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Are Crypto CEOs’ Social Media Posts Becoming Investment Signals? The $BRIAN Collapse Raises Questions

13d ago
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  • $BRIAN surged to a $30M market cap before crashing more than 90% in under 24 hours.
  • The token lost its only catalyst after Brian Armstrong changed back his X profile picture.
  • On-chain investigators raised insider trading concerns over wallets that profited before the rally.

The rapid rise and fall of the Base-based memecoin $BRIAN has stirred up debate over whether crypto traders are placing too much weight on social media activity from prominent industry executives. 

Notably, the token surged to nearly $30 million in market capitalization before losing more than 90% of its value. The token, themed around Coinbase CEO Brian Armstrong as “The Bald Bull,” rallied after Armstrong temporarily changed his X profile picture to a related meme image. 

The excitement proved short-lived after he reverted the profile picture within roughly 24 hours, triggering a sharp sell…

Read The Full Article Are Crypto CEOs’ Social Media Posts Becoming Investment Signals? The $BRIAN Collapse Raises Questions On Coin Edition.

13d ago
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bearish:

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