Memecoin madness: Ulbricht loses $12M in blunder, Elon Musk’s dad’s memecoin, Pump.fun class-action lawsuit
Description
Bitcoin is seeing a clear divergence in strategy between retail investors and whales — something that isn’t uncommon but is interesting. Outside of Bitcoin, it’s chaos as always. The parents of FTX’s former CEO, Sam Bankman-Fried, are looking into getting a pardon for their son from President Donald Trump, Pump.fun was hit with a class-action lawsuit claiming all memecoins from the platform are securities, Elon Musk’s dad has his own a memecoin and Ross Ulbricht's wallet loses $12 million in a memecoin misstep.
Further reading:
- Bitcoin retail sellers send $625M to Binance before 'first cycle top'
- ECB president ‘confident’ Bitcoin will not enter central bank reserves
- SBF’s parents seek pardon from President Trump: Report
- Pump.fun hit with suit claming all memecoins are securities
- Elon Musk’s dad plans $200M raise with ‘Musk It’ memecoin
- Ross Ulbricht-tied crypto wallets lose $12M in memecoin misstep: Arkham
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