Zerebro Faces Extreme Volatility Amid Developer Controversy and Major Sell-Off, While Other Meme Coins Show Mixed Performance

• ZEREBRO tumbles 22% this week amid fake death hoax and a $1.27M token dump by developer Jeffy Yu, sparking extreme volatility.

• FARTCOIN slips below $1B market cap after 11% weekly drop, with support at $0.944 critical for avoiding deeper losses.

• LOFI surges 321% in 30 days, climbing the SUI meme coin ranks as bulls eye resistance at $0.042 for the next breakout.

Meme Coins To Watch today include ZEREBRO, FARTCOIN, and LOFI, each showing high volatility and unique catalysts. ZEREBRO is down over 22% this week, shaken by the controversy surrounding developer Jeffy Yu and a major $1.27M token dump.

Zerebro (ZEREBRO)

• Launch Date – November 2024
• Total Circulating Supply – 999.95 Million ZEREBRO
• Maximum Supply – 1 Billion ZEREBRO
• Fully Diluted Valuation (FDV) – $36.53 million

Zerebro has plunged nearly 22.5% over the past seven days, driven by intense controversy surrounding its developer, Jeffy Yu. According to a thread by Lookonchain posted on X, the situation began on May 4 with the launch of a token called $LLJEFFY, accompanied by a Mirror article from Jeffy referencing it.

Days later, an obituary for Jeffy Yu appeared on Legacy.com, and his personal X account and Zerebro’s official X account were deleted. The situation escalated until Daniele Sesta publicly claimed Jeffy was still alive, presenting evidence. Jeffy later confirmed he had staged a fake death video as a way to “permanently disappear” due to ongoing harassment and online hate.

Adding fuel to the fire, a wallet likely linked to Jeffy Yu sold 35.55 million $ZEREBRO, worth approximately $1.27 million, just 11 hours ago.

Technically, ZEREBRO is on the verge of forming a bearish death cross, as its EMA lines approach a downward crossover. If this bearish structure confirms, the token could slide to test support at $0.025, and a breakdown below that may drive it further down to $0.0189.

Conversely, if buyers step in and reverse the trend, ZEREBRO could first retest the $0.041 resistance.

A breakout there would open the path to $0.054 and potentially $0.066, but market sentiment remains fragile amid the surrounding drama, making it one of the most relevant meme coins to watch today.

Fartcoin (FARTCOIN)

• Launch Date – October 2024
• Total Circulating Supply – 999.99 Million FARTCOIN
• Maximum Supply – 1 Billion FARTCOIN
• Fully Diluted Valuation (FDV) – $998.58 Million

FARTCOIN, one of the most talked-about meme coins in recent months, is finally showing signs of a pullback after defying broader market trends several times.

The token is down nearly 11% over the last seven days, including an 8% drop in the past 24 hours alone.

After recently hitting a $1.1 billion market cap, FARTCOIN has been hovering around the critical $1 billion mark—losing and regaining it multiple times in the last few hours.

From a technical standpoint, if the current correction deepens, FARTCOIN could fall to test the $0.944 support level. A break below that may open further downside to $0.797 or even $0.717.

On the flip side, a strong bounce and renewed buying interest could send the token back up to $1.06.

If that resistance is cleared, FARTCOIN may aim for $1.20 and potentially $1.28, reigniting the bullish narrative that has driven its rise so far.

LOFI

• Launch Date – December 2024
• Total Circulating Supply – 1 Billion LOFI
• Maximum Supply – 1 Billion LOFI
• Fully Diluted Valuation (FDV) – $33.06 Million

LOFI is currently the third-largest meme coin in the SUI ecosystem, boasting a market cap of $33 million and a 13% gain in the last 24 hours.

It’s also up an impressive 321% over the past 30 days, reflecting strong momentum as the SUI meme coin space heats up.

With the top positions in the ecosystem still wide open, LOFI is actively pushing to claim a leadership role.

Technically, if LOFI’s uptrend continues, it could push toward resistance at $0.042, and a successful breakout there may send it further up to $0.0546.

However, if the rally loses steam, the first key support lies at $0.025. A breakdown below that could trigger a deeper correction toward $0.0228.

Conclusion

As the cryptocurrency market continues to evolve, staying informed about key developments in meme coins like ZEREBRO, FARTCOIN, and LOFI is critical. These coins not only exemplify the inherent volatility of the crypto landscape but also present unique investment scenarios for traders and enthusiasts alike. Pay attention to the aforementioned support and resistance levels, as they could be pivotal in determining the future direction of these assets.