Jia Yueting Denies Faraday Future Meme Coin Issuance

Jia Yuating, Faraday Future's founder, announced on October 8th that he, FF, or CXC10 have not and will not launch meme coins, countering social media misinformation.

This statement aims to correct false narratives that could mislead investors, highlighting the importance of transparency in cryptocurrency ventures.

Jia Yueting Denies Faraday Future Meme Coin Issuance

Jia Yueting's public denial highlights Faraday Future’s commitment to avoid meme coins, opting to invest in recognized crypto assets. This official statement seeks to rectify unauthorized claims, reducing confusion around potential meme coin involvement. Faraday Future's crypto investments focus solely on leading assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), consistent with their C10 Treasury program. Key financial markets reacted positively, appreciating the transparency and confirming no diversion toward meme coin ventures. Notably, this addresses previous concerns, emphasizing adherence to their investment strategy and easing potential stakeholder worries.

“Neither I, nor Faraday Future (FF), nor CXC10 have issued any meme coins, nor do we have any plan to issue meme coins. Any information suggesting otherwise is false and unauthorized.” — YT Jia, Founder and Global Co‑CEO, Faraday Future

“Neither I, nor Faraday Future (FF), nor CXC10 have issued any meme coins, nor do we have any plan to issue meme coins. Any information suggesting otherwise is false and unauthorized.” — YT Jia, Founder and Global Co‑CEO, Faraday Future

Meme Coin Rumor Debunked: Market Stability Ensued

Did you know? Past instances of meme coin associations with corporate figures often lead to volatile rumors addressed by prompt clarifications, stabilizing impacted markets.

Bitcoin's current valuation is $121,681.63, with a market cap of $2.43 trillion, according to CoinMarketCap. The cryptocurrency holds a market dominance of 58.29%, with recent 24‑hour trading volume at $80.42 billion, despite a minor price dip of 1.87% in that period.

Coincu's research team suggests the denial assists in clarifying RR's focus, potentially easing investor concerns and emphasizing risk mitigation strategies. Given the volatile nature of financial markets, focusing on regulated cryptocurrency investments is a strategic choice.