A highly anticipated brawl between crypto influencer Ben “BitBoy” Armstrong and memecoin developer “More Light” turned out to be more than just a chaotic display of punches and kicks. The fight had a direct impact on their associated memecoins, with both experiencing significant price swings before and after the match.
The showdown between these two crypto enthusiasts took place at a crypto influencer fight night organized by Karate Combat, a combat sports company, in Mexico on February 24th. In an interview with Cointelegraph, “More Light,” the pseudonymous developer of the memecoin BITCOIN, revealed that he decided to participate in the fight only four weeks prior, on a spontaneous whim. He casually mentioned to the organizers that he would step in as BitBoy’s opponent if the need arose. More Light admitted that he had been relaxing and not actively training for the fight since he had only heard about it a few weeks earlier.
To More Light’s surprise, Armstrong came out with an intense level of energy, making wild faces and swinging his arms aggressively. The memecoin developer was taken aback by his opponent’s fierce demeanor.
Interestingly, the decentralized betting app Polymarkets had predicted More Light as the favorite to win the fight, with 62% of bets placed on him. However, Armstrong defied the odds and emerged as the winner, securing a unanimous decision victory after three intense two-minute rounds.
Following Armstrong’s triumph, the price of the memecoin BITCOIN experienced a drastic drop of over 20% within four hours, plummeting from $0.052 to $0.040. However, the token quickly rebounded and is now trading at around $0.056, marking a 40% increase since the fight concluded. On the other hand, the memecoin BEN, which is associated with Armstrong, witnessed a significant surge of 87% in value after his victory. Its price skyrocketed from $0.000004 to $0.0000075 within six hours. Although it has since fallen back to approximately $0.000005, according to Dex Screener data.
To clarify, More Light reiterated that there was no animosity between him and Armstrong in real life, emphasizing that Armstrong is actually a “good guy” in person.
It is worth noting that HarryPotterObamaSonic10Inu is a memecoin project that was created as a joke based on the world’s largest cryptocurrency, Bitcoin (BTC). The memecoin cleverly incorporated the full name of Bitcoin as its ticker symbol.
The fight garnered mixed responses from various figures in the crypto industry, ranging from amusement to criticism. Some expressed their amusement with the spectacle, while others were skeptical of the attention and respect given to Armstrong solely because of his victory in a karate competition.
Overall, this crypto influencer fight highlighted the interconnectedness between physical events and the cryptocurrency market, serving as a reminder of the impact that real-life activities can have on digital assets.