Crypto Twitter believes SBF secretly backs BALD
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The crypto community speculates that Sam Bankman-Fried could be behind the new meme coin, BALD. The BALD meme coin, making fun out of Coinbase CEO Brian Armstrong’s absence of hair, was launched on July 31. The meme coin gained an incredible 289,000% within the first 24 hours of trading. However, its value dropped rapidly, losing 85% after its developer pulled 1,034 Ether (ETH) in liquidity, worth approximately $1.9 million of market value.
Could SBF be behind BALD?
There are different opinions towards SBF and BALD among the crypto community. Some people state that SBF could be behind BALD, and some other players deny it. Also, there are some rumors about the alleged involvement of Coinbase CEO Brian Armstrong in the meme coin.
The discussion between BALD and SBF started with an initial post on Twitter made by “@hype_eth,” who pointed out some key points between SBF and the memecoin.
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