Meme Coin Named After 'US Insurance CEO Shooting Suspect' Hits $77 Million Market Cap

Source
JH Kim

Summary

  • The meme coin named after Luigi Mangione reportedly surged to a market cap of $77 million.
  • After the surge, the meme coin's market cap fell to about $17 million and has since stabilized.
  • The current market cap of the meme coin is estimated to be around $38 million.

Recently, a meme coin named after Luigi Mangione, the suspect in the shooting death of UnitedHealth Group's CEO Brian Thompson, has surged following his arrest. According to DL News, a cryptocurrency-focused media outlet, the meme coin, tickered as Luigi, once soared to a market cap of $77 million before dropping to around $17 million. It is currently valued at approximately $38 million.

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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