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Sunstone Metals one step closer to El Palmar resource amid strong trenching results

SUNSTONE METALS LTD

Sunstone Metals Ltd (ASX:STM) managing director Patrick Duffy joins Elisha Newell in the Proactive studio soon after completing a site visit at the company’s gold and copper prospects in Ecuador.The precious and base metal explorer is progressing towards a sizeable maiden resource at its El Palmar T1 porphyry discovery, where recent assays from trenching revealed substantial surface mineralisation.Notable results include 40.4 metres at 0.86 g/t gold and 524 ppm copper in trench P6-7d and 21 metres at 0.34 g/t gold and 714 ppm copper in trench P6-7c, with both trenches open on all sides.Commenting on the gold and copper findings, Duffy highlighted the extent and shallow nature of the El Palmar mineralisation — characteristics which are certain to guide the explorer’s future drilling programs.Beyond the next phase of work, Sunstone plans to incorporate the trenching assays into a maiden resource, assess the potential for mineralisation beyond the original T1 target and test targets T1, T2, and T5.The news comes soon after the company announced it was raising up to $6.3 million from new and existing institutional, professional and sophisticated investors to support its Ecuadorian exploration programs.An oversubscribed placement in early May brought in a $2 million war chest, while a non-renounceable rights issue could raise up to $4.3 million before costs.Proceeds will help Sunstone resume drilling operations at the Limon epithermal discovery and sustain exploration across the El Palmar and Verde Chico sites. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

May 17, 2024 12:15 PM Eastern Daylight Time

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ARway.ai Announces Strategic Partnerships with Ershad Technologies and Walkk

ARway.ai

ARway.ai Chief Product Officer Shadnam Khan joined Steve Darling from Proactive to announce two new strategic partnerships with Ershad Technologies and Walkk. Ershad Technologies, based in Saudi Arabia, is a technology agency specializing in advanced augmented reality (AR) technologies. They focus on delivering immersive AR experiences on mobile platforms, providing comprehensive implementation services aimed at improving visitor experiences and enhancing marketing solutions through the strategic use of AR technology. Walkk, a 3D and AR-focused technology startup based in Oman, has joined ARway as a developer. Walkk is set to develop and deploy an indoor navigation app for the Comex 2024 Global Technology Show, taking place from May 27-30 in Oman. The partnership aims to showcase the capabilities of Walkk and ARway to secure new projects in the Oman market. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 17, 2024 11:48 AM Eastern Daylight Time

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Arrow Exploration says first horizontal drilling at Tapir marks 'a step change' in production

Arrow Exploration Corp

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) CEO Marshall Abbott discusses the first horizontal well at the company's Tapir project in Columbia after it spud the CNB HZ-1 well. Abbott said the successful spudding of the well followed extensive planning and reservoir simulations that have been carried out over the past year. The company has leveraged expertise amounting to 400 horizontal wells of experience. He said the horizontal drilling is expected to be transformative as it will expose 550 meters of the reservoir, significantly more than the 15 feet exposed by vertical wells, thus enhancing oil recovery with less effort and reducing water intrusion. The initial horizontal well, followed by a vertical water disposal well, is part of a strategy to potentially drill up to ten horizontal wells. Production is anticipated to begin in early June, with gradual increases to prevent sand production. Arrow has dedicated disposal wells for water production and plans to produce clean oil with multiple buyers lined up, expecting favourable netbacks due to a $15 discount to Brent and a 12% royalty rate. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 17, 2024 11:45 AM Eastern Daylight Time

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Quetzal Copper Announces Positive Sampling Results and Upcoming Drill Program at Cristinas Project

