Over the weekend, a man climbed the Hollywood sign in Los Angeles and waved a white flag promoting the meme coin Vigilante (VIGI). The stunt caused the token to pump to a $3.85 million market cap before plummeting 69% to approximately $1 million. This is not the first time meme coin team members have performed dangerous stunts to promote their tokens. Meanwhile, the President of Argentina promoted the Solana token LIBRA, which led to its crash and fraud charges being filed against him. Some traders speculate that the LIBRA launch could cast doubt on the legitimacy of meme coin launches. However, the impact on the broader meme coin market may be overstated.



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