A crypto April Idiot’s bit from protocol agency Liquity, which claimed it was being purchased by stablecoin large Circle, has led to allegations of “market manipulation” after it pumped the value of its in-house token.
Liquity introduced on April 1 that it was acquired by Circle in a deal that might enable Circle to supply customers “a non-freezable stablecoin and directly distribute yield under the Clarity Act.”
The joke pokes enjoyable at Circle’s capacity to freeze tokens and the truth that the Readability Act, in its present kind, seeks to ban yield on stablecoins.
BREAKING: Circle has acquired Liquity.
This acquisition will allow Circle to supply its customers a non-freezable stablecoin and instantly distribute yield beneath the Readability Act. pic.twitter.com/M6BHeYr3RK
— Liquity (@LiquityProtocol) April 1, 2026
Its freezing powers have been ridiculed by the crypto investigator ZachXBT final week, who claimed Circle wrongly froze 16 wallets as a part of a civil lawsuit.
Regardless of the buyout announcement being a joke on Liquity’s half, it nonetheless boosted its $LQTY token by 5%.
The worth, nevertheless, pulled again in just some minutes, and is now down 6% from its April 1 peak.
Crypto customers on X weren’t too impressed with the joke, describing it as an “April Fool’s pump and dump.”
The spike occurred seconds after Liquity’s Circle announcement was made.
Some stated it was an ultra-thin line between a joke and “market manipulation,” whereas others described the day as a chance to “do crime and it’s totally legal!”
Others have been extra forgiving. DeFi researcher Ignas stated that crypto customers have been shedding their minds over a “mere” 5% pump.
They added, “Good taste joke, IMHO. And good project.”
Different customers warned to not base your buying and selling on headlines, as on a day like April Fools’, most of them are “facetious.”
By no means do April Idiot’s Day
By no means ever do April Idiot’s Day as an organization
By no means, ever, ever do April Idiot’s Day as an organization with a token
— Dan Robinson (@danrobinson) April 1, 2026
In response to the April Fools’ publish, Liquity made it clear that it was only a joke, whereas additionally selling its personal stablecoin BOLD.
Moreover, Circle clarified to Protos that the announcement was false, and stated “Circle has not acquired Liquity.”
The theme of crypto April Fools’ is phony acquisitions
There have been a minimum of two extra pretend crypto acquisitions bulletins at this time. Crypto pockets agency Frontrun Professional introduced that it had been acquired by AI large Anthropic as a part of a $141 million deal.
Crypto copy buying and selling account PolyGun additionally introduced that it had been acquired by Anthropic, this time in a transaction price $69 million.
Dogecoin additionally did its personal company April Fools’ joke, saying that it will restructure the agency into “DogeCoin Financial Solutions LLC™.”
📢 An Necessary Message to Our Group.
Efficient instantly, Dogecoin is present process a full company restructuring.
We’re proud to introduce: DogeCoin Monetary Options LLC™
As a part of this transition, we will probably be:
▪ Retiring the Shiba Inu brand in favour of a tasteful…
— Dogecoin (@dogecoin) April 1, 2026
Barking mad.
As a part of this, it stated it will drop its Shiba Inu brand for one thing navy blue, cease saying phrases like “wow,” “much,” and “very,” and rebrand its “Doge army” as “Stakeholders.”
Some customers thought it will be humorous to fake that memecoin launcher Pump Enjoyable is lastly dropping an airdrop within the type of “Pump Fun rewards.”
The platform introduced an airdrop could be coming “soon” 266 days in the past.
Others joked that Bored Ape Yacht Membership had changed the pictures of all of its NFTs with images of precise monkeys and chimps.
Definitely no monkey enterprise right here.
A bitcoiner referred to as Didi Taihuttu claimed, whereas sporting his Bitcoin hat and strutting round a luxurious villa, that he could be switching again to conventional banks after crypto had grow to be too risky.
All these examples display that buying and selling headlines on a day like at this time is dangerous enterprise, and that corporations with monetary belongings to their names must be cautious about simply what sort of April Fools’ they run.
