The post Diddy Meme Coin Touches $180 Million as Music Mogul’s Trial Begins appeared on BitcoinEthereumNews.com.

In brief Sean “’Diddy” Combs promoted a meme coin on his X account and was reposted by Ye, formerly Kanye West. The Official Diddy Meme (DIDDY) soared to a $181 million market cap before eventually crashing to $32 million. Crypto attorney Ariel Givner said that prosecutors could see this as Diddy showing a lack of remorse, possibly leading to a harsher sentence if found guilty. The Sean “’Diddy” Combs X account promoted an Official Diddy Solana meme coin on Thursday night. Shortly after, the token pumped to a market cap of $181 million before crashing 79.5% to $37 million in a matter of hours. This comes amid Combs’ sex trafficking and racketeering conspiracy trial in New York, in which he is alleged to have coerced women into sexual events nicknamed “freak-offs.” One legal expert warned that the optics of the token launch could lead prosecutors to believe the alleged sex trafficker is showing a lack of remorse. The Official Diddy Meme (DIDDY) was posted on Diddy’s X approximately an hour after launch as the token soared to a $181 million market cap. One wallet bought $349,800 worth of DIDDY prior to the X post, selling the stash over 60 transactions for $918,000 worth of profit. That was before the token crashed almost 79.5% to $37 million over two hours. Then, the artist formerly known as Kanye West, Ye, reposted Combs’ post adding a heart emoji and “#FreeDiddy.” This prompted a momentary pump back to $81.5 million before yet another crash back down to $32 million. Ariel Givner, crypto attorney and founder of Givner Law, told Decrypt that launching a meme coin while under federal investigation is “a high-risk move” that could be viewed as “manipulative or self-serving.” “Courts themselves don’t typically rule on optics. But prosecutors do.” Givner said, “I could…

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Filed under: News - @ May 9, 2025 7:23 pm