‘Let’s Go Brandon’ Crypto Coin Turns Into Total Dumpster Fire

[Technobarbarian]

More pump and dump.

https://www.thedailybeast.com/lets-go-brandon-crypto-coin-turns-into-total-dumpster-fire?ref=home?ref=home

"‘Let’s Go Brandon’ Crypto Coin Turns Into Total Dumpster Fire

The MAGA-themed coin with dreams of sponsoring a NASCAR team is now
circling the drain.

"The MAGA-themed “Let’s Go Brandon” Ethereum cryptocurrency has fallen
on tough times.

So much so that the value of all 330 trillion coins totals just a few
thousand dollars combined, according to the trading sites CoinMarketCap
and Crypto, a far cry from the days of pro-Trump investors believing
they could strike it rich in the ever-complex world of crypto.

That represents a 99.5 percent decline over the last 30 days, leaving a
singular LGB coin effectively worthless.

At the end of last year, the coin, which carries the saying “Let’s Go,
Brandon,” spiked in value after it received a boost from D-list
TrumpWorld acolytes and found itself being promoted on the hood of
NASCAR driver Brandon Brown’s race car.

A month prior, the slogan had found its legs when Brown gave a
post-victory interview with NBC reporter Kelli Stavast. The crowd could
be heard loudly chanting “F*ck Joe Biden,” but the sports reporter
mistook the crowd’s words for “Let’s Go Brandon.”

From that point forward, it became a pro-Trump rallying cry. From the
likes of Florida Republican Governor Ron Desantis, who began using the
term “Brandon administration,” to Senator Ted Cruz (R-TX) touting the
secretly crude anti-Biden phrase, Trumpworld quickly got hooked on
saying it in public.

A group of enterprising crypto enthusiasts seized on the viral moment by
creating their own cryptocurrency and attempting to sponsor the driver’s
racing team.

Those dreams vaporized in January, when NASCAR abruptly intervened,
declaring that it would not allow the sponsorship deal to go through,
despite prior approval from a company employee.

The coin’s demise followed in short order, even as LGB signed a
“two-year, eight-figure” sponsorship agreement with the driver."
[snip]

"As of several weeks ago, the team behind LGB was still urging their
acolytes to remain patient and loyal. Tweeting from their stated
location—“Merica”—they offered up a “Don’t Panic!” meme accompanied by
some dubious counsel: “Sometimes you just need to have faith and [hold
on for dear life].”"

LOL

TB