Memecoin Skyrockets Following Charlie Munger’s Passing

posted  1 Dec 2023
Photo - Memecoin Skyrockets Following Charlie Munger’s Passing
A memecoin, created just 15 minutes after Charlie Munger’s death, saw an astonishing surge of over 31,000% in its value.

However, the MUNGER token’s meteoric rise was short-lived as it subsequently plummeted by more than 98%.

The sharp decline came as details emerged about the token’s flawed smart contract, which had erroneous functions enabling developers to limit the sale of the asset.

Daily trading volume for MUNGER reached its peak at $3.5 million on that day.