Surge of Crypto Tokens Linked to Global Internet Outage and BSOD Error

Surge of New Crypto Tokens Amid Global Internet Outage

Recently, a wave of new cryptocurrency tokens themed around the internet security firm CrowdStrike and the infamous Microsoft “Blue Screen of Death” (BSoD) error has emerged on the Ethereum and Solana blockchains. This surge in token creation coincides with a reported global internet outage that has disrupted numerous real-world services.

Millions of Windows users across the globe are grappling with the Blue Screen of Death (BSOD), an error that causes their systems to unexpectedly shut down or restart. This widespread issue has adversely affected various sectors, including airlines, railways, and stock exchanges. Reports indicate that the root cause may be linked to a CrowdStrike software update that did not go as planned.

As of the European morning hours on Friday, no crypto-related companies or businesses have reported any errors or outages affecting their services. However, market data from DEXTools and DEXScreener reveals that tokens referencing CrowdStrike, STRIKE, Microsoft, bluescreenofdeath, and BSoD have been created and actively traded. Investors are eager to capitalize on the short-term attention these trending topics are generating.

Some of these newly minted tokens have attracted liquidity of up to $50,000 worth of stablecoins, with market capitalizations soaring to as much as $1 million on paper. The tokens associated with CrowdStrike and Microsoft have become particularly popular, with Solana-based token generator Pump Fun facilitating the creation of hundreds of tokens inspired by various memes related to these companies.

This phenomenon of creating tokens to profit from fleeting hype or trending news narratives is a niche behavior observed among crypto market participants. While it’s common for most of these tokens to eventually lose all value due to a lack of fundamental backing, they often yield profits for their creators and early adopters.