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Bitboy’s recent fight causes a swing in their memecoin’s prices

TL;DR

  • Crypto influencer Ben ‘Bitboy’ Armstrong’s recent fight against developer More Light has caused a swing in the prices of their memecoins.
  • Market impact and aftermath.

In an unforeseen turn of events, the crypto world witnessed an unconventional clash between two prominent figures: crypto influencer Ben “BitBoy” Armstrong and memecoin developer “More Light.” Their showdown, which took place at a crypto influencer fight night hosted by Karate Combat in Mexico on February 24, captured the attention of both enthusiasts and onlookers.

Bitboy’s enters the ring with developer More Light

More Light, the enigmatic developer behind the memecoin BITCOIN, revealed that his decision to step into the ring was spontaneous. Only four weeks before the event, he volunteered to replace BitBoy’s original opponent, unprepared but willing to take on the challenge. However, More Light found himself facing a formidable adversary in BitBoy, who displayed unexpected aggression and intensity during the bout.

Despite being the crowd favorite leading up to the fight, with 62% of bets placed on him according to data from the decentralized betting app Polymarkets, More Light fell short as BitBoy emerged victorious. After three grueling rounds, BitBoy secured a unanimous decision, leaving More Light to reflect on the unpredictability of the outcome.

The aftermath of the fight had ripple effects in the crypto market, particularly on the prices of their associated memecoins. Following BitBoy’s win, the price of the BITCOIN token experienced a sharp decline, dropping over 20% within four hours. However, the token managed to rebound and is currently trading at around $0.056, indicating a notable recovery.

Conversely, the price of the BEN token, linked to BitBoy, witnessed a surge of 87% following his victory. Within six hours of the fight, the token reached $0.0000075 before gradually retracing to approximately $0.000005. The fluctuation in prices underscored the interconnectedness between the outcomes of the physical confrontation and the digital assets associated with the contenders.

Market impact and aftermath

Despite the competitive nature of their clash, More Light emphasized that there was no personal animosity between him and BitBoy. He described BitBoy as a “good guy” in real life, highlighting the amicable relationship between the two beyond the realm of combat.

HarryPotterObamaSonic10Inu, the memecoin project associated with More Light, adds another layer of intrigue to the story. Conceived as a playful homage to Bitcoin, the world’s leading cryptocurrency, the memecoin’s name reflects the whimsical and creative spirit of the crypto community.

The fight between BitBoy and More Light elicited varied responses from within the crypto industry. While some observers expressed amusement at the spectacle, others voiced criticism or skepticism. Nonetheless, the event served as a reminder of the diverse and often eccentric nature of the cryptocurrency ecosystem.

The showdown between BitBoy and More Light transcended the boundaries of traditional competition, leaving a lasting impression on both the crypto community and the broader market. Amidst the fluctuations and controversies, it underscored the dynamic and unpredictable nature of this burgeoning industry.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Owotunse Adebayo

Adebayo loves to keep tab of exciting projects in the blockchain space. He is a seasoned writer who has written tons of articles about cryptocurrencies and blockchain.

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