Poopcoin: Memcoin Is Growing Rapidly
Date: 2024-04-01 Author: Henry Casey Categories: BLOCKCHAIN
New Memcoin on the Market
Poopie, co-founder of Doodles, also known as Jordan Castro, released a memecoin called Poopcoin with the ticker symbol $poop. Within ten hours of its launch, nearly $60 million in $poop volume had changed hands, with a market capitalization of nearly $7 million.
Announcement Coins
Poopie introduced the coin in the form of a quote from Vitalik Buterin’s blog, where he shared his thoughts on the memcoin ecosystem. Poopcoin was created on the Ethereum Layer 2, Base network developed by Coinbase.
Distribution Coins
Memcoin was distributed to NFT Doodles holders and other early adopters. One wallet managed to acquire 23.5% of the coin's supply, resulting in a profit of $450,000.
Risks and Opportunities
Castro warns that Poopcoin could be worth less than zero, like a fresh pile of manure. However, the coin attracted significant attention and achieved a significant market capitalization in a short time.
Market reaction
Following the announcement of Poopcoin, two wallets were able to purchase over 36% of the coin's total supply, which generated significant interest in the new memecoin.
Forecasts and Prospects
Poopcoin, despite the risks, continues to attract the attention of investors and cryptocurrency users. Its success could open the door to new entertainment projects in the world of memcoins and blockchain.
