Meme coins swing wildly as Zerebro, Fartcoin, and Lofi diverge
The post Meme coins swing wildly as Zerebro, Fartcoin, and Lofi diverge appeared on BitcoinEthereumNews.com.
Developer-linked wallet sold $1.27M worth of ZEREBRO tokens. Fartcoin struggles to hold key support after recent rally. Technical charts suggest further swings are likely across tokens. The meme coin market is experiencing heightened volatility, with projects like Zerebro, Fartcoin, and Lofi all moving sharply in opposite directions. Zerebro (ZEREBRO) has plunged over 22% this week following a series of developments involving its developer, Jeffy Yu, including a staged death hoax and a large-scale token dump. Meanwhile, Fartcoin is undergoing a correction after briefly touching a $1 billion market cap. In contrast, Lofi has emerged as a breakout performer in the SUI ecosystem, soaring over 321% in the past 30 days and gaining significant investor traction. The divergence reflects growing speculation and risk across meme coin trading desks. Zerebro developer hoax triggers $1.27M token dump Zerebro (ZEREBRO), which launched in November 2024 with a maximum supply of 1 billion tokens, has seen its value tumble after a controversial episode involving its creator. A token named $LLJEFFY was introduced on May 4, accompanied by a blog post from developer Jeffy Yu. Days later, a fake obituary was posted on Legacy.com, and both Jeffy’s and Zerebro’s official X accounts were deleted, fuelling rumours of his death. The situation escalated when crypto figure Daniele Sesta publicly claimed that Yu was alive, later presenting proof. Jeffy then confirmed he had faked his death in an attempt to escape mounting online harassment. Notably, on-chain data from Lookonchain revealed that a wallet connected to Yu sold 35.55 million ZEREBRO tokens, worth approximately $1.27 million, just 11 hours before the hoax was exposed. ZEREBRO’s price has since declined to around $0.035 as it approaches a potential death cross on technical charts. A further drop below the $0.025 support could send it down to $0.0189. Source: CoinMarketCap However, if…
