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The Defiant 2025-01-23 17:05:26

Ross Ulbricht Memecoin Plummets 90% Upon Presidential Pardon

President Donald Trump pardoned and released Ross Ulbricht, the founder of Silk Road, on Jan. 21, and while most of the crypto community is celebrating the milestone, ROSS memecoin holders are probably not as thrilled. The unofficial ROSS memecoi n, which tapped an all-time high of $40 million on the news of his release, quickly plummeted down 90% and is currently changing hands at a $2.2 million market capitalization. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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