John McAfee’s widow, Janice Elizabeth McAfee, has allegedly launched a memecoin in her late husband’s honor because the memecoin frenzy, galvanized by US President Donald Trump’s weekend token launch, continues to develop.
McAfee announced the token launch by way of her late husband’s X account on Jan. 23, writing, “You didn’t assume I’d miss this cycle, did you?” Throughout his life, McAfee was an ardent supporter of cryptocurrency, significantly Bitcoin (BTC), and its capability to scale back state energy over the monetary system.
Preliminary reactions from the crypto group on X have been optimistic, however later evaluation revealed that 90% of the token’s 100 million provide had already been distributed to a whole bunch of various wallets, with only a small quantity despatched to 2 buying and selling swimming pools.
Some weren’t offered on the revival of John McAfee’s account — or the memecoin in any respect. Notably, Charles Hoskinson, creator of the Cardano blockchain, reacted with sarcasm to the launch put up on X: “John being resurrected as a doubtful AI crypto rip-off [is] probably the most John McAfee factor attainable.”
Supply: Charles Hoskinson
The token’s website describes its lore, saying that “in a world overrun by surveillance states, company greed and digital enslavement, the AIntivirus is the last word disrupter.” The challenge references the John McAfee AI Incarnate, claiming AI is “constructed to defend digital freedom and keep it up [McAfee’s] mission. It’s not simply safety — It’s retaliation.”
Based on the Cointelegraph index, the AIntivirus token (AINTI) is up 2,260% since launch.
Vine co-founder additionally launches memecoin; merchants see massive beneficial properties
Vine co-founder Rus Yusupov additionally launched a memecoin on Jan. 23, aptly titling it Vinecoin (VINE) and capitalizing on hypothesis that the shuttered app will relaunch on X. Yusupov made the announcement by way of his official X account:
“Remembering all of the enjoyable we had constructing vine — Let’s relive the magic and DO IT FOR THE VINECOIN.”
Based on the Cointelegraph index, VINE is the highest memecoin gainer of the day, rising 181,000% in lower than 24 hours. It has caught the eye of the crypto group, and a few merchants have scored massive. As an example, one dealer notched an unrealized revenue of $4.5 million — even after lacking the primary massive rally.
Vine was shuttered in 2017 after its dad or mum firm, Twitter, couldn’t discover a option to monetize it. After Elon Musk purchased Twitter in 2022, he has publicly weighed bringing again Vine and its six-second, looping movies that when made the app some of the widespread on this planet.
One other Vine co-founder, Dom Hoffman, distanced himself from the memecoin, writing on X, “I’m not concerned and can by no means be concerned with any meme coin.”
President Trump places deal with memecoins
US President Donald Trump launched his memecoin on Jan. 17, placing the highlight on these speculation-driven crypto belongings. After his memecoin, Official Trump (TRUMP), soared into the highest 30 cryptocurrencies by market capitalization, many have been left questioning if this signaled a brand new period in crypto — one the place anybody may launch a memecoin with none penalties.
As Cointelegraph reported, the TRUMP memecoin pushed Solana addresses to new all-time highs, and different stories have said that Solana decentralized trade exercise reached document ranges. Coinbase had a backlog of Solana transactions, and main gamers within the Solana ecosystem struggled with the visitors.
Nevertheless, legal professionals expect the memecoins might be sued, and Maxine Waters, a US lawmaker representing California, mentioned the Trump memecoin poses a threat to nationwide safety and opens the door to corruption.
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