Enron abandons ‘performance art’ and just dumps a memecoin
Enron abandons ‘performance art’ and just dumps a memecoin The performance artists behind Birds Aren’t Real have taken a dark turn in their elaborate new project, a resuscitation of Enron. The Connor Gaydos-led team purchased the trademark and domain name from the fraudulent 1990s-era company, but rather than commenting on it artistically, it looks to be perpetuating its accounting scandal. On Tuesday, the team announced a real memecoin on the Solana blockchain with the ticker symbol ENRON. Enron tweeted it to over 48,000 followers, earning millions of impressions. The coin immediately pumped and then dumped minutes later. Indeed, within seven minutes, its market capitalization had hit $700 million but just one hour later, it had dumped 64%. It continued to drift even lower and by midnight New York time on the day of its debut, it had fallen 76% from its high. Within seven minutes, the coin’s market cap had hit $700 million. One hour later, it had dum...