Markets· ★★· neutral·

Montreal 'raccoon guy' earns over $110,000 in fees from Pepper memecoin

  • —Pepper peaked near $2.8 million on Oct. 14-15 and fell to about $240,000 by Wednesday
  • —Berman spent roughly $20,000 on personal expenses and debt, with the rest earmarked for an animal sanctuary
  • —Quebec regulator AMF warned investors about Pump.fun on Sept. 25, saying it is not registered in the province
  • —A GoFundMe set up for Berman had raised only about $3,500
Why it matters: The case highlights memecoin risks on Pump.fun: creators collect fees while investors can lose money with no legal recourse.
Source: Bing News (crypto query)