In the twilight of August, when the world was ripe with possibility, MemeCore [M] stumbled from its zenith of $1.14. Yet, like a phoenix from the ashes of $0.63, it rose-a 36% surge to $0.94, before settling at $0.90, as if catching its breath. Ah, the drama of it all! 🎭
Beneath the glitter and gleam, there’s a whisper in the wind sayin’ this rally might be all hat and no cattle. 🤠
But alas, access is not granted to just anyone. No, no. The vulgar masses are kept at bay by a fiendishly simple, yet brutally effective, password. A password, one assumes, known only to the cognoscenti-those blessed few who can distinguish a flush from a foolish investment.
At a fancy-pants meeting that happened on a Monday (because Mondays are the new Wednesdays now), the shareholders nodded and clapped at the big plan to spruce up the company’s capital structure with some shimmery new shares. We’re talking an expansion to 2.7 billion authorized shares – that’s a lot of zeroes and potential bragging rights, right? Also, they put in this dual-class preferred stock system. 🎩📜
The funds raised are primarily earmarked for expanding Metaplanet’s Bitcoin holdings, and are spearheaded in large part by Eric Trump, son of US President Donald Trump, and a Metaplanet advisor. 🎩💼 (Because nothing says “trustworthy” like a Trump heir advising your crypto bets.)
Apparently, in August alone they exchanged 5.5 million of their USDS – which stands for… well, it stands for USDS, obviously – for 73 million SKY tokens. It’s all very circular, isn’t it? Like a particularly confused snake eating its own tail. 🐍
Metaplanet, the corporate Robin Hood of Japan, has been on a Bitcoin-buying spree that would make even Michael Saylor raise an eyebrow. Their latest binge? A cool 1,009 BTC for ¥16.48 billion ($112 million). With a total stash now sitting pretty at 20,000 BTC, they’ve officially claimed the crown as Japan’s top corporate Bitcoin hoarder. 🏆 But here’s the kicker: their stock price seems to be staging a protest, plummeting like it’s auditioning for a gravity-defying stunt show. 😅
TRON’s fearless leader, Justin Sun, has already declared WLFI to be one of the most significant projects in the crypto universe. In a move that would make even the most dedicated HODLers blush, Sun announced he has no intention of dumping his unlocked tokens, claiming he’s all in for the long haul. To top it off, he’s pledged to expand TRON’s USD1 stablecoin to a whopping $200 million, effectively tying WLFI into a larger, more complex web of financial wizardry. 🎩✨
Zschach, ever the philosopher of finance, insists that “neutral, shared governance” is the true mark of strength. One might ask: what is this “neutral governance” if not a fancy way of saying “no one’s in charge, but everyone’s in on it”? 🤷♂️
Once, in the golden days of August, SUI soared to $3.90-a fleeting ecstasy. Now? It languishes between $3.18 and $3.28, a pitiful spectacle. The $3.20 support-oh, how it has suffered!-bears the weight of desperate traders, their souls mortgaged to volatility.
