Pepe

FLOKI

Million

Rewards

Coin

<p>Meme coin traders reaped big from newly launched meme coins capitalizing on the sentencing of FTX Founder, Sam Bankman-Fried.</p>
<p>US Judge Lewis Kaplan sentenced SBF to 25 years in prison after a jury found him guilty on seven counts of fraud and conspiracy.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Judge Kaplan: It is the judgment of the court that you are sentenced to 240 months then consecutive 60 [etc] for a total of 300 months [25 years]</p>
 <p>— Inner City Press (@innercitypress) <a href="https://twitter.com/innercitypress/status/1773376299626574125?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 28, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The sentencing, which is historic for the crypto community, presented a leeway for developers to launch new meme coins. One such meme coin is Sam Baseman Fraud under the ticker $FTX, which launched hours before the sentencing.</p>
<p>Data from <a href="https://dexscreener.com/base/0x93ac4b6bd679c30f2867de89c0813a5bbf9baf96" target="_blank" rel="noopener noreferrer nofollow">DexScreener</a> shows that $FTX is holding gains of over 7,000% in the last 24 hours. However, in just six hours, it has dropped by 47%, with its market capitalization currently at $319,000.</p>
<p>Shortly after SBF’s sentencing, another meme coin, Som Bonkmon Fraud, launched on Solana. It jumped to a market capitalization of around $20 million, but this has since dropped to the current $446,000.</p>
<p>The token, trading under the ticker $SBF, has dropped by 91% in the last 24 hours amid increased selling pressure from profit takers.</p>
<h2 id="meme-coin-mania">Meme Coin Mania</h2>
<p>The meme coin trend is back, with many of these highly speculative tokens jumping to record highs in the ongoing bull market.</p>
<p>In the last 24 hours, meme coins have posted a notable increase in total market capitalization, which now stands at $67 billion.</p>
<p>Dogwifhat (WIF), which is barely four months old, has seen its market cap pump to $3.6 billion, making it the third-largest meme coin.</p>
<p>Others like PEPE, BOME, BONK, and FLOKI have also rallied to record highs.</p>
<p>SMOG, a Solana-based meme coin is set to debut on centralized exchanges soon, with the team saying it will be a landmark event. As seen with $BOME, meme coins tend to post gains after exchange listings.</p>
<p>According to CoinGecko, SMOG is sitting at 239% monthly gains.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/floki-price-prediction-floki-soars-14-as-traders-send-over-2-million-to-new-crypto-meme-coin-slothana" rel="noopener noreferrer nofollow">Floki Price Prediction: FLOKI Soars 14% As Traders Send Over $2 Million To New Crypto Meme Coin Slothana</a></li>
 <li><a href="https://insidebitcoins.com/news/dogwifhat-price-prediction-wif-surges-to-a-new-ath-to-overtake-pepe-but-traders-shift-their-focus-to-this-other-sol-meme-coin-and-its-upcoming-listing" rel="noopener noreferrer nofollow">Dogwifhat Price Prediction: WIF Surges To A New ATH To Overtake PEPE, But Traders Shift Their Focus To This Other SOL Meme Coin And Its Upcoming Listing</a></li>
 <li><a href="https://insidebitcoins.com/news/pepe-price-prediction-pepe-pumps-4-as-this-2-0-dogecoin-presale-gives-investors-one-last-chance-to-buy-before-launch" rel="noopener noreferrer nofollow">Pepe Price Prediction: PEPE Pumps 4% As This 2.0 Dogecoin Presale Gives Investors One Last Chance To Buy Before Launch</a></li>
</ul>
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Meme Coin Traders Jump on New SBF Meme Coins As FTX Founder Gets 25-Year Prison Sentence

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