Traders Raked In from CHARLIE Memecoin Amid Charlie Kirk Assassination Outrage
A creator on Solana made $299,426 in revenue by launching a CHARLIE coin shortly after the shooting
Quick overview
- The murder of conservative activist Charlie Kirk has led to the rapid creation of speculative cryptocurrency tokens that exploit the tragedy.
- Within hours of the shooting, several tokens named after Kirk were launched, with one generating nearly $300,000 in revenue.
- While some view these tokens as digital tributes, others criticize them as opportunistic exploitation of a tragic event.
- This trend reflects a recurring pattern in cryptocurrency markets where tokens linked to shocking events often experience quick value loss.
Conservative activist Charlie Kirk’s murder has triggered an unsettling yet predictable trend in cryptocurrency markets: the rapid creation of speculative tokens that capitalize on the tragedy. Kirk’s name appeared on several coins developed by anonymous creators within hours of the September 10 shooting at Utah Valley University (UVU), with one of these coins generating nearly $300,000.
Kirk, 31, was shot and killed while addressing 3,000 people in UVU’s outdoor quad courtyard, according to reports. Authorities have confirmed that a manhunt is in effect, and leaders from all political stripes in the United States have offered their condolences.
Robert F. Kennedy and former President Barack Obama have denounced the violence. Kennedy Jr. characterized Kirk as “a supporter of free speech.”. While the political community grieved, blockchain developers hurried to capitalize on the situation.
An X user named Cano reported that a creator on Solana made $299,426 in revenue by launching a CHARLIE coin shortly after the shooting.
Furthermore, data from DexScreener confirmed the trend, revealing at least five different tokens created within 13 hours of the incident, with names like Charlie Cartman (CHARLIE), RIP CHARLIE KIRK (CHARLIE), and Justice For Charlie (KIRK). The data showed that more than 23,000 transactions pushed Charlie Cartman’s market cap to $740.9 million in just four hours of trading.
Some traders condemned the trend as exploiting tragedy for profit, while others regarded the Charlie tokens as digital tributes. Noting that investors were even selling other meme coins to buy into “Justice for Charlie,” a pseudonymous crypto enthusiast known as “Green” on X, implied that short-term speculation was prioritized over genuine remembrance. The craze also highlights a recurring pattern: tokens linked to shocking events that are largely speculative tend to lose value quickly.
These assets are meaningless, and their trends often resemble the “pump and dump” cycles common in celebrity-death coins. Although Kirk’s murder may intensify political debates in the U. S., this situation exemplifies another trend in cryptocurrency markets.
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