Charles Hoskinson, the founder of Cardano, shared on social media that his pet pig, Nike, has unexpectedly inspired the creation of a meme coin. Within just 12 hours, this meme coin skyrocketed to almost $1 million in market capitalization, leaving Hoskinson pleasantly surprised by the rapid growth.
The meme coin, named “NIKE,” was featured in a screenshot from TapTools, displaying its market data. The token was priced at $0.00061 with a liquidity of $40.32K. The market capitalization hit $610.84K, aligning with the fully diluted valuation.
According to the snapshot, the daily trading volume reached $274.39K. Performance metrics showed impressive growth rates over different time frames: an 88.83% increase in 1 hour, an astonishing surge of 861.11% in 4 hours, and a remarkable rise of 80,370% in 24 hours. Over 7 and 30 days, the token maintained a steady growth rate of 76,290%.
Buy and sell data indicated high activity levels with 1,189 buys and 749 sells. The buy volume amounted to $159.70K, while the sell volume reached $121.32K, demonstrating significant trading interest in the newly emerged token.
Additionally, comments following Hoskinson’s post mentioned that the NIKE token was already trading on DexHunterIO. The trading pair NIKE/ADA displayed a token price of 0.037030 ADA, with a 24-hour trading volume of 37K ADA, 138 buys, and 55 sells, indicating active participation in trading. Liquidity stood at 22K ADA, and the market capitalization was 80K ADA. However, chart details showed a slight decline in the current price, which was 0.000070 ADA, reflecting a price change of -6.67%.
The sudden surge of the NIKE token prompted mixed reactions from the community, with some expressing optimism and others raising concerns about the speculative nature of such developments in the crypto realm. Meanwhile, in a recent interview, Charles Hoskinson humorously speculated about Tesla CEO Elon Musk potentially holding 20% of the Dogecoin supply.
Amidst discussions on The Thinking Crypto podcast with host Tony Edward, Hoskinson touched on various topics, including the Midnight airdrop and the upcoming Chang hard fork.
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