Memecoins dominated the crypto scene this weekend, with major launches in America, Asia, and Africa. From viral community tokens to a national memecoin, here’s what happened.
Memecoins Surge Despite Market Uncertainty
While Bitcoin and the broader crypto market are still recovering from last week’s downturn, memecoins are thriving. Over the weekend, three major tokens—TST, JAILSTOOL, and CAR—saw explosive growth, attracting traders worldwide.
TST Token Skyrockets After Binance Listing
The BNB Chain-based TST token gained massive attention after a community-driven tutorial on issuing tokens led to its creation. Binance founder Changpeng Zhao (CZ) mentioned TST in several X posts, fueling its surge to a $300 million market cap.
Although CZ distanced himself from memecoins, he acknowledged their appeal, saying, “Memes are fun… it’s a cultural thing.” By Sunday, Binance officially listed TST, further boosting its popularity.
Barstool’s Dave Portnoy Fuels Memecoin Hype
Barstool Sports founder David Portnoy jumped into the memecoin trend, launching multiple tokens, including:
✔ “Montoya por favor” – Peaked at $14 million before crashing to $1 million.
✔ Josh Allen MVP Coin – Briefly hit $12 million, then dropped under $100,000.
✔ JAILSTOOL – Created as a joke after Portnoy’s controversial trading spree, it skyrocketed from $1.2 million to $200 million before stabilizing.
Despite accusations of a pump-and-dump scheme, Portnoy defended himself, saying, “I may dump it eventually, but I’ll let you righteous losers dump on each other first.”
By Monday, JAILSTOOL had secured a Kraken listing and was trading at 8 cents, with a market cap of $78 million.
Central African Republic Joins the Memecoin Craze
In a surprising turn, the Central African Republic (CAR) launched its own memecoin over the weekend. President Faustin-Archange Touadéra claimed the token aimed to support national development and showcase CAR on the global stage.
The token’s market cap hit $527 million, nearly 25% of CAR’s GDP. However, controversy quickly followed:
🚨 CAR’s website was taken down on Sunday.
🚨 Some users claimed the president’s video was a deepfake.
🚨 Jupiter Exchange is investigating the token’s legitimacy.
As of Monday, official confirmation of CAR’s involvement remains unclear.
The Future of Memecoins: What’s Next?
Memecoins continue to dominate headlines, drawing both excitement and skepticism. While some see quick profits, others warn of manipulation and risk. With new projects launching daily, traders should approach memecoins with caution and realistic expectations.
