Charlie Munger, the vice chairman of Berkshire Hathaway was one of the most vocal crypto critics on the internet.
We say "was", because Charlie passed away on Sunday, at the age of 99.
Charlie was known for some of his rather scathing remarks about crypto (mostly Bitcoin), and is remembered for referring to it as "rat poison".
Charlie also once compared the whole industry to a "venereal disease", and said that he was not proud of his country for allowing crypto to exist.
According to Charlie, crypto is"worthless, no good, and contrary to the interests of civilization."
However, things went slightly out of hand, when less than 15 minutes after his death, a new memecoin with the ticker symbol $MUNGER launched, and exploded by more than 50,000% in less than 24 hours.
The whole point of memecoins is that there is no point to them.
This was the case when some crypto enthusiasts decided to pay Charlie back by creating a token named after him and listing it on Uniswap.
Mere hours after creating $MUNGER, the cryptocurrency soared by 500%, and then to 30,000% before ending its rally at 50,000% from $0.00000000714 to $0.00000167.
However, just as it is with memecoins, the cryptocurrency has turned out to be a rug pull.
Over the last day, the cryptocurrency has declined by more than 80%, devastating investors who may have jumped in at the hype.
Pretty ironic how a memecoin turned out to be a rug pull, isn't it?
The idea of the $MUNGER memecoin turning out to be a rug pull might be described by many as "distasteful", or "disrespectful" to the Berkshire Hathaway chairman's memory.
However, none of these adjectives have been used by Charlie in the past, to describe crypto.
Overall, regardless of how $MUNGER turns out, Charlie has been described by many as a "brilliant investor, thinker, and philanthropist". Many say that he influenced people throughout his life with his wisdom and generosity.
He was also a loyal friend and mentor to Warren Buffett for nearly 50 years, with Buffett once calling Charlie "the best partner in the world."
The two started working together when Charlie was 35, and Buffett was only 29, transforming Berkshire Hathaway from a small textile mill into a $785 billion multifaceted company.
In all, regardless of the fate of the memecoin, Charlie will be remembered for both his good and bad sides.
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