Roaring Kitty and the Disappointing Blast Airdrop
Roaring Kitty, known for influencing meme stocks, sparked excitement in the stock market with an airdrop for Ethereum network Blast. Despite high expectations, the airdrop fell short, leaving many disappointed with the outcome.
The Roar Returns: A Cartoon Dog Causes a Stir
After a period of silence, Roaring Kitty made a cryptic return on Twitter, posting a cartoon dog. The post triggered a surge in pet care stocks, creating billions in value within minutes before the gains quickly vanished.
Surge in Solana Meme Coin CHEWY
Following Roaring Kitty’s dog-themed post, a Solana meme coin named CHEWY skyrocketed by 11,000%. Traders even purchased the token before the post, showing opportunistic trading in action.
Untangling Unusual Trades in CHEWY
Unusual trading activity in CHEWY, tracked by Unusual Whales, suggested significant movement in the stock. Could Roaring Kitty be behind it? The bullish sentiment in CHEWY’s options chain sparked intrigue in the market.
The Blast Airdrop and Discontent Among Users
The long-awaited Blast token airdrop finally took place, offering 17 billion BLAST tokens. While initial estimates valued the airdrop at $354 million, many users were dissatisfied with the outcome, leading to skepticism about the project.
Debunking the Airdrop Failure Narrative
Despite the disappointment, some stakeholders defended the Blast ecosystem and argued that the airdrop was not a failure. Claims were made that despite initial sell-offs, commitment from key players could drive the token’s success.
BLAST’s Price Rollercoaster
Following a lackluster debut, BLAST’s price experienced fluctuations before settling around $0.02. The token’s journey highlights the volatility and uncertainty surrounding airdrops in the crypto space.
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