Buttcoin Gets a BBL in New Rally to $20M Market Cap

Summary

• Buttcoin traces back to crypto message boards from 2011, where it started as a joke mocking Bitcoin and crypto culture.

• The meme spread through forums, parody posts, and anti-Bitcoin communities over the next decade.

• Buttcoin lore resurfaced after Barry Oners, creator of the original meme, publicly approved the token and said it would be the only one to receive his backing.

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Buttcoin started as an internet joke in 2011, long before the current meme coin cycle. Early crypto forum users used the name to mock Bitcoin’s complexity, often describing Buttcoin as a simpler or more ridiculous alternative.

The meme kept spreading over the years through parody posts and anti-Bitcoin communities. In 2014, a satirical anti-Bitcoin blog using the Buttcoin name gained attention after Bitcoin mining company Butterfly Labs acquired it in an attempt to remove criticism. Not long after, the FTC shut down Butterfly Labs for fraud, leading to a radio segment where an FTC official repeatedly had to say “Buttcoin” during the discussion.

Interest around the token picked up again after Barry Oners, creator of the original Buttcoin meme more than 15 years ago, publicly approved the project and stated that this would be the only Buttcoin-related token to receive his endorsement.

The official Buttcoin X account has continued posting memes, references, and older lore tied to the original Buttcoin joke, with more than 18.7K posts made so far. One recent post from Barry summarized the history and origins of the meme again for newer users.

Visibility around the token also increased through posts from Shadow, who has been actively promoting Buttcoin and sharing memes tied to the project.

On April 19, Buttcoin fell to a $5.6M market cap. Interest later picked up again as more people started posting about the meme, and the token reached $23M market cap on May 17.