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The group’s featured image is of a Pepe frog yelling, often referred to as the “REEEEEEE” meme. Pepe the Frog was created back in 2005 by Matt Furie and has since become an internet symbol for meme culture and “degen” culture. Matt Hussey, editorial director of NEAR Protocol (and former editor-in-chief of Decrypt) responded to the news of the Telegram group with “#meIRL.” With Bitcoin down 30% in the past week, some crypto traders have taken to Telegram to “voice” their feelings. As five out of seven counts were serious, Hui sentenced Ng to six years and six months in jail.
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