Rapper Pitbull, also known as Armando Christian Perez, has officially announced his new album titled Pitcoin. The release is scheduled for early October, but the speculative wave in the crypto community did not take long to arrive: meme coins created in honor of this event surged roughly 100% in price within just 24 hours. The daily trading volume for one such token exceeded $583,000.
My analysis shows that the main PITCOIN coin began trading in the Solana (SOL) pool literally a few minutes after the album's name became known on August 12. This is a classic example of how a news hook is instantly monetized in the crypto space, especially against the backdrop of high volatility and interest in meme coins.
Token copies and market dynamics
The PITCOIN token on PumpSwap shows liquidity of $54,387, with daily trading volume approximately 14 times higher than that of its closest competitor among similar tokens. A new version of Pitcoin also appeared in the Uniswap V4 pool on the Robinhood network, and within less than seven hours its value rose by 207%. The market capitalization of this token reached $35,475.
However, it is important to emphasize: none of these coins have received personal approval from the artist himself or his label. Most copies under the name Pitcoin remain unnoticed, and many of them have a market cap that does not even reach $3,000. Pitbull's post on X garnered 115,500 views, and the rapper himself invited fans to visit the album pre-order page, which only fueled the hype.
A standard scenario for meme coins
This case repeats a familiar dynamic. In February 2025, Elon Musk posted an image of Dogefather, and within just a few hours developers launched new meme coins, two of which surged in price by 122% and 137% within minutes. A similar situation occurred in May when Musk changed his X handle to Gorklon Rust — Gork tokens skyrocketed by 7,000%.
Kanye West faced a similar phenomenon ahead of the YZY project launch. He warned his followers that all cryptocurrencies named after him were fakes. But in August last year, the rapper actually launched his own YZY token, confirming that even warnings do not stop speculators.
My expert conclusion: The meme coin market continues to operate by the rules of instant reaction to news hooks, and the Pitcoin announcement is just another confirmation of this trend. However, investors should be extremely cautious: without official support from the artist, most such tokens are doomed to rapid depreciation, and only a few manage to catch the moment of the "gold rush."