Quetzal Copper

Quetzal Copper CEO Matthew Badiali joined Steve Darling from Proactive to announce the results of the due diligence surface rock sampling campaign and geophysical survey at the Cristinas Project in Chihuahua, Mexico. The Cristinas Project includes a historic copper mine that operated in the 1950s on shallow copper oxide mineralization. This project features a 1,250-meter-long zone of copper mineralization traced through rock chips on the surface and 12 historical drill holes. The copper mineralization is open along strike and at depth, with significant expansion potential highlighted by limited geophysical surveys. As part of the due diligence of the Cristinas Project, Quetzal collected 18 rock chip samples across prospective target areas around the historic Cristinas Mine. The surface rock sampling results showed copper values ranging from 0.1% to 7.0%, primarily in copper oxides. Notably, only four of the samples returned less than 1.0% copper, with the highest grade of 7.0% copper coming from a narrow vein located 1,550 meters northwest of the historic Cristinas mine workings. The team identified one vein with sufficient exposure to collect multiple samples across its width within the historical mine area. This sampling resulted in a 3.8-meter true width based on the mapped geometry of the vein, grading 2.42% copper and 162 g/t silver. Quetzal is preparing to commence a drill program at the Cristinas Project in May. The company plans to undertake a 1,500-3,000 meter initial drill program, which will include downhole EM surveying to refine geophysical targets. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

May 17, 2024 11:34 AM Eastern Daylight Time

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Tackling Childhood Peanut Allergies

YourUpdateTV

Right now, more children in the U.S. are living with peanut allergy than ever before, and approximately 75% will not outgrow their allergy. Recently, Pediatric Allergist, Dr. Douglas Mack, and Sarah Korieshi, the Mother of a peanut allergic child, participated in a nationwide satellite media tour to discuss the impact on children and innovative new treatment options that can help. A video accompanying this announcement is available at: https://youtu.be/5uKicnsGHv8 The repercussions of this condition are profound, extending beyond mere dietary restrictions to impacting a child's daily life, social interactions, and overall well-being. The constant fear of accidental exposure and the potential for severe allergic reactions can also be extremely difficult for families to navigate. The increase in prevalence over the past 20 years has driven a growing need for effective treatment options to manage the condition. For doctors, that means treatments that reduces the likelihood of an allergic reaction in the case of accidental exposure, and treatments that work within the lifestyle of the child and family. The good news is that recent years have brought about a spate of new innovations in the allergy space. For example, there is currently an ongoing clinical trial evaluating Viaskin TM Peanut, a patch containing the equivalent of one one-thousandth of one peanut kernel. The patch is applied each day to a child’s back in order to build up a tolerance to peanut protein, making it less likely that a child will have a reaction after an accidental exposure. For parents, a treatment like this would be life-changing, as a non-invasive option – something that can be incorporated into our busy lives, without any restrictions to regular activities. Having access to a treatment option that allows children and parents to participate in typical activities for a child, such as birthday parties, sports activities, attending camp, or even school, would give parents peace of mind and children the care-free life they deserve. For more information, visit vitesseallergystudy.com About Dr. Douglas Mack Dr. Mack is co-author of clinical guidelines on the prevention of allergy, oral immunotherapy and anaphylaxis and focuses on oral immunotherapy for food at Halton Pediatric Allergy clinic. Dr. Douglas Mack has been a pediatric allergy, asthma, and immunology specialist for over 10 years. Dr. Mack is an assistant clinical professor in the Department of Pediatrics at McMaster University and is an affiliate of Sick Kids. He sits on the board of directors at the Canadian Society of Allergy and Clinical Immunology. He is co-author of clinical guidelines on the prevention of allergy, oral immunotherapy, and anaphylaxis. Dr. Mack is co-founder of Halton Pediatric Allergy clinic where his focus is on oral immunotherapy for food. About Sarah Korieshi Sarah learned that her daughter Zara had a deadly peanut allergy when she was just 9 months old. The first thing she thought was, not only how life-threatening eating a food can be, but also living with the constant fear of what may happen every time she eats. There has always been constant fear with how unpredictable a reaction can be, and the anxiety that comes with solely relying on avoidance really takes a toll. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 17, 2024 10:09 AM Eastern Daylight Time

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Dosing Begins in Lexaria's Comprehensive GLP-1 Animal Study

Lexaria Bioscience Corp.

