The market value of Meme coins related to the murder suspect of the US insurance giant CEO rose to US$77 million
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2024-12-11 10:02 4,611
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Golden Finance reported that according to DL News, the suspect in the murder of United Healthcare CEO Brian Thompson has attracted the attention of cryptocurrency users. Bettors on crypto prediction platform Polymarket poured $500,000 into the platform following the Dec. 4 murder of the insurance executive, followed by a massive police manhunt. At the same time, the price of meme coins surged in connection with details of the manhunt. The market capitalization of a meme coin named after criminal suspect Luigi Mangione soared to $77 million before falling to about $17 million (it is currently back up to $20.7 million).
DL News said that this surge in Meme coins highlights the dark side of Meme culture. Before Mangione’s arrest, the most popular meme coin linked to the murder was called Deny, which had a market cap of over $3.4 million but has since fallen to $836,000. Furthermore, Mangione’s notoriety extends beyond the cryptocurrency space. Mugs, hats and holiday sweaters related to the case have been sold on shopping sites.