Conservative activist Charlie Kirk’s death has ignited the crypto market with tokens bearing his name surging over 50,000% in value before crashing sharply.
Within hours of the incident, meme-style crypto tokens like “RIPCharlieKirk” and “JusticeforCharlie,” flooded platforms like Solana’s pump.fun.
Charlie Kirk Tokens: Explosive Gains and Swift Declines
The “RIPCharlieKirk” token, launched shortly after Kirk’s death broke, surged by an astonishing 53,000%.
Its market capitalization soared from under $22,000 to over $5 million in just 45 minutes.
Similarly, the “JusticeforCharlie” token climbed more than 32,000%, reaching a $7 million market cap within hours.
These prompted a speculative trading rush and early investors flipped positions for rapid profits.
However, the hype did not last long.
Both tokens experienced dramatic pullbacks with “RIPCharlieKirk” and others losing significant value within hours.
Dozens of copycat tokens also emerged, contributing to extreme volatility and raising concerns about market manipulation.
A Pattern of Politically Charged Meme Coins
The surge in Kirk-related tokens is extremely similar to other politically themed meme coins capitalize on high-profile events.
Similar patterns have been seen with tokens tied to figures like Donald Trump and Joe Biden.
Many of these often experience brief, headline-driven spikes followed by steep declines.
Analysts note that these tokens typically lack fundamentals, such as development teams, roadmaps, or utility, making them high-risk speculative plays.
The rapid launch of Kirk-inspired tokens has sparked outrage, with critics labeling them as exploitative scams that profit from tragedy.
Late Charlie Kirk is a prominent American conservative activist and a media personality known for his influence among young conservatives.
His death is currently under investigation.
