MEMECOIN MADNESS RETURNS AS BARSTOOL SPORTS, BNB CHAIN, AND AN ENTIRE AFRICAN COUNTRY DABBLE WITH MEME TOKENS

Summary from the TLDR Crypto newsletter

Memecoins have yet again taken center stage, with a BNB chain tutorial token (TST) reaching a $300 million market cap and getting a Binance listing after it was used in a video and mentioned by founder Chengpeng Zhao. Barstool Sports' David Portnoy promoted JAILSTOOL, which peaked at $200 million and has since fallen. Most surprisingly, the Central African Republic's president announced a national memecoin (CAR) that surpassed a $500 million market cap, though questions about its authenticity remain.