The founder of the Cardano blockchain project, Charles Hoskinson, is back in the news. This time – with a new memecoin with a “pig” theme.
Recently, Charles Hoskinson has not left the headlines of the cryptocurrency media: first he talked about the upcoming update of the Cardano blockchain – Voltaire, which he called the most significant stage in the development of the project, and a few days later he switched to the “pig” memcoin.
How Nike became a meme
It all started when the founder of the Cardano network, Charles Hoskinson, simply published on his personal page on the social network X (formerly Twitter) a photo of his “pig named Nike.”
Users really liked the post, and a day after its publication, a new “pig-themed” memecoin appeared on the network—the Nike token.
Earlier this month, Charles Hoskinson criticized the cryptocurrency media for being biased against Cardano. In his opinion, journalists are spoiling the reputation of the blockchain by speaking about it in an inappropriate tone – for example, calling ADA a “zombie token.”
At the same time, in the spring, Hoskinson publicly criticized the head of MicroStrategy, Michael Saylor – that time he also stood up for the honor of Cardano.
What else is known about the new memecoin?
At the time of writing, the market capitalization of the Nike meme token has already risen above $708 thousand.
At the same time, how noted founder of Cardano in his tweet, 12 hours ago the full diluted valuation (FDV) was only $172 thousand. During this time, the figure jumped by 312%, and the current picture does not exclude its further growth.
Nike token data. Source: TapTools
The Nike memecoin, inspired by Charles Hoskinson’s pig, fits perfectly into the new realities where new meme tokens appear like weeds after rain that cannot be weeded out of the news agenda.
A separate variety of this memcoin population are tokens that are launched by celebrities. Recently, cryptans actively discussed the launch of MOTHER from Iggy Azalea and a dozen tokens from Caitlyn Jenner. As a result, all these coins turned out to be fraudulent.
In light of all this, many users have wondered whether memcoins still have real value and utility since they are now appearing in unlimited quantities. Ethereum co-founder Vitalik Buterin came to the sector’s defense, proposing at least seven different options for how meme tokens could be used.
Source: Cryptocurrency
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