Study WEIGHT-A24-1 will evaluate DehydraTECH-processed pure semaglutide and liraglutide   Will DehydraTECH processing result in higher brain absorption of GLP-1 drugs?     Kelowna, British Columbia – May 17, 2024 – TheNewswire – Lexaria Bioscience Corp. (Nasdaq: LEXX & LEXXW) (the “Company” or “Lexaria”), a global innovator in drug delivery platforms announces that d osing has begun in the 12-week animal study WEIGHT-A24-1 (the “ Study ”) to model diabetes treatment and weight loss effects of DehydraTECH™-processed glucagon-like peptide 1 (“ GLP-1 ”) drugs and DehydraTECH-processed cannabidiol (“ CBD ”), alone and in combination in diabetic preconditioned rats.   What’s New There are several important new areas of investigation to be explored within this broad study. Are DehydraTECH-processed oral GLP-1 drugs more effective than non DehydraTECH-processed oral GLP-1 drugs in: Reaching brain tissue?   Improving weight loss?   Improving control of blood sugar?   Combining with CBD for improved results?     One arm of this 12-arm study will, for the first time, evaluate DehydraTECH-processed pure semaglutide and compare it to re-formulated Rybelsus® processed with DehydraTECH, containing Novo Nordisk’s SNAC® ( salcaprozate sodium ) technology. Another arm will, also for the first time, evaluate DehydraTECH-processed liraglutide. Liraglutide is a GLP-1 drug marketed in injectable form by Novo Nordisk under the brand names Victoza® and Saxenda®.   Animals in each of the first 8 study arms are being dosed with the following: 1 pure liraglutide DehydraTECH composition;   1 pure semaglutide DehydraTECH composition;   2 reformulated Ryblesus® DehydraTECH compositions; and   4 different DehydraTECH-CBD compositions     Study arms 9 through 12 will begin when the first 8 study arms have completed. Based on the results of the initial 8 study arms, study arms 9 and 10 will each utilize the best-performing DehydraTECH-CBD composition with the DehydraTECH-liraglutide composition, and separately, the best performing DehydraTECH-semaglutide composition. Study arms 11 and 12 are placebo and positive control arms.   About the Study Each arm of the Study will be dosed for a 12-week period following an acclimation period. During the Study, over 1,500 blood plasma samples will be collected from the total rat population of 72 animals for purposes of detailed pharmacokinetic drug delivery analyses. Body weight and blood glucose readings will be taken prior to Study start and at regular intervals during and at conclusion of the dosing period. Upon completion of the Study, brain tissue will be analysed to help determine whether DehydraTECH processing results in higher brain absorption than non-DehydraTECH arms, as Lexaria has evidenced numerous times in previous similar animal studies. The Study will also include a comprehensive battery of liver and kidney function testing and blood chemistry analyses.   LC-MS/MS and other techniques will be used to analyse samples. Lexaria will be collecting and reporting interim results prior to the end of the Study.   Why Does Brain Absorption Matter? In previous animal research with two other molecules, including CBD, Lexaria demonstrated through brain tissue examination that DehydraTECH processing enabled higher levels of drug delivery into brain tissue. Study WEIGHT-A24-1 is designed to further validate whether DehydraTECH processing can similarly deliver higher quantities of GLP-1 drugs into brain tissue.   