Memecoin madness: Ulbricht loses $12M in blunder, Elon Musk’s dad’s memecoin, Pump.fun class-action lawsuit

Bitcoin is seeing a clear divergence in strategy between retail investors and whales — something that isn’t uncommon but is interesting. Outside of Bitcoin, it’s chaos as always. The parents of FTX’s former CEO, Sam Bankman-Fried, are looking into getting a pardon for their son from President Donald Trump, Pump.fun was hit with a class-action lawsuit claiming all memecoins from the platform are securities, Elon Musk’s dad has his own a memecoin and Ross Ulbricht's wallet loses $12 million in a memecoin misstep.Further reading:Bitcoin retail sellers send $625M to Binance before 'first cycle top'ECB president ‘confident’ Bitcoin will not enter central bank reservesSBF’s parents seek pardon from President Trump: ReportPump.fun hit with suit claming all memecoins are securitiesElon Musk’s dad plans $200M raise with ‘Musk It’ memecoinRoss Ulbricht-tied crypto wallets lose $12M in memecoin misstep: ArkhamRise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.