I've been oddly fascinated by this because it looks like a quick cash grab and I'm more curious about what the outcome will be quite frankly. On the old thread, I predicted that MJF would be "out of this six months from now" and we're a little over half way there, so let's see how his crypto
Not very well to put it lightly. Keep in mind that it was a bit below $3 when I did my little research a few months ago. Sure, it does fluctuate between $1.50 and $3, but it doesn't seem like it'll go anywhere but down because there's the less obvious trend in the Activity tab.
During this september, people bought new MJF bucks for a whopping $147.50, which is probably not even pocket change after the site's cut and whatever else there might be. People still exchange the thing on the site itself, but it's fair to say that those who get MJF bucks now are mostly speculators trying to make a quick buck and those who sell them are the same speculators cashing out or early buyers getting out (very much at a big loss). This is where it's doomed to end up unless MJF starts to promote it again (which I very much doubt at this point) or the site itself gains massive traction in the near future, which also seems unlikely considering MJF looks like the most well known person on the site, but then I'm very much not up-to-date with current pop culture, gaming "personalities", and random "entrepreneurs" (stunning I know). The only other person I know is Felicia Day (mostly faint memories from mid-to-late 2000's web series/"TV"), but she doesn't seem to do much nowadays besides, you guessed it, stream on Twitch and do some podcasts.
My point here is that I'd put MJF's little... experiment here slightly above Jarrett's GLOBAL FORCE GOLD bullshit, but well below what most half-relevant female wrestlers do on OnlyFans/Patreon (overcharge and make decent bank during the first couple of months, then it dries out pretty quickly because most people aren't paying premium prices for regular Instagram content). You could say that he's fully living the gimmick and found a way to screw the fans out of some money (like BRM said back then), but... he actually did with a good ol' pump and dump scheme. Sure, he didn't force anobody to buy into it and crypto shit tends to be a high risk investment anyway (and newer stuff is even worse), but it does feel more shady/scummy and less "great heel work, livin' the gimmick 24/7" after a few months. I still say that MJF will be out of this in the near future, especially since he's probably earning next to nothing already after the initial rush.