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Charlie Munger Meme Coin Surges 31,000%, Crashes Immediately, Cos Crypto

$MUNGER debuted just 15 minutes after Charlie Munger's death was announced

Image credit: Nick Webb

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You can always trust degens to profit from something as morbid as death itself. It's been no more than 48 hours since the world lost one of the true investment greats, Charlie Munger. Within that time, degens have shamelessly made bank.

Charlie Munger: In Defence And Memory of the Almost-Centenarian Crypto Critic
Investment guru Charlie Munger has passed at the ripe age of 99, leaving behind a slew of crypto criticism. But was the late great right?

In under 15 minutes, after Munger's passing was announced by Berkshire Hathaway, $MUNGER debuted on Uniswap. The meme coin surged rapidly, earning degens over 31,500% in returns.

But of course, what goes up, must come down. Over the last 24 hours, $MUNGER has fallen almost 100%, with a measly market cap of only $36,500. One $MUNGER is now worth $0.000000041742. That's more decimal places than Munger had zeros in his net worth.

"I'm not proud of my country for allowing this crypto shit," Munger famously said earlier this year. "It's worthless, it's no good." $MUNGER is proving his point.Nonetheless, Crypto Twitter is lapping it up, with many inspiring others to ape in.

Capitalising on the misfortune of industry leaders is a degen forte. When  Changpeng Zhao stepped down from Binance last week, a "$CZ" token surged 10,000%. Similarly, $TENG - a tribute to Binance's new CEO, Richard Teng - returned 14,000% to opportunistic degens.

“CZ” Token Surges 100,000% After Changpeng Zhao Resigns From Binance
Opportunistic degens are making bank on Changpeng Zhao’s Binance resignation by pumping $CZ and $TENG tokens

The likes of $MUNGER and $CZ prove that within the crypto community still lives a cesspool of shameless degens. But with 5-figure percentage returns, can you really blame them?