A global internet outage has caused a surge in the creation of new crypto tokens on the Ethereum and Solana blockchains. These tokens are themed after CrowdStrike, a prominent internet services company, and the infamous Microsoft “Blue Screen of Death” (BSoD) error.
The outage has led to millions of Windows users encountering the Blue Screen of Death error, resulting in sudden system shutdowns or restarts. The issue has affected various businesses, including airlines, railways, and stock exchanges, and is believed to be linked to a faulty Crowdstrike software update.
Despite the widespread impact of the internet outage on real-world services, no crypto-related companies have reported any errors or outages in their operations. However, tokens related to CrowdStrike, STRIKE, Microsoft, bluescreenofdeath, and BSoD have been actively traded on decentralized exchanges such as DEXTools and DEXScreener.
These tokens, some of which have liquidity of up to $50,000 in stablecoins, have quickly gained market capitalizations of up to $1 million on paper. CrowdStrike and Microsoft have emerged as the most popular topics for these new tokens, with users on the Solana-based token generator Pump Fun creating hundreds of tokens referencing memes related to the companies.
Creating tokens based on short-term hype or trending news stories is a common practice in the crypto market. While many of these tokens lack fundamental value and eventually become worthless, they can still generate profits for their creators and early investors.
Overall, the surge in CrowdStrike and BSoD meme tokens highlights the speculative nature of the crypto market and the tendency of participants to capitalize on current events and trends. As the internet outage continues to impact various services globally, the crypto community remains active in exploring new opportunities for trading and investment in these emerging tokens.