The LUCE token, inspired by Vatican themes, unexpectedly surged by 101% following the official announcement of Pope Francis’ death on April 21.
LUCE Token's Rise Due to Pope's Death News
The LUCE token, which is a meme cryptocurrency, recorded a sharp increase in price of 101.13% after the Vatican's official announcement regarding Pope Francis’ death. This event occurred on April 21.
Impact on Trade Volume and Market Capitalization
The trading volume for the LUCE token surged by 413%, reaching $42.7 million. The market capitalization exceeded $14.7 million, indicating significant trader interest in this cryptocurrency.
History of LUCE Token and Its Connection to the Vatican
The LUCE token was launched in 2024 on the Pump.Fun platform in Solana and is based on the character 'Luce', created by Simone Legno, co-founder of the Italian pop culture brand tokidoki. According to Archbishop Rino Fisichella, the token is part of the Vatican’s efforts to engage with youth-oriented pop culture.
The LUCE token illustrates how events involving prominent figures can impact the cryptocurrency market. Interest in meme tokens continues, despite analysts' warnings about the need for caution.
