Cockroach Janta Party, or CJP, has turned into a crypto talking point even though the group never launched a token of its own. The source says the $CJP token is unofficial and trades on Pump.fun, where third parties can create meme tokens without formal backing. As of May 23, 2026, the token had climbed to nearly $506,000 in market cap at its peak before dropping to about $145,000, a decline of more than 71%. It was also down nearly 39% over 24 hours.
CJP's social media rise happened in days
The movement is linked to Boston University student Abhijeet Dipke. According to the source material, CJP gained traction after a quote attributed to India's Chief Justice Surya Kant circulated online, claiming unemployed youth had been compared to “cockroaches” and “parasites.” The statement was later clarified as a misquote, but the online reaction had already taken off.
CJP's growth was unusually fast. Its Instagram account crossed 19 million followers in one week, while its X account had already gathered more than 200,000 followers before access was withheld in India. The group's own platforms also claimed more than 1 million members and listed five core demands, including electoral reform, NEET accountability, women's reservation, institutional transparency, and action on exam paper leaks. It also claimed to have no corporate donors.
X was withheld in India, then came Instagram access claims
The source says CJP's X handle was withheld in India on May 20 after a legal complaint. The group returned within hours under a new account called “Cockroach Is Back.” On May 22, Congress MP Shashi Tharoor called the move “foolish,” arguing that suppressing such a movement could intensify public frustration rather than ease it.
Dipke later said both his personal Instagram account and the party's page had been hacked. He also wrote that Meta's safety system repeatedly locked him out. At the same time, the report notes that Meta has not publicly responded, and there is no independent confirmation on whether the accounts were hacked, suspended, or affected by some other issue.
The token is real, but the link is not
That distinction matters in the market. The report is explicit that $CJP has no official connection to CJP or Dipke. Even so, traders moved into the token during the period when the group's online visibility was surging, pushing the market cap sharply higher before the reversal followed.
The source also lists volume at just 2,640. That is a thin market. With activity at that level, a small number of wallets can move the price quickly, making the token highly vulnerable to abrupt swings. The data in the report points to a speculative meme asset driven by attention, not by any confirmed project launch or formal political organization.
Political controversy and crypto speculation are now overlapping
CJP's rise has also triggered political backlash. BJP supporters described the group as a national security threat and alleged links to Pakistan's ISI. Dipke rejected those allegations and said 94% of his followers are based in India. The source does not provide independent evidence supporting those claims from either side.
What is established from the material is narrower but clear: CJP expanded rapidly online, its X account was withheld in India, its founder says Instagram access was compromised, and an unauthorized token carrying the same name is already trading and has suffered a steep drop from its peak. The story is now moving on two tracks at once, social media control and crypto speculation.