According to the source, a meme coin using the Pinkfong name collapsed on Thursday after The Pinkfong Company, the owner of the Baby Shark IP, publicly stated on X that it is unaffiliated with the token, prompting a rapid selloff (source: The Pinkfong Company statement as relayed by the source). The source reports the project had touted the Pinkfong brand, and the company’s denial removed any perceived legitimacy, which the source links to the collapse (source: the source).

According to Fox News, a Los Angeles business owner has begun playing the children's song 'Baby Shark' on repeat to discourage homeless encampments near their property (source: Fox News, May 19, 2025). While this local tactic has sparked community debate, there is currently no direct impact on cryptocurrency market pricing or sentiment. However, traders should note that similar urban policy news can sometimes influence tokenized real estate projects and urban-focused crypto assets, as regulatory changes or social tensions can affect investor outlook (source: Fox News).