In cryptocurrency, there's the good, the bad, and the downright weird. CRAB-17 and the meme series it's part of fall into the last category.
When crypto went through one of its biggest bear markets in 2018, a YouTuber started creating videos to poke fun at the wild price swings and how they affected traders. The videos involved a plan called CRAB-17 launched by all-powerful meme twins, the Bogdnaoffs, and it's just as confusing as it sounds. In this breakdown, we'll attempt to explain a very strange moment in crypto history.
The story behind CRAB-17
CRAB-17 is part of a larger story involving a battle between the Bogdanoff twins and Sminem, another popular character in crypto memes. Sminem is based on a picture of a Russian teenager wearing a knockoff Eminem shirt, where the rapper's name is spelled as (you guessed it) "Sminem."
In memes, the Bogdanoff twins represent losses, market manipulation, and pump-and-dump crypto scams. Sminem represents gains and positive market sentiment.
Bizonacci incorporated these characters into YouTube videos and added the CRAB-17 plan. The video "SMINEM VS. BOGDANOFF" ended with one of the twins saying "Activate CRAB-17.” A later video, "CRAB-17 STAGE II," showed that the next stage of the plan was having the protagonist's employer, Ronald McDonald, garnish his wages.
The most recent video in Bizonacci's channel was uploaded in 2018, and, after that, the YouTuber went off the map. Other meme creators have since incorporated CRAB-17 into their own videos. The memes are ridiculous, especially for anyone on the outside looking in, but they've provided a form of entertainment for crypto investors as they experienced the highs and lows of the market.
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