A new token was born after the inventor of Ethereum, Vitalik Buterin, tweeted about DIE. Previously, Buterin joked about launching a project called “THE Protocol,” The community took it about themselves to mint it and boosted its value.
Across social media, people are starting to speculate on DIE, the article “The” written in german, flipping THE. Despite the persistent bear market, which has led Bitcoin and Ethereum to crash 80% from their all-time high, the meme coin movement seems alive and well, directly or indirectly supported by Vitalik Buterin.
АПЕД $ДИЕ due to Vitaliks tweet. My friend Faust the dev launched so its safu 🚀🚀
130k mcaphttps://t.co/RgTcYkDtcahttps://t.co/5Di7fM9L9O
— Wabi Wabi 🍣 (@WabiWabii) Октобар КСНУМКС, КСНУМКС
Vitalik Buterin Fuels Meme Coins Prices As Crypto Market Stalls
The crypto bear market is pushing traders and market participants to the edges of boredom, allowing these new tokens to capture attention. When Bitcoin and Ethereum are rangebound, traders are attracted to the volatility in DIE and THE.
In addition, Vitalik Buterin has a massive platform in the space. The recent upward trends in these meme coins show that the support, or indirect endorsement, from the inventor of Ethereum, can boost the price of any token, even those with a small market capitalization.
THE and DIE are trending because of crypto influencers’ support and personalities other than Vitalik Buterin. These accounts have thousands and thousands of followers willing to jump into any project sponsored by these personalities.
$ДИЕ quickest 200x this year 🥴
easily a 2000x potential here.
Keep raiding VB + all the CT $ТХЕ influencers, and this will get pushed to the same level at $ТХЕ ($40M a few hrs ago) https://t.co/jDllyH2v0y pic.twitter.com/xSkwyWbycy
— 🎃thomas (@crypto_TomTom) Октобар КСНУМКС, КСНУМКС
In just five days since its launch, THE has doubled its market cap, reaching over 4,000 holders and gaining much attention on social media platforms. The project is supported by popular crypto influencers, such as Crypto Bitlord, Jaso Crypto, Eric Crypto, David Gokhshtein, and others.
Gokhshtein, whose Twitter account has over 600,000 followers, wrote (написано) the following on THE and the meme coin movement:
So $THE is the next $SHIB? All it takes is for one person with a huge platform like Vitalik Buterin to crack a joke and it turns into a project. That’s crazy.
У протеклих 5 дана:
- $ТХЕ hit 30M mcap ATH
- $ТХЕ reached 4000 holders
– 30K Tweets by the community
- @ВиталикБутерин свиђа $ТХЕ твеетс
- @елонмуск trying his best not to say $ТХЕ, but really wants to.👀
- @crypto_bitlord7, @bull_bnb @ЕрицЦриптоман & dozens more big names in.— $THE JasonCryptoApe (@JasonCryptoFTW) Октобар КСНУМКС, КСНУМКС
Source: https://www.newsbtc.com/news/vitalik-buterin-does-it-again-token-die-on-route-to-flip-the/