The meme coin related to the suspect in the murder case of the CEO of a major insurance company has surged, sparking discussions in the industry about ethical boundaries
ChainCatcher news, according to DL News, after the murder of UnitedHealthcare CEO Brian Thompson on December 4, the meme coin LUIGI related to suspect Luigi Mangione quickly gained popularity on the Solana chain, with its market cap soaring to $77 million before significantly dropping back to $17 million.Another token related to the case, "Deny. Defend. Depose" (derived from the text found on a shell casing at the crime scene), also reached a market cap of $3.4 million, which has now fallen to $836,000. There are 8 related betting markets on the prediction market Polymarket, with a total betting amount of nearly $500,000, including $56,000 on the question "What will Luigi Mangione say in his statement?"Industry insiders commented, "Solana meme coins once again prove to be the best source for news, with the Luigi Mangione-related token launched just minutes after the incident." However, such meme coins based on violent events have sparked discussions within the industry about ethical boundaries. Previously, platforms like pump.fun were banned in the UK for issuing meme coins with racist connotations.