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News Explorer — Meme Coins Like ‘Som Bonkmon Fraud’ Surged in Value Before Crashing After the Sentencing of FTX Founder

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Mar 28, 10:22 pm

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Meme Coins Like ‘Som Bonkmon Fraud’ Surged in Value Before Crashing After the Sentencing of FTX Founder

The sentencing of FTX founder Sam Bankman-Fried to 25 years in prison has led to the creation of meme coins such as "Sam Baseman Fraud" and "Som Bonkmon Fraud." These tokens experienced massive price surges of up to 35,000% before plummeting in value. Despite the volatility, trading volume and market capitalization for these tokens remain relatively high.

The sentencing of FTX founder Sam Bankman-Fried to 25 years in prison has led to the creation of meme coins such as "Sam Baseman Fraud" and "Som Bonkmon Fraud." These tokens experienced massive price surges of up to 35,000% before plummeting in value. Despite the volatility, trading volume and market capitalization for these tokens remain relatively high.

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