$GENESIS is a memecoin inspired by the turbulent events of the 2022 crypto market crash, specifically the collapse of Genesis Trading and its ties to the infamous FTX fallout. Genesis, once a prominent crypto lending platform, found itself at the center of the storm when FTX’s implosion sent shockwaves across the industry. With significant exposure to FTX and its trading arm Alameda Research, Genesis faced massive financial losses that ultimately led to its insolvency. The collapse of these industry giants became a defining moment of the crypto winter, highlighting the risks of interconnected lending and centralized platforms in the digital asset space.
CA: Soon
Join as we celebrate the death of Genesis & FTX together.