Recent research has indicated “ that a small peptide GLP-1R agonist penetrates the brain and activates a subset of GLP-1R–expressing neurons in the arcuate nucleus to produce weight loss.” Lexaria believes that, if it can evidence that DehydraTECH processing of GLP-1 drugs can enable greater penetration into brain tissue, then this may help to explain how the GLP-1 drug(s) powered by DehydraTECH may be more effective at enhancing beneficial outcomes such as weight loss and blood sugar control. In turn, this could also potentially allow for lower dosing and a concomitant reduction in adverse side effects.   About Lexaria Bioscience Corp. & DehydraTECH DehydraTECH™ is Lexaria’s patented drug delivery formulation and processing platform technology which improves the way active pharmaceutical ingredients (APIs) enter the bloodstream through oral delivery. Since 2016, Lexaria has developed and investigated DehydraTECH with a variety of beneficial molecules in oral and topical formats.  DehydraTECH has repeatedly demonstrated the ability to increase bio-absorption and has also evidenced an ability to deliver some drugs more effectively across the blood brain barrier, which Lexaria believes to be of particular importance for centrally active compounds. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 41 patents granted and many patents pending worldwide. For more information, please visit www.lexariabioscience.com.   CAUTION REGARDING FORWARD-LOOKING STATEMENTS This press release includes forward-looking statements. Statements as such term is defined under applicable securities laws. These statements may be identified by words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions. Such forward-looking statements in this press release include, but are not limited to, statements by the company relating the Company’s ability to carry out research initiatives, receive regulatory approvals or grants or experience positive effects or results from any research or study. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that the Company will actually achieve the plans, intentions, or expectations disclosed in these forward-looking statements.  As such, you should not place undue reliance on these forward-looking statements.  Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation and regulatory approvals, managing and maintaining growth, the effect of adverse publicity, litigation, competition, scientific discovery, the patent application and approval process, potential adverse effects arising from the testing or use of products utilizing the DehydraTECH technology, the Company’s ability to maintain existing collaborations and realize the benefits thereof, delays or cancellations of planned R&D that could occur related to pandemics or for other reasons, and other factors which may be identified from time to time in the Company's public announcements and periodic filings with the US Securities and Exchange Commission on EDGAR. The Company provides links to third-party websites only as a courtesy to readers and disclaims any responsibility for the thoroughness, accuracy or timeliness of information at third-party websites. There is no assurance that any of Lexaria’s postulated uses, benefits, or advantages for the patented and patent-pending technology will in fact be realized in any manner or in any part. No statement herein has been evaluated by the Food and Drug Administration (FDA).  Lexaria-associated products are not intended to diagnose, treat, cure or prevent any disease. Any forward-looking statements contained in this release speak only as of the date hereof, and the Company expressly disclaims any obligation to update any forward-looking statements or links to third-party websites contained herein, whether as a result of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.   INVESTOR CONTACT: George Jurcic - Head of Investor Relations ir@lexariabioscience.com Phone: 250-765-6424, ext 202

