Kissinger Meme coin appears and surges in the cryptocurrency market after his death

The cryptocurrency world reacted quickly to the death of former US Secretary of State Henry Kissinger, with traders creating and speculating on several Kissinger-themed meme coins.

In the 24 hours after Kissinger passed away, the new token generated more than $307,000 in trading volume. The most notable wrapped Ethereum token experienced a dramatic 5,700% surge in the first hour on Uniswap, but later gained 177%.

Trading for a minuscule value of $0.000000001649, this coin illustrates the volatile nature of such a speculative asset.

These variants of the Kissinger coin have also appeared on other blockchain networks, including Solana and the BNB chain, along with versions with creative names like “Henry Kissinger Dr. Evil” and “Kissinger69ObamaBidenInu420.”

However, these coins are part of a broader trend in the crypto space where ‘degen’ traders are leveraging the deaths of notable individuals to create extremely volatile tokens that often crash quickly after an initial surge.

Characterized by quick profits and high risk, these activities highlight the speculative and often unpredictable nature of certain sectors of the cryptocurrency market.

Kissinger, who is known to have no direct ties to the cryptocurrency world, became the subject of these meme coins posthumously, reflecting the modern phenomenon of public figures’ legacies being unexpectedly intertwined with digital asset trading.

As this trend gains momentum, it raises questions about the ethical implications and long-term viability of meme coin culture within the broader cryptocurrency ecosystem.