Memecoin Madness Returns as Barstool Sports, BNB Chain, and an Entire African Country Dabble With Meme Tokens
Memecoins have yet again taken center stage, with a BNB chain tutorial token (TST) reaching a $300 million market cap and getting a Binance listing after it was used in a video and mentioned by founder Chengpeng Zhao. Barstool Sports' David Portnoy promoted JAILSTOOL, which peaked at $200 million and has since fallen. Most surprisingly, the Central African Republic's president announced a national memecoin (CAR) that surpassed a $500 million market cap, though questions about its authenticity remain.