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Bits + Bips: Could the LIBRA Scandal End the Memecoin Craze?
Episode 786
The $LIBRA token launch was a disaster—insider trading, price manipulation, and yet another memecoin scandal. But does this mean the memecoin era is over?
This week, James Seyffart, Joe McCann, Ram Ahluwalia, and Noelle Acheson break down the fallout from the $LIBRA launch, what it means for Solana and the broader market, and whether the crypto community is finally waking up to the risks of insider-driven tokens.
They also dig into macro trends impacting crypto—including whether institutions are secretly loading up on bitcoin, the role of DOGE in the broader market, and why some traders are starting to position for a bounce.
Plus, what’s next for SOL after weeks of bleeding?
Show highlights:
- 2:45 - How everyone was so surprised by the $LIBRA scandal
- 10:40 - Why the likes of Hayden Davis are admitting to fraud
- 12:47 - Why Joe thinks that Solana is not affected by these debacles
- 15:26 - What Davis should do with the $100M in his power
- 20:21 - Whether the memecoin cycle is over
- 25:48 - The irony of people who now want regulations
- 33:31 - How big institutions have been loading up on bitcoin ETFs
- 38:20 - Why the U.S. government should modernize its technology
- 44:39 - Whether DOGE will have a big impact on macro
- 51:24 - What the Fed will do in the near future
- 55:29 - Why ETH outperformed this week and why the broader market tanked
- 1:04:33 - Why Ram believes that Solana will have to get through the “psychological damage”
Sponsors:
Hosts:
- James Seyffart, Research Analyst at Bloomberg Intelligence
- Joe McCann, Founder, CEO, and CIO of Asymmetric
- Ram Ahluwalia, CFA, CEO and Founder of Lumida
- Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter
Links
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Published on 10 months ago