Shkreli's Memecoins Crater: CITRINI and MARTIN Down 94% in 24 Hours
Martin Shkreli's latest memecoins have already taken a hit, plummeting by as much as 94% less than 24 hours after their launch. The two coins tied to him, CITRINI and MARTIN, saw significant drops in value despite his initial hype.
On Monday, Shkreli announced that he would be joining the Solana memecoin launchpad and starting a livestream of his trades, which drew over 700,000 views. The PumpFun team welcomed him with open arms, claiming he had already made a 6,263% gain and $1.6 million in just one day.
However, this hype was short-lived as both coins crashed by at least 94% since their highs yesterday. This is not the first time Shkreli's followers have lost money on his memecoins, with another Solana coin tied to him, DJT, collapsing after a wallet dumped tokens on buyers.