Amid a significant global IT outage caused by issues with CrowdStrike software, various sectors experienced widespread disruption. In response to this chaos, several meme tokens themed around CrowdStrike and Microsoft’s infamous “Blue Screen of Death” (BSoD) error were launched on the Ethereum and Solana blockchains. Among these, the CrowdStrike token (STRIKE) notably achieved a market capitalization of $1 million.
Data from DEXTools reveals that various tokens referencing CrowdStrike, Microsoft, and the BSoD were issued across different blockchains. Surprisingly, some of these tokens, such as CrowdStrike on Ethereum, quickly accumulated liquidity worth up to $50,000 in stablecoins, pushing their market caps to as high as $1 million.
These tokens have seen active trading, driven by investors looking to capitalize on the short-term hype and speculation surrounding the Microsoft outage on social media platforms. It is important to note that these tokens are not listed on any centralized exchanges, and their values are expected to decline once the initial excitement dissipates.
The global IT outage has had severe repercussions, affecting a wide range of industries including airlines, hospitals, the stock market, banks, and the broader IT sector. According to Microsoft, numerous services were impacted, including PowerBI, Microsoft Fabric, Microsoft Teams, Microsoft 365 admin center, Microsoft Purview, and Viva Engage.
The outage has been attributed to a faulty update from CrowdStrike software. Bugs in CrowdStrike’s kernel driver were linked to the widespread disruptions, causing sudden crashes of Windows computers globally. Microsoft is actively working to address the issue, and CrowdStrike has confirmed that the outage is not due to a cyberattack or hack.
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