“Luigi Mangione” Coin Gets Listed On Major Exchange After Hitting $50m Million Market Cap
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December 9, 2024 10:26 pm
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Local police in Altoona, Pennsylvania, have arrested 26-year-old Luigi Mangione, the suspected shooter of UnitedHealthcare CEO Brian Thompson.
Mangione has since been arraigned on weapons charges in a Pennsylvania courthouse and was denied bail.
Just minutes after Luigi Mangione was identified as the suspect in the shooting, a memecoin called “Luigi Mangione” was launched on Pump.Fun.
Within 6 hours, Luigi’s market cap hit over $51.5 million and has since been listed on MEXC.
Take a look:
🚨#MEXC New Listing Alert!
📈 $LUIGI/USDT will be listed in the Assessment Zone on 2024-12-10 03:50 (UTC).#Luigi Mangione is a meme coin.
Details: https://t.co/GcR8XyAE5G pic.twitter.com/1kAqufsK9I
— MEXC_Listings (@MEXC_Listings) December 10, 2024
Per Newsweek:
memecoin of UnitedHealthcare CEO shooting suspect Luigi Mangione is skyrocketing in value just days after Brian Thompson was killed on a New York City street.
The memecoin hit a $29 million market cap Monday afternoon after Mangione, 26, was arrested in Altoona, Pennsylvania.
Memecoins are a type of cryptocurrency created as a result of a meme or online trend, but their value is often misunderstood by the public, according to Alex Beene, a financial literacy instructor for the University of Tennessee at Martin.
“When someone outside the crypto-bubble of thinking encounters headlines like this, they view it as absolutely insanity,” Beene told Newsweek. “After all, who would invest in a digital currency inspired by the alleged killer of a major company’s CEO? However, this currency is the latest in a string of coin offerings meant to capture some monetary value on online stories and moments that go viral and manufacture a financial component to the enthusiasm around them.”
No way the runner up in the United CEO healthcare shooter lookalike contest showed up at the scene of the crime to shill $LUIGI 😭 pic.twitter.com/VYi0skWton
— Luna (*☾ω☾*) (@warpspeedluna) December 9, 2024
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