Taking stock of the 7 most memorable Crypto X posts of 2024

Author: Jesse Coghlan, CoinTelegraph; Compiler: Deng Tong, Golden Finance

Crypto culture was born on the internet – Crypto X (formerly known as Crypto Twitter) once again delivered an unforgettable moment this year.

Here are 7 of the most memorable X posts of 2024, some of which had a huge impact on markets, influenced policy — or just plain laughed.

Fake news that SEC approves Bitcoin ETF

The backdrop is Jan. 9 — just one day before the date Bloomberg ETF analysts predicted the SEC would approve the first U.S. spot Bitcoin exchange-traded fund (ETF).

The SEC's official X account suddenly posted a statement purportedly from Chairman Gary Gensler: "Today the SEC approved a Bitcoin ETF."

The SEC has now removed the post. Source:X

News media quickly reported the historic event, and Bitcoin quickly rose to over $1,000.

Everything came crashing down 15 minutes later when Gensler posted that the SEC’s “Twitter account had been compromised, resulting in unauthorized tweets” and that the agency had not approved any Bitcoin ETFs to go live.

Gensler later had to respond to lawmakers about the hack, saying it was a SIM- swapping attack on an employee with access to the account, and X said the account did not have 2FA enabled.

It wasn't until October that the FBI arrested a 25-year-old man named Eric Council Jr. in Alabama. and claimed he hacked the account and posted false approvals. He pleaded not guilty to the charges later that month.

On January 10, the day after the SEC’s false post, the agency approved spot trading of a Bitcoin ETF—for real this time.

Donald Trump supports Bitcoin

During his successful presidential campaign, US President-elect Donald Trump made a sweeping commitment to the cryptocurrency industry, which he first shared on social media in typical Trump fashion.

“I am very positive and open about cryptocurrency companies and all things related to this emerging industry,” Trump wrote on his Truth Social platform in May.

He followed up with a pro-crypto post in June, declaring that he wanted “all remaining Bitcoins to be made in the USA!!!” — considering blockchain is decentralized, anyone It can be mined from anywhere, which is a huge problem.

While the content Trump posted wasn't on X, it caused a huge stir on the platform and still ranks among the most memorable moments on X this year.

Guy in goggles asks Trump about cryptocurrency

The chief of staff for non-fungible token (NFT) project DeGods, known simply as "Malcolm," posted a video in which he asked Trump about cryptocurrencies, which many believe was a turning point in the president-elect's move toward cryptocurrencies.

Trump was hosting an event for his NFT holders at Mar-a-Lago when he pointed to the man "wearing goggles" and asked a question. Wearing a pair of giant reflective Pit Viper sunglasses, Malcolm then asked Trump what he would do to stop cryptocurrency companies from moving overseas.

"Well, we're going to stop it because I don't want that, I don't want that," Trump responded. "If we're going to accept it, we have to have them here."

Gemini co-founder Tyler Winklevoss posted on X later that month that “the guy in the goggles completely reversed the fortunes of cryptocurrency in Washington.”

Malcolm told the magazine in late May that he was "very aware that it wasn't just my issues that would help turn the tide in the U.S.'s favorable regulatory battle."

After four months in jail, CZ says 'gm'

On September 27, the same day that the convicted Binance founder Changpeng Zhao ("CZ") ended his four-month prison sentence, he lost no time in jumping back to X and nonchalantly posted a "gm ” (short for Good Morning).

He then followed up with a longer post, saying the food outside prison was much better and that he would "chill out." Then think about what to do next. "

In November 2023, he admitted to violating U.S. money laundering laws at Binance and resigned as CEO of the exchange. In April this year, he was sentenced to four months in prison.

Bubblemaps’ Celebrity Token Bubble

Crypto data analytics platform Bubblemaps burst onto the scene this year and quickly went viral as its X posts and charts sparked an on-chain movement hyping celebrity tokens.

After seemingly every celebrity’s token issuance, photos show “clusters” of so-called insider wallets on the chain dumping tokens upon issuance, often netting millions of dollars in profits.

Bubblemap’s impact on tokens is hard to know, but what is known is that many celebrity-based tokens are now well below their peak, with at least some big names appearing in court.

Truth Terminal AI Bot’s Meme Coin Craze

Last October, after Andreessen Horowitz-funded artificial intelligence robot Truth Terminal launched a meme coin called GOAT, its value soared to $150 million in four days.

It was initially widely believed that the bot created the coin because it had earlier posted that it wanted to create one, but its creator Andy Ayrey clarified that it had only endorsed one Meme coins have been created.

The entire scene encompasses artificial intelligence, cryptocurrency and Meme. By mid-November, GOAT's market capitalization even reached a peak of over $1.3 billion, and has since dropped to $442 million.

Goatseus Maximus is a remake of "Goatse," a notorious internet-shocking image.

Roaring Kitten's Quiet Return Makes Huge Impact

Keith Gill - known as "Roaring Kitty" - posted to X for the first time since June 2021 in mid-May, sharing a cryptic photo of a man leaning curiously on a chair There is no description text.

Gill was a key figure in the 2021 meme craze, best known for his analysis of GameStop and AMC, which ultimately led to the former being shorted, which led to him testifying before the House Financial Services Committee later that year.

Gill's sudden AMC also rose 12% premarket and 25% after the open on Wall Street.

Meme coins unrelated to the two companies but named after them have also surged, with GameStop’s meme coin rising by more than 550% and AMC-themed tokens rising by 1,200%.

Gill went on to post numerous cryptic X posts, and was even sued by a GameStop investor, accusing him of engaging in securities fraud for posting X posts on Reddit—a charge that was dropped three days later.