Pitbull's Album Title Sparks Unaffiliated Crypto Tokens
Pitbull's upcoming album title 'Pitcoin' has triggered a wave of unaffiliated cryptocurrency tokens.
The most popular token, also named Pitcoin, rallied around 100% in a single day, with daily volume reaching $583,231.
None of the Pitcoin tokens have been endorsed by Pitbull or his label, and most carry market caps below $3,000.
This phenomenon is not unique to Pitbull; copycat meme coins often emerge when a name goes viral.