Sean “Diddy” Combs X account promoted the official Diddy Solanam Meem Coin on Thursday night time. Shortly afterwards, the token was pumped to a market capitalization of $181 million, then hours starting from 79.5% to $37 million.
That is stated to have pressured a girl right into a sexual occasion known as “freak-off” amid Combs' intercourse trafficking and assault on a conspiracy trial in New York. One authorized knowledgeable warned that the optics at launching the tokens permit prosecutors to consider that the suspected intercourse traffickers point out lack of remorse.
The official Diddy Meme (Diddy) was posted on Diddy's X about an hour after its launch as its token skyrocketed to a market capitalization of $181 million. One pockets bought $349,800 value of Diddy earlier than the X-Submit and bought over 60 transactions for revenue value $918,000. That was earlier than the token crashed from practically 79.5% to $37 million over two hours.
Then, you, an artist beforehand often called Kanye West, have reposted a Combs submit including a coronary heart emoji and “#freediddy.” This introduced the instantaneous pump again to $81.5 million and yet one more crash again to $32 million.
🖤#freediddy https://t.co/9qoi7wonut
– ye (@kanyewest) Could 8, 2025
Ariel Givner, a lawyer at Crypto and founding father of Givner Legislation, Decryption Fireplace a meme coin throughout a federal investigation is a “high-risk transfer” that may be thought-about “working or egocentric.”
“The courtroom itself doesn’t usually management the optics; nevertheless, the prosecutors do.” Givner stated, “It could possibly be used very simply to indicate a scarcity of remorse, and even whereas in jail, as an indicator of the continued exploitation of superstar standing for private achieve.”
Givner defined that this might have an effect on Combs' ruling. She additional stated the discharge may hyperlink the music mogul to extra monetary charges.
“From a authorized and moral perspective, it's grotesque to launch a meme coin within the face of the very severe allegations he's going through.” Givner stated, “It disregards the gravity of the accusation and turns public anger into a chance for PR. At greatest, I feel it grabs tone's listening to impaired money.”
Infamous superstar code promoter Sahil Arora claims he’s behind the plan. He stated Decryption That rapper Tory Lanez has linked him with King Combs, son of Combs, who ran a social media account and posted a promotion for Meme Coin. Alora later claims she labored with Ye's supervisor John Monopoly to get a repost for ye. Arora shared a screenshot of Monopoly Instagram messages Decryption.
Neither King Combs nor John Monopoly responded DecryptionRequest a remark.
Alora made his title final yr by serving to former Olympic Video games Caitlyn Jenner launch her personal token. Two days after its launch, Jenner stated Decryption The superstar code promoter was owed her “some huge cash” after being silent following “some wire transfers.”
Since then, Arora has continued to launch meme cash akin to R&B singers Jason Derulo and Rappers Wealthy the Child and Lil Pump. Virtually each time, the token crashed inside hours of launch.
when Decryption When requested if this time was completely different, Arora replied, “Nobody.”
Edited by Stacy Elliott.
