Standing at the forefront of the Meme trend, how did Ben become a cryptocurrency legend from an unknown person?

How did Ben become a cryptocurrency legend from obscurity by leading the Meme trend?

Written by: wale.swoosh

Once again, the story could have ended: someone released a token, and the token went to zero.

But a turning point appeared because something happened on May 8:

BEN then skyrocketed. Bitboy continued to tweet in support of BEN and officially joined the “team” on May 9:

Although Ben had promised that BEN was his lifelong project, he handed it over to Bitboy in less than 72 hours.

Not only that, but just a few hours later, Ben announced his new project…

PSYOP Presale

That day, Ben announced the PSYOP presale. At first, he used BEN’s success to gain reputation.

In one hour, he raised over $1 million. By the end of the presale, a total of $6.9 million was raised.

Then, he tweeted more in all caps, and the huge success of the presale caused all crypto twitter to talk about him. This, in turn, led to more FOMO.

No matter how you look at Ben, he is a master of attention games. He used the PSYOP fundraising wallet to buy a Milday, which scared the community: “He is using presale funds for personal consumption.”

In my opinion, he could have used another wallet to operate; but he didn’t, which may be another strategy to attract attention.

Happy Ending?

Will the ending of this story be a Happy Ending or a complete disaster? I tend to lean towards the latter as there are almost no signs that everything will be successful.

Regarding Ben’s success, Ben sees it as proof of his own abilities, but Ben’s success may mainly be attributed to Bitboy’s involvement and influence. Ben’s achievement is in making contact with Bitboy.

Attention games will have an end, many precedents of NFTs and memecoins prove this. Attention will eventually shift. Ben may buy another 10 Miladies, but the crypto market will forget about him at some point, as it always does. Ben and his presale’s biggest advantage is using attention, but this may also be the reason for their eventual demise.

Nevertheless, Ben’s story will go down in history. It once again shows that the crypto world is about attention, and sometimes the dice will fall unexpectedly.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

FTX Founder’s Shady Messaging Moves: The Signal of Trouble

Sam Bankman-Fried's Criminal Trial is Underway

Blockchain

Solana Foundation Joins Forces with Dubai Multi Commodities Centre: A Match Made in Blockchain Heaven

Fashionista, take note of DMCC's impressive lineup of ecosystem partners, such as cryptocurrency exchange ByBit, digi...

Blockchain

The study found that 5% of the Monero currency circulating in the market was mined by malware

According to the study, mining was done through encrypted hijacking, using other users’ computer processing pow...

Policy

Satoshi Nakamoto Gets Some Love in Canadian Parliament

According to an opinion piece by Gensler in 2019, while there are numerous projects within the crypto world, the one ...

Finance

California Cracks the Whip on Crypto: Stricter Regulations Incoming!

California's Governor Gavin Newsom has given the green light to the Digital Financial Assets Law, scheduled to launch...

Web3

Solana Foundation Joins Dubai Multi Commodities Centre (DMCC) for a Web3 Adventure

Source: Pixabay Solana partners with Dubai’s biggest free-trade zone to promote Web3 adoption. In a twist of fa...