Tuesday, November 5, 2024

Olympics Aren’t Spared By Degen Memecoin Makers

DIKEC, named after the turkish silver medal successful shooter, is certainly one of many memecoins that surfaced.

If memecoins had been an olympic sport, Solana degens would win the gold.

The 2024 summer season Olympics are underway in Paris, and several other notable athletes have had their names became tokens and traded on the open market. On Tuesday, Turkish nonchalant shooter Yusuf Dikec took the stage and earned his nation a silver medal–after which went viral for his noticeably informal vibe.

Degens took be aware, and 12 completely different DIKEC tokens appeared on Dexscreener. Described as “cool turkish hitman,” market capitalizations vary from a couple of thousand {dollars} to $393,000. The longest standing DIKEC token now trades for $0.0002 after hovering to $0.0008. One other shooter, Kim Ye-Ji from South Korea, additionally impressed degens, who promptly created the YEJI token.

Even the phrase Olympics has turn into a token to be traded. From Bolympics, dubbed the Guide of Olympics, – a play on phrases that resembles Guide of Meme (BOME) – which inside hours soared to a $600 million market capitalization, to Crime Olympics (TERROR).

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Supply: NPR

Different much less lucky athletes additionally adorn the ever increasing Olympics memecoin pantheon.

Controversy broke out when Italian boxer Angela Carini misplaced to Algerian transgender boxer Imane Khelif and prompted degens to start out buying and selling tokens in reference to Carini . One token had $1.5 million in 24 hour quantity with a $111,000 market cap, whereas the “IStandWithAngelaCarini” token has a $45,000 market cap and $521,000 24 hour quantity.

Each commerce for pennies on the greenback.

With 11 days left for the Olympics to finish, degens and spectators rub their fingers in anticipation of who will make their strategy to the rostrum in Paris, as they’re certain to additionally make the listing in Solana DEX trackers.

Associated: Degens Can Now Make Memecoins From Tweets

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