- Ben Armstrong, known as “BitBoy”, arrested after confrontation with employees.
- Incident has attracted attention from the cryptocurrency community.
- Market impact seen with the BEN token experiencing a drop in value post-arrest.
Ben Armstrong, known as “BitBoy”, was arrested on September 25, 2023, following a confrontation with employees at a Popeyes restaurant. As a high-profile KOL, Armstrong has contributed significantly to the discussion, resulting in widespread chatter across the cryptocurrency community.
The incident has garnered reactions both within and outside the crypto industry due to Armstrong’s influence and substantial follower base. As a result, the BEN token associated with him experienced a notable drop in value, reflecting how community events can sway market dynamics.
Ben Armstrong and Decline of BEN Token After Arrest
Ben Armstrong’s recent arrest at a Popeyes restaurant highlights his ongoing legal entanglements. The altercation left the precise motives unclear, but footage shows his agitation during the event’s occurrence.
This arrest further compounds his legal issues, following a previous incident involving a business partner. The cryptocurrency community is closely observing these developments, acknowledging the impact on Armstrong’s reputation.
Market reactions followed quickly, with the BEN token losing 30% of its value amid the news of Armstrong’s arrest.
This is the hardest tweet I ever have had to make. I need to make a confession I never imagined I would admit— I’m not even really sure if I have the courage to say it but I’m going to do my best. Here it goes: My name is Ben and I’m a loiterer. I did 8 whole hours in the slammer. — Ben Armstrong
Potential Regulatory Implications for Crypto Influencers
Did you know? Ben Armstrong’s arrest echoes previous trend swings in cryptocurrency markets; price reactions often mirror significant events involving renowned figures.
According to CoinMarketCap, Ben (BEN) currently trades at $0.00 with a fully diluted market cap of $317,964.97. The trading volume over 24 hours stood at $418,007.25, marking a drop of 2.40%. The token saw a change of 172.97% over the past 60 days, with a decline of 9.85% over 90 days.
The Coincu research team suggests that the unfolding events surrounding Ben Armstrong could lead to greater regulatory scrutiny of influencer roles within cryptocurrencies, potentially reshaping guidelines for content creators in this space.
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