Amid the rise of new meme coins like Pepe and WOJAK, famous crypto phenomenon Ben Armstrong, nicknamed Bitboy Crypto, is announcing his support for the BEN coin. In addition, the analyst includes 8 altcoin projects in his Twitter profile.
Altcoin projects in Bitboy’s basket including BEN
Notably, the BEN meme coin was listed on Binance-backed CoinMarketCap and Coiningecko on Monday. This significantly increased its global reach. As of press time, the altcoin had total liquidity of approximately $5 million in Uniswap (V3). The meme coin market cap is around $15,231,640. Higher than the total market value of daily trading volume. According to experts, this is a typical feature of the bull appearance. Moreover, according to market data provided by dexscreener, BEN token has increased by more than 1660 percent in the last 24 hours.
The popular crypto influencer’s profile features various altcoins including XRP, ADA, ETH, ICP, HBAR, ALGO, MATIC and BEN. With nearly 1 million Twitter followers, the influencer hopes to draw more attention to the BEN meme-coin. As of Monday, the BEN token had around 2,440 holders who transacted approximately 9,083 times, according to on-chain data from ethplorer. The analyst especially emphasizes that he did not create the BEN developed by a group called BEN DAO. However, Bitboy admits that he has some of BEN coins in his portfolio. In this context, Bitboy says:
I think Jeff knows now. Full disclosure I did not create this coin. It was created on behalf of a group called Ben DAO, made up of all BEN’s. However, I have this coin in my portfolio. It’s just supposed to be something fun. Are we starting to have fun?
Guys $BEN is live. People all want to invest in themselves and now Bens can do that.
The facts:
– The coin has my name
– We have a Ben DAO on telegram
– Bens are better than Jeffs so we should easily take over JeffCoin as the number one name on the blockchain— Ben Armstrong (@Bitboy_Crypto) May 8, 2023
BitBoy shared encrypted message about Ripple
Meanwhile, Ben Armstrong posted a cryptic message today regarding Ripple’s recent expansion efforts in Dubai and Coinbase CEO Brian Armstrong’s visit to the city. Ripple CEO Brad Garlinghouse praised Dubai while confirming that Ripple is expanding in Dubai. Coinbase CEO praised the UAE for making significant efforts to regulate crypto. Armstrong added that he enjoyed his visit to the UAE.
The UAE 🇦🇪 deserves a lot of credit for being forward thinking on crypto. First dedicated crypto regulator in the world, a clear rule book published (!), business friendly plus strong customer protections. Really enjoying my visit so far.
— Brian Armstrong 🛡️ (@brian_armstrong) May 8, 2023
Reacting to the tweet, BitBoy said that the CEO of Coinbase visited Dubai the day Ripple announced its Dubai expansion plans. He added a “thinking emoji” to the tweet, implying that he was deep in thought about the coincidence.
Uncle Brian goes to Dubai and Ripple announces Dubai partnership on same day
🤔 $xrp #xrparmy https://t.co/C4G08tUxHb
— Ben Armstrong (@Bitboy_Crypto) May 8, 2023
In terms of context, cryptocoin.com As you follow on, both Ripple and Coinbase are victims of SEC’s enforcement actions. The SEC accused Ripple of violating securities laws two years ago. However, the SEC is weighing whether to formally blame the San Francisco-based exchange.
You may recall that the SEC issued a Wells Notice to Coinbase in February. This indicates that the regulator is proposing sanctions action against the exchange. Coinbase recently responded by saying that it does not facilitate the trading of securities that constitute securities. Meanwhile, Ripple has expanded its presence in Dubai by opening a new office in the city. According to Ripple, 20% of RippleNet customers are located in the Middle East and North Africa (MENA).
With Armstrong stating he’s currently in the UAE, it’s likely BitBoy speculates that Coinbase is considering leaving the US. However, it is not yet clear whether Coinbase will follow Ripple and open a regional office in Dubai.