May 17, 2024 09:10 AM Eastern Daylight Time

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British Ambassador, Scottish Government, and the Keepers of the Quaich, Host Rare Scotch Tasting to Raise Scholarship Funds

Keepers of the Quaich

The British Ambassador Dame Karen Pierce, DCMG, the Scottish Government, and the Keepers of the Quaich USA (KOTQUSA.org), the US arm of the international Scotch heritage society, hosted a gala at the Ambassador’s official residence to celebrate the King of Spirits and raise scholarship funds. This exclusive gathering to sample rare whiskies and new expressions brought together a distinguished group of guests, including members of Congress; senior Administration officials; media; top industry executives; major trade association heads; other ambassadors; and members of Keepers of the Quaich USA society. The evening benefited the Entrepreneurial Scotland Foundation (EntrepreneurialScotland.com), a charity dedicated to creating scholarship opportunities in the U.S. for Scottish students, many of whom are first-generation college students, and the foundation's support plays a vital role in their academic success. The Ambassador welcomed the 2024 Gathering saying, “Thank you for joining us in celebrating Scotch Whisky, while raising funds for ESF scholarships. These rarities and new expressions demonstrate the range and vibrancy of the category and its long heritage. From the Highlands to Speyside, from Orkney to Islay, the diversity of Scotland’s whiskies is treasured around the globe.” Chris Thomson, Head of the Scottish Government in the USA, added, “We are delighted to be able to support Keepers of the Quaich USA and the Entrepreneurial Scotland Foundation, bringing top students at Scottish universities to the US for internships. Scotland is rightly proud of our whisky, and also of our incredible higher education sector – both contribute both to stronger communities and economies at home, and to our transatlantic relationship with the US. To be able to support both tonight, and sample these incredible whiskies, is a great pleasure.” KOTQUSA Co-chair and Diageo NA CMO Ed Pilkington pointed out, “While Scotch whisky is exported to well over 100 countries around the globe, the United States is by far its most valuable market.” KOTQUSA Co-chair Frank Coleman added, “American consumers continue to savor super premium blends and single malts, with over nine million cases sold last year, worth over $2.5 billion to distillers, and much more to distributors and retailers across the country.” The event featured eight individual company sampling tables as well as a full bar where cocktails were served with premium mixers provided by Fever Tree. In the fountain courtyard there was a cigar lounge sponsored by Cigar Aficionado magazine. The guests also enjoyed pairing the whiskies with a lavish buffet of fresh Scottish seafood supplied by Seafood Scotland —artfully prepared by embassy Chef Craig Harnden, as well as cheese provided by Lactalis and oatcakes provided by Nairn’s. Keeping Scottish tradition alive, the evening’s toast featured the Scottish Quaich, also known as the ‘Cup of Friendship,’ the two-handled drinking vessel that dates back to the 16th century, from which the Society takes its name. Founded in 1988 and headquartered at Blair Castle in the Scottish Highlands, the Keepers of the Quaich honors individuals who have made significant contributions to the world of Scotch whisky. With around 3000 Keepers from more than 100 countries, the society fosters camaraderie and appreciation for this iconic spirit. The US Chapter has approximately 300 members, many from C-Suites of all three tiers of the industry. Participating companies and brands served included: DIAGEO: Lagavulin Offerman Rum Cask Edition; Lagavulin 16; Oban 14; Johnnie Walker King George V DEWAR’S/BACARDI: Dewar’s Double-Double 21yr Mizunara Cask Finish; Dewar’s Double-Double 37yr Blended Malt; Dewar’s 18yr BROWN FORMAN: The Glendronach 12; Glenglassaugh Sandend; The Glendronach Hand-Filled; Glenglassaugh 40yr; The Glendronach Grandeur SUNTORY GLOBAL SPIRITS: Laphroaig Single Cask-Jack Rose Dining Saloon; Bowmore 15; Ardray Blend; Laphroaig Sherry Oaked EDRINGTON: The Macallan Rare Cask; Highland Park 12; The Macallan 12yr Sherry Oak PERNOD RICARD: The Glenlivet Fusion Cask; The Glenlivet 18yr; Royal Salute 21yr; Aberlour A’Bunadh RÉMY COINTREAU: Bruichladdich Classic Laddie; Bruichladdich Islay Barley 2014; Bruichladdich Eighteen; Port Charlotte 10 WILLIAM GRANT & SONS: Glenfiddich 12 year Old Sherry Cask Finish; Glenfiddich 14yr Bourbon Barrel Reserve; Glenfiddich 21yr Gran Reserva; Balvenie 16yr French Oak Contact Details Danielle Eddy +1 914-414-0041 deddy213@gmail.com

May 17, 2024 08:46 AM Eastern Daylight Time

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Elevai Labs (NASDAQ: ELAB) Acquires Rights To Develop Muscle Loss Prevention Assets For Anticipated Use In Anti-Obesity Treatments, Launches Two New Subsidiaries

