“Luigi Coin” rose to 0.0032 by 18% after US prosecutors officially told the court that they wanted the death penalty for Luigi Mangionene, the man accused of killing United Healthcare CEO Brian Thompson.
Luigi Mangione Coin also surged 8% in market capitalization to $3 million, seeing trading volumes of over $3 million within 24 hours.
This surreal surge comes as the market's appetite for risky assets has been revived thanks to the recent inauguration of Paul Atkins as SEC Chairman. At the same time, Bitcoin is returning to the $90,000 level, and Ethereum is leading other altcoins to the Bull Rally as they approach the $2,000 level.
MemeCoins is back in the spotlight
MemeCoins has added a bullish atmosphere to the rest of the Crypto market. All in all, Trump's official Memecoin rose the most in the last 24 hours, up 9%, after US President Donald Trump announced a special dinner for those who own Memecoin.
Furthermore, Doge, the OG Crypto Memecoin, rose 4%, while Shib, the most similar Coin to Doge, rose 5% over the past 24 hours. Pepe, the third biggest meme coin, also rose 4% due to optimistic market sentiment.
Top memokine. Source: CoinMarketCap
Other famous Memecoins like Bonk, Floki and Wif have also seen a surge of 9%, 12% and 18% respectively. However, it's a break for Fartcoin, as it rose more than 77% last month while most Memecoin is opposed to the trend.
Chain data shows that the total market value of Memecoin has risen 6.18% today to $56.06 billion. Over the past 24 hours, $8.83 billion worth of meme coins have been traded.
Public response to Luigi Mangione's death penalty
Luigi Coin once again attracted a lot of attention for the new development of the Luigi Mangione incident. The 26-year-old graduates from the University of Pennsylvania and is charged with killing Brian Thompson in Manhattan before dawn last year.
Thompson was shot dead while walking to the Hilton Hotel for his company for the annual investor meeting. Police say it was a planned attack.
Five days after the crime, Mangione was caught at McDonald's, about 300 miles away in Altoona, Pennsylvania. Police found him with a fake ID, a ghost gun with a silencer, and a three-page statement he wrote by hand.
Netizens are still upset with Mangione, but not all fully agree with the death penalty. One said, “I'm against the death penalty because it's an easy path. I really hope that I'll do something with El Salvador for violent criminals.
The comments are linked to President Donald Trump's desire to send violent American citizens to prisons in El Salvador. He told Salvador's President Naive Bukere that “five more places have to be built” to hold possible newcomers.
Another said, “But it's not the school shooter… right… the legal system is better to maintain the same energy as the FSU school shooter, who is also the son of the sheriff today!” This is tied to Phoenix Echner, a student at FSU and the son of the Leon County deputy sheriff. He is accused of shooting the person.
Netizens seem to fear that the death penalty will start the same trend in the coming years. But others think what Mangion did is unfair, and he deserves death penalty.
