Memecoin Surge: BNB Chain, Barstool Sports, and Central African Republic
- The BNB Chain-based TST token reached a $300 million market cap after gaining a Binance listing.
- David Portnoy’s memecoin “JAILSTOOL” peaked at $200 million before settling at a $78 million market cap.
- The Central African Republic issued the CAR memecoin, which briefly hit a $527 million market capitalization.
- Suspicions arose regarding the authenticity of CAR’s token issuance, with allegations of deepfake involvement.
The weekend saw significant activity in the memecoin space, with tokens like TST and JAILSTOOL reaching high market capitalizations. The Central African Republic’s CAR token also gained attention but faced scrutiny over its legitimacy.
Source (2.6)https://www.coindesk.com/markets/2025/02/10/memecoin-madness-returns-as-barstool-sports-bnb-chain-and-an-entire-african-country-dabble-with-meme-tokens?rand=52298
