White House Shooter, a 'Pepe' Fanatic?...Conspiracy Theories Spread About Crime Funding Connection

▲ Pepe (PEPE)/AI Generated Image

Conspiracy theories surrounding the connection between the suspect in the White House Correspondents' Dinner shooting and memecoins are rapidly spreading throughout the virtual asset market.

According to BeInCrypto, a virtual asset specialized media outlet, on April 27 (local time), claims have been raised that circumstances related to the Pepe (PEPE) meme were found in the social media accounts and manifesto of the suspect, Cole Tomas Allen. Some are even interpreting this incident as an organized act connected to memecoin factions, going beyond a simple political crime.

In a manifesto sent to his family just before the crime, Allen referred to himself as a “benevolent federal assassin” and stated that he targeted government officials. Some X (formerly Twitter)-based on-chain analysts raised suspicions that the numerical arrangement in the manifesto resembled the contract address of a specific memecoin. The fact that 'COLE' and 'FFA' tokens were issued and surged on the Solana (SOL) network coinciding with the crime time also fueled controversy.

The core of the conspiracy theory is the claim that Allen was active in the Pepe community in the past, spreading political messages in the form of memes. BeInCrypto also mentioned unconfirmed reports of large-scale PEPE movements from wallet addresses presumed to be linked to Allen. In some online communities, unconfirmed claims that Pepe images were used on equipment at the crime scene even spread, leading to the interpretation of a 'meme war'.

The price of the TRUMP token, named after former U.S. President Donald Trump, also fluctuated sharply immediately after the incident. The price showed extreme volatility, falling by more than 30% in a short period before rebounding. Some even claimed that certain factions created fear to shake the market and profited from bearish bets, but investigative authorities stated that these were groundless speculations.

Currently, Allen is under investigation by the Federal Bureau of Investigation (FBI), and an analysis of the firearms and electronic devices used is underway. Experts point out that a cautious approach is needed regarding the possibility of the overheated culture of memecoin communities connecting to real-world incidents, warning that the spread of unconfirmed information can negatively impact both the market and society.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*