Memecoins once again seized on a viral news moment, with Dolly Parton becoming their latest target. After news broke Tuesday that the beloved country singer had died, users rushed to popular memecoin platforms to launch tokens, known for being driven by online trends and hype rather than underlying value, in her name. What followed was
Nearly 1 million people have lost a total of $3.8 billion after purchasing President Donald Trump’s $TRUMP memecoin, according to cryptocurrency analysis firm Nansen. The New York Times reports that Nansen’s analysis is based on transactions that are publicly visible on the blockchain, and shows that 988,905 accounts had lost money in memecoin by the
