Bitcoin (BTC) and Crypto Markets are still recovering from last week’s carnage, but it looks like the Memecoin fever is alive and good as three big tokens were issued this weekend.

BNB-chain-based TST-Token, issued as a Memecoin of Blockchains Society after a tutorial video on how to issue tokens, zoomed in a market value of $ 300 million, as Binance founder Changpen Zhao referred to the token in several X-positions Even winning a sought after Binance list on Sunday.

Zhao, who stepped out of a formal role in the company last year, said Sunday he wasn’t for or against Memecoins, and the category’s “fun” element makes it appealing to short -term dealers.

“Things with clear tangible value are harder to speculate in. They remain around the clear value,” Zhao said. “This is actually a challenge for RWA. Memes are fun, etc. It’s a cultural thing. I am not an expert in this field. There are plenty of Die-Harde defenders of memes. Don’t go against society. “

Barstools Portnoy Buyer “Jailstool”

David Portnoy, the influential founder of Barstool Sports, jumped into Memecoin frozen on Friday with a coin called “Montoya Por Favor”, inspired by a participant from the Spanish reality show La Isla de las Tentaciones.

Portnoy told his 3.5 million x supporters that he was “up a billion percent” on his first step into the meme -tokens, which helped the coins to bow to a market value of $ 14 million at his highest before he dropped down to a ceiling of $ 1 million within a few hours.

He has now put his sights on a Josh Allen MVP coin with a playful warning, “Buy on your own risk. I just bought it. I will sell it. Don’t buy what you can’t lose.” This coin also shot up and hit a market capital of over $ 12 million before nosing to a capitalization below $ 100,000.

Market surveys at X accused him of led his massive subsequently in a pump-and-dump scheme. But Portnoy defended his trade trip and claimed transparency and even asked humorously whether his actions could land him in prison.

Someone then issued the Jailstool -token, a Nikk to Portnoys Tweet … which Portnoy then bought and promoted to his followers.

“I can dump it in the end, but I will let all of you fair losers dump on each other first. So don’t put in more than you can lose, ”he said.

Jailstool rose from $ 1.2 million to over $ 200 million on peak and even got a spot list on US-based Kraken on Sunday. It deals with 8 cents in Asian afternoon hours Monday at a market value of $ 78 million.

Suspicions rise when the President of the Central African Republic emits a token

Here’s where Meme -Frenzy gets crazy – a whole African country has decided to get into the fun when the Central African Republic apparently issued its car Memecoin this weekend.

Car was launched with a promise to help with national development and to put one of the poorest countries “on the world stage,” said its president of X. Token’s market capital rose to about $ 527 million shortly after issue, almost a quarter of the country’s GDP at 2.6 billion dollars.

“As the second president of the world to adopt Bitcoin as a legal bid, I have always recognized the potential of crypto and its benefits worldwide,” Faustin-Archange Touadéra said, linking to the car’s site.

But suspicions abound from the car’s issue, where the site’s domain provider takes it down late Sunday, and some X users claimed Touadéra’s video was a deepfake.

Solana decentralized exchange Jupiter said early Monday that it had reached car representations for further validity of the token and its official connection to the country.

Jupiter said it was able to verify the token’s implementors using an onchain transaction, but further confirmation and accurate relation to the president’s office remains pending from Asian afternoon hours.