While the cryptocurrency market was experiencing active days, the first day of the second quarter of the year witnessed many fake events. April Fools’ Day pranks, which have become a tradition around the world, also resonated in the crypto world.

In this article, we compiled April Fools’ Day jokes made on X (formerly Twitter) in 2024. The past day, many names from Ethereum founder Vitalik Buterin to Solana CEO made juicy jokes.

Solana CEO announces new token launch

In a post on X on April 1, Solana CEO Anatoly Yakovenko announced the launch of a new Solana-based token called “BunkerCoin,” shedding light on the complex design of new cryptocurrencies.

Yakovenko claimed that the new altcoin called BunkerCoin operates on “shortwave radio channels” and utilizes ZkProofs, Groth16 proofs, and various sophisticated technologies.

The Solana CEO’s announcement of the new altcoin turned out to be an April Fool’s joke.

Vitalik Buterin, crypto politicsdived in

On April 1, another big name to cheer up the crypto community was Ethereum co-founder Vitalik Buterin.

Buterin emphasized the memecoin trend in a blog post he shared. The famous name put forward a crypto-specific political ideology with his post called “degen communism”.

According to Vitalik, degen communism is an ideology that embraces chaos but changes the ground rules to create a background pressure whose outcomes are compatible with the common good.

Hoffman has the Ethereum world on the edge of its seat

David Hoffman, the host of the ‘Bankless’ YouTube channel and a well-known Ethereum maximalist, has shocked the crypto community with his April Fools’ joke. Hoffman jokingly announced that he will be leaving the Ethereum ecosystem and will be operating at the Solana Foundation.

Hoffman said he would join the Solana Foundation as “Vice President of Decentralization,” a subtle reference to widespread criticism from Ethereum fans who claim that Solana is not as decentralized as ETH.

The famous name has been continuing his discussions with Solana lovers for a long time.

The phenomenon’s watery prank garners backlash

One of the more serious April Fools’ pranks that resonated on X involved an Ethereum-based crowdfunding protocol called JuiceBox.

JuiceBox’s claim that it received support from crypto venture capitalist Paradigm made a big noise. The account, nicknamed Briliegh.eth, claimed that the protocol made a $69 million funding deal with the venture capitalist.

After the sharing of the name in question, JuiceBox’s altcoin JBX price increased by more than 45 percent.

After the news turned out to be an April Fool’s joke, JBX fell 25 percent, upsetting investors who did not take profits. The crypto world reacted strongly to Briliegh.eth. The anonymous user made his account private after the reactions.

Artificial intelligence from Waves founder

On April 1st, there was another event that caused movement in the crypto market. Waves’ pseudonymous founder, Sasha, announced that his project would integrate with artificial intelligence and replace the altcoin’s name WAVES with AI.

WAVES price rose 5 percent after Sasha’s post. When it became clear that the news was not true, investors did not hide their anger at the project official.

Spotlight Bitcoin ETF joke from BitMEX

BitMEX Research joked about spot Bitcoin ETF data in a post on April 1. The researchers announced that the outflows of the Grayscale Bitcoin Trust (GBTC) were $0.

The exchange announced the real figure in a statement immediately afterwards, stating that this was a joke. On April 1, there was an outflow of $303 million from the GBTC fund.