Benzinga

By James Blacker, Benzinga Some 42% of adults in the United States are affected by obesity, according to the U.S. CDC. At a global level, a new study released by the journal Lancet reveals that around 1 billion people are now living with obesity, with the number of obese adults having doubled since 1990 and quadrupled among children and adolescents. The demand for solutions to escalating obesity rates is only growing. Goldman Sachs Research notes that the global market for anti-obesity drugs reached $6 billion on an annualized basis in 2023 and this global market is projected to experience a more than 16-fold increase to $100 billion by 2030. The global growth of anti-obesity drugs is expected to be led by drugs such as Ozempic ® and Wegovy ®, both manufactured by Novo Nordisk (NYSE: NVO), as well as Mounjaro ®, made by Eli Lilly And Co (NYSE: LLY). However, there are concerns that GLP-1 drugs like Ozempic ® and Wegovy ® might lead to a loss of muscle mass along with fat mass. This potential side effect highlights a need for new or coinciding treatments that can address obesity while limiting such side effects. Revolutionizing Obesity Treatment Medical aesthetics and biopharmaceutical drug development company Elevai Labs Inc. (NASDAQ: ELAB) is working to address this problem. The firm announced on May 2 that it acquired exclusive rights to two new assets that have the potential to limit muscle loss prevention to develop in combination with GLP-1 obesity treatments – namely “EL-22”, a clinical-stage engineered probiotic expressing myostatin, and “EL-32”, a preclinical engineered probiotic expressing dual myostatin & activin-A. “We believe the adoption and use of other GLP-1 drugs […] increases the desire for related aesthetic procedures linked to the side effects from these drugs, including significant unwanted muscle loss. We see the licensing of these two assets as an opportunity to provide an unmet need in the anti-obesity drug market and expand our brand into a large and growing multi-billion-dollar market,” said Elevai Labs CEO Jordan R. Plews. Elevai plans to test how effective and safe EL-22 is in combination with weight-loss medications currently available on the market. It expects to submit an Investigational New Drug application to the FDA in 2025 and hopes to initiate clinical trials in the U.S. soon thereafter. New Subsidiaries In line with its growth in the biotech industry, Elevai Labs announced on May 1 it launched two new wholly-owned subsidiaries — Elevai Biosciences and Elevai Skincare. Elevai Biosciences will focus on acquiring and developing cutting-edge aesthetic medicines, with EL-22 as its lead asset. Elevai Skincare is a new entity that will continue to advance the company’s skincare solutions. The company hopes that the reorganization of its skincare operations will boost focus, agility, and market penetration in order to capitalize on emerging opportunities in the medical aesthetics skincare market. Commenting on the announcement, Co-founder and CEO Jordan R. Plews stated, “The launch of Elevai Biosciences, Inc. and Elevai Skincare, Inc. as wholly-owned operating subsidiaries signifies a significant milestone in our journey towards reshaping the future of medical aesthetics and biotech. With Elevai Biosciences, we believe we are poised to lead the development of next-generation aesthetic medicines, while Elevai Skincare will continue to develop and deliver exceptional cosmetic solutions to our customers worldwide.” Featured photo by Prostock-studio on Shutterstock. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. Cautionary Note Regarding Forward-Looking Statements Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "believes," "expects," "plans," "potential," "would" and "future" or similar expressions such as "look forward" are intended to identify forward-looking statements. Examples of these forward-looking statements include statements concerning: Elevai's expectations regarding its growth, strategy, progress and the design, objectives and timing of its clinical trials for EL-22; and the potential of EL-22 to treat obesity without an associated loss of muscle, both as a monotherapy and in combination with GLP-1 receptor agonists. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, among others: Elevai's limited operating history and historical losses; Elevai's ability to raise additional funding to complete the development and any commercialization of its product candidates; Elevai's dependence on the success of its product candidates EL-22 and EL-32; that Elevai may be delayed in initiating, enrolling or completing any clinical trials; competition from third parties that are developing products for similar uses; Elevai's ability to obtain, maintain and protect its intellectual property; and Elevai's dependence on third parties in connection with manufacturing, clinical trials and preclinical studies. These and other risks are described more fully in Elevai's filings with the Securities and Exchange Commission ("SEC"), including the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 29, 2024, and its other documents subsequently filed with or furnished to the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 17, 2024 08:45 AM Eastern Daylight Time

