Silk Road Shenanigans: Memecoins, Pardons, and Presidential Promises!

In a twist that could only be described as a plot twist worthy of a particularly eccentric novel, Ross Ulbricht, the Silk Road founder, has decided to reach out from the cozy confines of his prison cell. Yes, folks, he’s gone all social media savvy, warning crypto enthusiasts about the dubious delights of any memecoins that might be trying to hitch a ride on his infamous coattails. 🐴💰

On a fateful day in January (the 19th, to be precise), Ulbricht took to the platform formerly known as Twitter (now X, because why not?) to declare that there is no “official Ross coin” lurking in the crypto shadows. This is a bit like saying there’s no official unicorn in your backyard, but we all know how that goes. 🦄

Ross Ulbricht

Now, let’s not forget that a token named ROSS, which is as subtle as a marching band in a library, was launched in May 2024. This little gem saw its price soar higher than a kite on a windy day after the US election, just in time for Donald Trump’s inauguration. Coincidence? Or just the universe having a laugh? 🤔

Speaking of Trump, he made a rather bold proclamation during his campaign, promising to commute Ulbricht’s sentence “on day one.” One can only imagine the tension in the air as Ulbricht sat in his cell, wondering if he’d be free by the end of January 20th or if he’d just have to settle for another round of prison bingo. 🎉

Since his arrest in 2013 and subsequent life sentence in 2015 (which, let’s be honest, is a bit of a downer), Ulbricht has been the poster child for “what not to do on the internet.” But wait! There’s more! Some crypto users have reported being duped by pump-and-dump scams involving unofficial memecoins named after Trump and his family. It’s like a bad reality show, but with more financial ruin. 📉

Last-minute Biden pardons

As the clock ticked down to noon on January 20, President Joe Biden was still holding the keys to the pardon kingdom. In a move that could only be described as “let’s throw a few bones before I leave,” he announced pardons for various individuals, including General Mark Milley and Dr. Anthony Fauci. It’s like a game of political musical chairs, but with more paperwork. 🪑

Rumor has it that Trump, in his first act as president, plans to sign a veritable avalanche of executive orders, including one that would make cryptocurrency a national priority. Because, you know, why not add a little chaos to the mix? 🎩

So, grab your popcorn and follow CryptoMoon’s live blog as Donald Trump takes the oath of office on January 20. It promises to be a spectacle worthy of the finest circus! 🎪

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2025-01-20 20:04