The memecoin called Luigi Inu (LUIGI) has reached a new all-time high in market capitalization, reaching $45 million. This surge in value is due to the arrest of Luigi Mangione in connection with a murder. Mangione's arrest and the subsequent media attention have boosted the popularity and value of the memecoin. The token was launched by anonymous crypto traders and is trending on Raydium, a market maker built on Solana. However, experts caution that meme tokens like LUIGI lack fundamental value and stability, making them risky investments. Some netizens are supporting the alleged anti-establishment ideas associated with Mangione, while others in the crypto community condemn the incident and seek justice for the victim. Another token called $BRIAN has emerged, aiming to bring justice to Brian Thompson, the victim of the murder.



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