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Dissatisfied By Candidates This Election? Check Out The Latest Meme Coin Revolution Mixing Politics With Crypto Profits And Some Laughs

Benzinga

By Austin DeNoce, Benzinga As the 2024 U.S. presidential election draws near, an unprecedented level of dissatisfaction seems evident among voters regarding the two leading candidates. Current polling data from 538 reveals that both former President Donald Trump and current President Joe Biden are struggling with unfavorable ratings – 53% for Trump and 55% for Biden. This general discontent reflects a unique scenario in American politics where both major-party candidates are simultaneously unpopular – which is a rare occurrence historically. The dynamics of this election thus seem to be less about choosing the more popular candidate and more about dealing with the deep-seated disapproval each candidate garners. But voters who are also crypto enthusiasts can now find solace in a new guilty pleasure: political meme coins. The Rise Of Political Meme Coins In this atmosphere of widespread voter dissatisfaction, political meme coins have emerged as a novel form of relief, adding a touch of humor and levity to the electoral process. There are already meme coins about Tucker Carlson ($TOOKER) and Alex Jones ($JOWNES), among others. Noteworthy among these is the $TREMP coin inspired by former President Donald Trump. These digital tokens, while initially created for amusement, have started to carve out a niche within the crypto community. The introduction of meme coins like $TREMP into the political discourse is providing a light-hearted alternative to the typically grave discussions surrounding presidential campaigns and giving voters a unique opportunity to speculate on politics or, at the very least, have a laugh at their growing popularity and humorous commentary on current events. A lot of these coins, like $TREMP, emulate real-world events and engage other politically inspired meme coins in the community. However, unlike real-world election conversation, the back and forth between crypto-candidates and Polifi tokens is light-hearted and also meant to entertain. Spotlight On $TREMP Coin The $TREMP coin was launched on February 28 and saw a rapid rise in interest and market cap, reaching $100 million within its first month. To put that in perspective, CoinGecko data puts the total market cap for “PolitiFi” coins – as these new coins are called – at about $690 million as of May 13 and growing, up over 20% in the prior 24 hours. After the original creator of the $TREMP coin stepped back, the community took over, propelling $TREMP into a prominent position among political meme coins. The involvement of figures such as Anatoly Yakovenko from Solana Labs has further legitimized its presence in the crypto world. Recently, the $TREMP team announced the recruitment of Dustin Stockton, a known conservative strategist who previously worked for the Newt Gingrich Presidential campaign in 2012 and under Steve Bannon at Breitbart in the lead-up to 2016, emphasizing their commitment to mimic real-world political campaigns in a satirical yet engaging manner. This has not only increased its visibility but also highlighted the potential of meme coins to influence political narratives in real time. It may also be a catalyst for broader political and regulatory discussions about the crypto industry and its future role in finance. Trump’s Crypto Endorsements And $TREMP Donald Trump’s recent pro-crypto comments at a gathering in Mar-a-Lago mark a significant pivot in his stance toward the cryptocurrency industry, which is in contrast to the Biden administration's more stringent regulatory approach. Trump’s endorsement has also stirred considerable interest in political meme coins, particularly $TREMP, reflecting the irony of how these ‘joke’ tokens are increasingly becoming a topic of legitimate discussion in political campaigning. As these tokens gain traction, they offer a unique and humorous lens through which the public can engage with the often polarizing figures of real-world politics. This is the first election where such a thing is possible, blurring the lines between satire and serious political commentary. Political meme coins like $TREMP demonstrate the changing landscape of voter engagement and discourse, providing a unique, albeit unconventional, way to engage in and speculate on the electoral process. Featured photo by Element5 Digital on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 17, 2024 08:35 AM Eastern Daylight Time

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