felt like they were staging a Twitter revolution. No frog left behind!
Moving Funds to Firmer Grounds
Kenobi, a pseudonymous Twitter user and solidity developer, made it crystal clear that he would shift his assets to rival exchange, Gemini. He firmly stated, “#PEPE IS NOT A SYMBOL OF HATE.” It seems like Coinbase’s frog fiasco isn’t just ruffling feathers; it’s driving people to flip their portfolios faster than a pancake on Sunday morning.
Coinbase Responds… with a Shrug
Despite the uproar, a Coinbase spokesperson appears to have taken the diplomatic route, stating, “nothing further to add.” Looks like they’re opting for the classic “just ignore them and they’ll go away” strategy. While their silence continues, the market didn’t miss a beat; Pepe’s price took a nosedive of 10.4% in the wake of the email, with traders scurrying like mice out of a burning house.
Gemini: The Hero of the Hour
Cue the confetti! Gemini, led by CEO Cameron Winkelvoss, swooped in like a caped crusader by listing Pepe for trading just days after the controversy erupted. Their take? A more open-ended description that doesn’t come with a side of drama. While Coinbase plays the role of the villain in this meme saga, Binance had already embraced the Pepe token days earlier. Do we smell competition brewing?
Final Thoughts: Meme Culture meets Market Madness
What started as cringe-worthy marketing from Coinbase escalated into a meme-fueled storm, leaving many in the crypto community questioning their loyalty. As Pepe’s market cap took a hit and the #deletecoinbase hashtag racked up thousands of tweets, it’s evident that in the world of memecoins, love for your digital frog can ignite just as fiercely as any outrage. One thing is for sure: if you plan to mess with the meme, brace yourself for some serious backlash.
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