The assassination of Charlie Kirk has sparked a wave of speculative tokens created based on his name, raising public concern.
Trading Frenzy After the Tragedy
On September 10, following the death of Charlie Kirk during a speech, new tokens related to his name appeared in the cryptocurrency market. For example, the CHARLIE token raised nearly $300,000 within hours after the incident. Data from DexScreener showed that at least five different tokens, such as Charlie Cartman, RIP CHARLIE KIRK, and Justice For Charlie, were created within 13 hours.
Price Volatility and Ethical Risks
Trading in such tokens has drawn criticism as many see it as a way to profit from tragedy. Some users even began selling their other meme tokens to invest in 'Justice for Charlie.' This situation highlights the risks associated with short-term speculation, as such tokens often quickly lose their value.
Commercialization of Tragedies in the Crypto Market
The cryptocurrency market is prone to 'pump and dump' cycles, especially regarding tokens created in response to shocking events. Examples like the Justice for Iryna token demonstrate how swiftly these assets can lose their value. It raises questions about morality and value in the digital asset markets.
With the tragedy surrounding Charlie Kirk, cryptocurrency trading cycles once again remind us of the risks associated with speculations driven by tragic events and the ethical implications of this phenomenon.
