In a significant development, former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison for fraud, marking a historic moment for the market. Amidst this turmoil, a memecoin named Sam Baseman Fraud, with the ticker FTX, was launched on the Coinbase layer-2 network Base just hours before the sentencing.
“Following the misuse of billions, both FTX and Alameda Research crumbled, marking one of the most dramatic collapses in crypto history.”. It surged to a $20 million market cap, up 18,000% from its $30,000 launch value, but then plummeted by over 95%.– He would have missed at least another 6 Bull marketsSolana’s memecoin surge
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