Hacking News
Riot Photo Turned into Coin: PIERRE Suffers Loss
A photo of a man standing guard during France's riots was turned into a meme coin called PIERRE. The coin's market cap increased from $9,700 to over $1.7M in nine hours, with $5.9M traded on Pumpswap in 24 hours. The photo's author, Pierre, is not involved in the coin and has not made any team statement. PIERRE has already dropped 27% from its peak, and the coin's success is attributed to copycat tokens and the volume from the riot photo. The author of the photo, Pierre, tried to stop the looters but failed, and the coin's success is seen as a result of the photo's popularity rather than the coin's intrinsic value.