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‘Alive and well:’ Solana memecoin honoring 193-year-old tortoise Jonathan rallies following April Fools’ prank

The Block
A Solana memecoin celebrating the 193-year-old tortoise Jonathan experienced a significant price surge after false reports of his death on April Fools’ Day.

Summary

A Solana-based memecoin, $JONATHAN, created to honor Jonathan, the world’s oldest living land animal, saw a dramatic price increase on Wednesday following a hoax claiming his death. The surge, a nearly 1,400% jump in an hour, was triggered by a fake post on X impersonating Jonathan’s veterinarian. While the token’s price has since corrected, the incident highlights the volatility of memecoins and their susceptibility to social media manipulation. The hoax was quickly debunked by officials, confirming Jonathan is “alive and well.” This event is part of a broader trend of memecoin launches exploiting social media frenzies, but $JONATHAN is unique in that it was created months prior using a memecoin generator.

(Source:The Block)