BarsTool Sports, BNB Chain and Central Africa Republic Issues tokens

Bitcoin (BTC) and crypto markets are still recovering from last week’s blood, but it appears that Memecoin fever is alive as well as three large tokens issued this weekend.

The BNB chain-based TST token, issued as a memecoin of the blockchain community following a tutorial video on how to issue tokens, zooming with a $ 300 million market capitalization as Binance founder founder Changpeng Zhao referred to the token in some X-Posts-including its having a coveted Binance list on Sunday.

Zhao, who stepped from a formal role in the company last year, said on Sunday that he was not or against Memecoins, and the “fun” element of the category makes it appealing for short -term businessmen.

“Things with clearly tangible value are more difficult to imagine. They stay around the clear value,” Zhao said. “This is really a challenge for the RWA. Memes are fun, etc. This is a cultural thing. I am not an expert in this area. There are many die-hard defenders of memes. Do not contradict the community. “

Barstool portnoy buys “Jailstool”

David Portnoy, the influential founder of Barstool Sports, jumped into the Memecoin Fray on Friday with a coin called “Montoya Por Favor,” inspired by a contest from reality reality show La Isla de Las Tentaciones.

Portnoy told his 3.5 million X followers that he was “up a billion percent” in his first foray in meme tokens, helping coins advance to a market capitalization of $ 14 million in its climax before falling into a $ 1 million cover for a few hours.

He has now seen his sights on a Josh Allen MVP coin with a playful warning, “Buy at your own risk. I just bought it. I’ll sell it. Don’t buy what won’t lose.” That coin also shot, hitting a market cap of more than $ 12 million, before nosediving in a capitalization of under $ 100,000.

Observers in the X market accused him of leading his massive compliance with a pump-and-dump scheme. But Portnoy defended his trading spree, claiming transparency and even humorous inquiry if his actions could go to him in jail.

Someone then released a jailstool token, a nod to Portnoy’s tweet … Portnoy bought and promoted his followers.

“I can throw it away eventually but I’ll let you all righteously lose each other. So don’t put more than you can lose,” he stopped.

Jailstool advanced from $ 1.2 million to more than $ 200 million in peak, Even getting A list of Kraken -based places on Sunday. It traded at 8 cents during the afternoon hours in Asia on Monday with a $ 78 million market capitalization.

Suspicions rose as the president of the Central Africa Republic releasing a token

Here’s where the Frenzy meme gets wild – an entire country in Africa has decided to get into the fun as the Central Africa Republic seems to have released its car memecoin over the weekend.

Launched the car with a promise to help national development and place One of the hardest The countries “on the world stage,” its president told X. The token’s market cap reached nearly $ 527 million shortly after the release, almost a fourth of the country’s GDP of $ 2.6 billion.

“As the second president in the world to adopt Bitcoin as a legal soft, I always recognize the potential of crypto and its benefits to a global scale,” said Faustin-Arphage Touadéra, which connects the car website.

But The suspicions increased Around the cargoing of the car, with the site’s domain provider dropping in late week and some X users allegedly Touadéra’s video to be a deepfake.

Solana Decentralized Exchange Jupiter said Monday that it reached car representations for further token effect and its official connection to the country.

Jupiter said it was able to verify token deployers using an onchain transaction, but further confirmation and exact relation to the President’s office remains pending as Japanese hours in Asia.