Jan 30, 07:39 PM

Ryan Garcia's Memecoin $RYAN Hits $250M Market Cap, Then Tanks Over 90% Amid Charity Claims

Boxer Ryan Garcia has launched a new memecoin, $RYAN, which quickly garnered attention by reaching a market cap of $250 million shortly after its debut. However, the token's value has since plummeted by over 60% from its all-time high, with reports indicating that 75% of the supply was concentrated in just five wallets at the time of launch. Despite the initial hype, the token's price has dropped significantly, raising concerns among investors. Garcia had promoted that 40% of the $RYAN supply would be allocated to charity, but the token's rapid decline has led to skepticism about its sustainability and the intentions behind its launch.

#Ryan Garcia #Garcia

Written with ChatGPT (GPT-4o mini).