In a world where absurdity reigns supreme, DOGSHIT2, a memecoin of questionable origin, soared 67% in value, briefly flirting with a $23 million market cap. This meteoric rise, however, was as fleeting as a Russian winter, plummeting to a modest $4.1 million. The catalyst? A class-action lawsuit against Pump.fun, a platform accused of creating unregistered securities while pocketing $500 million in fees. Burwick Law and Wolf Popper, the legal eagles behind the suit, now find themselves entangled in a web of suspicion.
But wait, there’s more. Crypto sleuths discovered that the wallet address for DOGSHIT2 matched one in the lawsuit’s court documents. Could it be that the very law firms suing Pump.fun are the puppeteers behind this memecoin? The plot thickens, as does the smell of irony.
Launched in November, DOGSHIT2’s market cap hit $4 million on January 31, the same day the lawsuit was filed. By February 2, it peaked at $0.003968 before losing 34% of its value, settling at a humble $2.4 million. Such is the life of a memecoin: a rollercoaster of hype and despair.
Meanwhile, the memecoin circus marches on. Burwick Law, fresh from chasing victims of the Hawk Tuah memecoin, now finds itself in the spotlight. And let’s not forget Elon Musk’s father, who, in a bid to outdo his son, is reportedly launching his own memecoin, MUSKIT. Because why not?
According to CoinGecko, 31% of investors in 2023 are drawn to these digital curiosities. The memecoin mania shows no signs of abating, proving once again that the internet is a strange and wondrous place. As for DOGSHIT2? Well, it’s just another chapter in the never-ending saga of human folly. 🎪
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2025-02-03 11:22