Martin Shkreli’s newest memecoins are already down 94%
Less than 24 hours after joining Pump Fun, the two memecoins tied most closely to Martin Shkreli are down 94%.
On Monday, Shkreli drew over 700,000 views on his announcement that he would join the Solana memecoin launchpad and start livestreaming his trades.
Elated, PumpFun’s official account welcomed him, claiming he already had a 6,263% gain and $1.6 million in his wallet within one day.
At time of writing, CITRINI, which he created, and MARTIN, a namesake coin that topped Shkreli’s trading history before his CITRINI transactions, have each crashed at least 94% since their highs yesterday.
Traders have been paying particular attention to Shkreli recently after he made headlines talking about a short-sale of Moderna earlier this month.
Unfortunately, the pharmaceutical maker skyrocketed higher on positive FDA Phase 3 results shortly after he “was playing around shorting this thing at 80 bucks.”
Moderna currently trades precisely 100% higher than Shkreli’s $80 per share.
MARTIN, CITRINI, DJT, and MSI
A downward-sloping chart is a familiar shape for Shkreli.
… Continue reading the full article at the original source below.
