’Justice for Celeste’ Tokens Spark Ethical Debate in Crypto Community

The cryptocurrency market has reached a controversial milestone with the emergence of 'Justice for Celeste' tokens following the tragic death of 15-year-old Celeste Rivas Hernandez. Dozens of memecoins bearing her name have flooded decentralized exchanges, with some achieving nearly $1 million in market capitalization within hours of launch.

While creators claim these tokens aim to raise awareness and donations, the crypto community remains divided. Many view the phenomenon as exploitative, capitalizing on a sensitive tragedy for financial gain. The top-performing token reached a $432,000 market cap at press time, demonstrating significant trading activity despite ethical concerns.

This incident highlights the ongoing tension between crypto's permissionless innovation and social responsibility. The market's rapid response to trending news stories continues to test the boundaries of ethical token creation, particularly when involving sensitive real-world events.