"All or Nothing" Ketai currency skyrocketed and plummeted, talking about Meme in the Crypto circle

Author: H+H@InfoFlow

Typesetting: ZaynR@InfoFlow

“All or Nothing” is a movie that exposes the theme of telecom fraud, and some elements in the Crypto circle appear in the film, such as “Coin”, Ketai currency, etc. Among them, Ketai currency was also issued rapidly in the encrypted market with the release of the movie. Search Ketaicoin on the Coinmarketcap website. At present, Ketaicoin with the same name has trading pairs on multiple chains. These trading pairs are mainly concentrated on ETH, BSC and the recently popular Base chain. Among them, Uniswap v2 on the ETH chain has the most liquidity. It can be seen that on August 5, as the movie was ordered, the price skyrocketed rapidly. In two days, the price skyrocketed by more than 3,000 times. In less than 24 hours, on August 8, the price began to fall. As of August 19, the price almost fell back to the price on the day of issue on the 5th.

Tether price on Coinmarketcap

There is also a broader name for this type of currency: Meme currency.

**What is a **Meme

Meme has many interpretations. Earlier, Meme first appeared in Richard Dawkins’s “The Selfish Gene” in 1976, which defined Meme as a kind of cultural factor similar to genes that can be continuously inherited and spread at the level of human thought . As far as the official definition is concerned, the Oxford English Dictionary interprets it as “the basic unit of culture, which is transmitted through non-hereditary means, especially imitation”. For most people, a meme takes the more common form of those silly images on the internet that sarcastically or sarcastically mock (often very seriously) happenings in the world, like memes.

These emoji packs themselves carry interesting information and are easy to copy and spread, eventually forming a cultural consensus among a wide range of people. Musk is a loyal fan of Meme culture, but the author prefers to regard him as an entrepreneur who is good at using cheap tools to spread his own values. Some of his exaggerated statements on Twitter can be regarded as Meme.

Combination of Meme** and Crypto**

The most famous combination of Meme and Crypto is Doge Coin, also known as Dogecoin. In 2013, Jackson Palmer wanted to make fun of the cryptocurrency hype at the time, so he put a Doge Meme on the cryptocurrency and tweeted: “Invest in Dogecoin, pretty sure it’s the next big thing”, and he Also bought the domain name of Dogecoin.com and uploaded a photo of Doge on the coin.

Palmer was contacted by software engineer Billy Marcus, who forked Bitcoin’s source code, created 100 billion Dogecoins, and rushed live. Marcus said that Dogecoin was created “without a lot of real thought,” and he can’t even understand large chunks of Bitcoin’s source code. But I didn’t expect Dogecoin with Meme nature to rise rapidly through Reddit. The tipping robot on Reddit brought Dogecoin the initial application scenario. In 2015, the two founders of Dogecoin chose to leave the community because they believed that Dogecoin had deviated from its original intention. Of course, the story of Dogecoin is not over. In December 2020, Musk began to tweet about Dogecoin. Since then, as long as he tweets about cryptocurrencies, the price of Dogecoin will rise . At the beginning of May 2021, Dogecoin rose to a maximum of $0.74. Musk has become the godfather of Dogecoin. It can be said that he is currently the most influential person in the Dogecoin community.