White House Shooter, 'Pepe' Fanatic?...Conspiracy Theories Spread Regarding Crime Funding

▲ Pepe (PEPE) / AI-generated image

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

According to BeInCrypto, a virtual asset media outlet, on April 27 (local time), claims have been made that evidence related to the Pepe (PEPE) meme was found in the social media accounts and manifesto of the suspect, Cole Tomas Allen. Some even interpret this incident not as a simple political crime but as an organized act connected to memecoin factions.

Allen, in a manifesto sent to his family just before the crime, 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 array 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 time of the crime also fueled the 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 meme form. BeInCrypto also mentioned unconfirmed reports of large-scale PEPE movements from a wallet address presumed to be linked to Allen. In some online communities, unconfirmed claims that Pepe images were used on equipment at the crime scene also spread, leading to interpretations of a “meme war.”

The price of TRUMP tokens, 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 forces aimed to create fear, destabilize the market, and profit 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 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 with 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 any investment losses based on it. The content should be interpreted for informational purposes only.*