Last year, a social experiment called $GREED aimed to teach crypto enthusiasts a lesson, tricking them into tweeting an embarrassing message. Throwing money at the wall and reason out the window, they let greed get the best of them. In less than a year, speculators' memecoin greed prompted them to once again trade their good judgment for too-good-to-be-true returns.
After a decade of tax incentives and transparency attracting philanthropists to crypto, Web3 innovation is adding fuel to the fire.
The price of bitcoin has dipped about 15% during the second quarter.