Sean ‘Diddy’ Combs sparked controversy by promoting the Official Diddy Meme (DIDDY) token on X, which surged to a $181M market cap before plummeting 79.5% in hours. The timing coincides with his federal sex trafficking trial, with legal experts suggesting prosecutors may view the stunt as a lack of remorse. Crypto attorney Ariel Givner warned it could lead to harsher sentencing or additional financial charges. Promoter Sahil Arora claims involvement, linking the scheme to Diddy’s son and Ye’s manager, though both deny comment. Arora, known for similar celebrity token flops, admitted DIDDY wasn’t a long-term project.
about Diddy's Meme Coin Soars, Crashes Amid Legal Woes