Memecoins Explode as Windows-Based Systems Worldwide Suffer Outages, Enters Recovery Mode Flashing Blue Screen of Death (BSOD)

Memecoins emerged shortly after, poking fun at the global fiasco that caused many businesses and institutions to halt work or find workarounds

A recent global outage on Windows-based systems caused users to experience their computers entering recovery mode and displaying the infamous blue screen of death (BSOD). This issue reportedly arose due to an automated CrowdStrike update that encountered an error.

Following this event, memecoins quickly emerged, poking fun at the massive technological fiasco that led many businesses and institutions to either halt work or find alternative methods to continue operating. This occurrence spanned various industries, including banking, aviation, finance, and railways. Notably, no crypto companies encountered any issues as a result of the outage.

Memecoins centered around themes such as Microsoft, Windows, CrowdStrike, and BSoD became prevalent, with some boasting liquidity of around $50,000 in stablecoins. These coins experienced a surge in market capitalizations, reaching up to $1 million, as traders rushed to quickly invest and sell before the tokens crashed. They dominated both the Ethereum and Solana networks, with the latter seeing hundreds of memecoins being created using the pump.fun deployer.

Coins tied to events like these tend to experience immediate pumping, which traders capitalize on to generate substantial profits in a short span of time. However, these strategies are not sustainable in the long run as the tokens lack inherent value and eventually crash to nothing as the world moves on from the topics they stem from.

While these occurrences were unfolding, several figures within the crypto space used the outage to highlight the contrasting nature between traditional technology and its decentralized, blockchain-based counterparts.

The co-founder of the multisig wallet service, Jameson Lopp, took to Twitter to express their views, stating, “The massive infrastructure outages occurring globally right now are a stark example of why Bitcoin node software does not automatically update. Auto-updates introduce systemic risk.” Pro-crypto senator Cynthia Lummis also chimed in, writing, “Do you know what form of currency hasn’t been affected by widespread cyber outages? Bitcoin. Vires in Numeris.”

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