The JUSTICE token, launched on the Solana-based platform Pump.fun, has experienced a significant decline in value since its initial trading levels. Despite maintaining over 31,000 holders, the project's market capitalization has contracted to $375,960. The launch of the token came after Mark Longo publicly criticized crypto traders for monetizing the tragedy of his pets, Peanut and Fred, through the popular meme coin PNUT. Following the launch, a new token called JFP was introduced but also suffered a decline in value. Pump.fun has faced controversy due to the accessibility of its token creation system, which has led to controversial meme coin launches. The platform recently banned UK users following warnings from the country's financial regulator.
- Content Editor ( decrypt.co )
- 2024-12-09
Peanut Pet Owner's Token Collapses Two Weeks After Launch