Emre Yumlu 
What has happened in the crypto world on April 1st so far? From Vitalik to Trust Wallet, Samson Mow to Binance; here are the funniest and most surprising pranks!
1- OneCoin Dethroned Ethereum!
On April 1, 2017, CoinDesk published a news article that could have shaken the crypto world. According to the report, a federal judge had ruled that OneCoin was a legitimate and legal cryptocurrency. As a result, CoinMarketCap would be required to list OneCoin, which would push it ahead of Ethereum to claim the second spot by market cap.
Even more importantly, the decision was said to highlight government intervention in the crypto ecosystem, which is supposed to be decentralized. Such a massive news piece might have emotionally driven some investors to change their trading plans. However, the following sentence at the end of the article eased the tension:
“Unprecedented price volatility is not expected across major cryptocurrencies in the coming days… because this is just a huge joke!”
2- “Degen Communism: The Only Correct Ideology!” – Vitalik Buterin
Ethereum co-founder Vitalik Buterin made his own April Fools’ joke by writing a humorous blog post declaring that “degen communism” was the only acceptable political ideology in the crypto world. This concept was seen as a playful jab at the memecoin craze.
Degen communism: the only correct political ideologyhttps://t.co/CpFdMGCsJg
— vitalik.eth (@VitalikButerin) April 1, 2024
According to Buterin, degen communism is an ideology that embraces chaos but fine-tunes the fundamental rules and incentive structures to guide the outcomes of this chaos toward the collective good.
3- Trust Wallet’s April Fools’ Prank: The Real Satoshi Nakamoto Confirmed!
One of the most debated topics in the crypto world is the identity of Bitcoin’s mysterious creator, Satoshi Nakamoto. Over the years, many people have claimed to be Nakamoto or to know the real identity, but the community has always approached these declarations with skepticism.
One of the most controversial figures claiming to be Nakamoto is Craig Wright. However, Wright’s claims have been repeatedly disproven.
Adding a humorous touch to this debate, Trust Wallet made the following post on X (Twitter) on April 1st:
BREAKING: Craig Wright has been confirmed as Satoshi Nakamoto!
Just kidding, April fools!
— Trust Wallet (@TrustWallet) April 1, 2020
However, Trust Wallet didn’t drag the joke out for too long and quickly added a clarification beneath the tweet:
“Just kidding, April Fools!”
As April Fools’ jokes have become a tradition in the crypto world, Trust Wallet joined in the fun by adding a humorous twist to the Craig Wright debate.
4- Binance’s “Croc” Prank: Meaningless but Funny!
The crypto exchange Binance took an unconventional approach to April Fools’ jokes, making its followers laugh. The company posted a picture of a “Croc” (slipper) next to its logo on social media with the following message:
Crucial information. pic.twitter.com/FQiERcOkbV
— Binance (@binance) April 1, 2023
Without any context or explanation, this post gained significant attention within the crypto community. As users debated what Binance might be trying to convey, the company kept the prank’s mystery intact, offering no further clarification.
5- Samson Mow: EU is Introducing Office Hours for Crypto Wallets (!)
Crypto entrepreneur Samson Mow made a notable post on social media, claiming that the European Union would impose bank-like restrictions on crypto wallets. According to Mow, under the new regulations, crypto wallets would only be allowed to make transactions:
BREAKING: EU lawmakers decide to unban self-hosted wallets, but will limit the number of addresses to 10. Also, wallets will only be allowed to send and receive transactions from Monday to Friday, 8 AM to 5 PM, excluding holidays.
— Samson Mow (@Excellion) April 1, 2023
Such a restriction would completely contradict the fundamental purpose of cryptocurrencies, which were designed as an alternative to traditional banking systems. However, Mow’s April Fools’ joke also made a subtle reference to the EU’s real regulatory efforts to limit self-hosted wallets.
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