On December 8th, according to GMGN market data, the meme token Franklin saw 9,310 transactions in the past hour, making it the most actively traded meme coin on the entire network. Furthermore, its market capitalization rebounded above $13 million, currently trading at $13.17 million, with a 24-hour trading volume of $19.8 million.
The Franklin token icon features Franklin the Turtle from the classic children's animated series "Franklin and Friends." A political satire meme posted by Trump administration War Secretary Pete Hegseth quickly went viral on X. He parodied the classic children's book "Franklin the Turtle" as "Franklin Fights Drug Cartel," depicting the fully armed turtle firing on a drug cartel vessel from a helicopter, accompanied by the caption "Best Christmas present." As a retired military officer and staunch hardliner, Hegseth's use of this to suggest a stance of using force against drug cartels aligns with his long-standing emphasis on border security narratives. The post instantly ignited social media, while opponents fiercely criticized it in the comments section, calling it "offensive" and "war-loving," reflecting the long-standing partisan divide in the United States on foreign policy and border issues.
BlockBeats reminds users that Meme coins have few real-world use cases, their prices fluctuate greatly, and investment should be approached with caution.
