After the tragic shooting of Israeli Embassy staffers Yaron Lischinsky and Sarah Milgrim, crypto enthusiasts created a meme coin named $ELIAS in honor of the alleged gunman, Elias Rodriguez. Despite its grotesque origin, the coin experienced volatility; its market cap soared to $368,000 before plummeting to $24,000 within 24 hours. Rodriguez was arrested shortly after the incident, facing multiple charges including first-degree murder, highlighting both the incident's gravity and the disturbing trend of monetization in the wake of violence.
The launch of meme coins $ELIAS just hours after a tragic shooting highlights a disturbing trend where crypto traders capitalize on violence for profit.
The arrest of Elias Rodriguez for the shooting of two Israeli staffers coincided with troubling market activity surrounding a meme coin created in his name.
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