CRAB-17: Explained

By Lyle Daly – Updated Feb 22, 2025 at 11:32 AM EST

Key Points

CRAB-17 memes use humor to reflect crypto market's volatility and investor frustration.
Videos depict Bogdanoff twins manipulating prices, affecting fictional trader Wojak.
Despite being fictional, CRAB-17 resonated with real investors facing market swings.

In cryptocurrency, there's the good, the bad, and the downright weird. CRAB-17 and the meme series it's part of fall into the last category.

When crypto went through one of its biggest bear markets in 2018, a YouTuber started creating videos to poke fun at the wild price swings and how they affected traders. The videos involved a plan called CRAB-17 launched by all-powerful meme twins, the Bogdnaoffs, and it's just as confusing as it sounds. In this breakdown, we'll attempt to explain a very strange moment in crypto history.

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Dogecoin meme coin standing centrally placed among bunch of crypto coins on blue background. Banner with golden Doge token. Close-up, soft focus. — Source: Getty Images

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About the Author

Lyle Daly is a contributing Motley Fool stock market analyst covering information technology and cryptocurrency. Lyle has been a contributor at the financial services company since 2018. His work has been featured on USA Today, Yahoo Finance, MSN, Fox Business, and Nasdaq. Before joining The Motley Fool, he wrote for financial brands including Intuit.

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Lyle Daly has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.