Newly Launched Memecoin Reaches $300 Million Market Cap in One Day, Brings Record on Base

by Norberto Parisian

cc0 NFT mfers NFT series founder Sartoshi launched a memecoin referred to as mfercoin on the Harmful community early this morning. The recent coin used to be distributed as an airdrop to mfer NFT owners.

Mfercoin’s market capitalization has already exceeded $300 million and transaction quantity exceeded $76 million. The contaminated mark of the mfer NFT has increased severely by over 60% within the last 24 hours, reaching over 0.6 ETH.

Alternatively, the memecoin in ask lacks any exercise case or intrinsic payment, and its mark rises and falls basically basically based fully on hypothesis. In addition, because it’s released by an anonymous developer, there is furthermore the possibility of rugpull fraud. Attributable to this truth, as with all more than just a few memecoins, it’s higher to be careful.

As we methodology the tip of March, exercise on Harmful, the layer two blockchain developed by cryptocurrency alternate Coinbase, remains solid, with every day transactions and shopping and selling volumes rising to myth phases. Harmful reached an all-time high on March 29, recording 2.27 million transactions, driven by the recent memecoin.

This enlarge in every day exercise comes after weekly transactions on Harmful reached an all-time high, with roughly 9.59 million transactions recorded on March 18.

Harmful’s weekly community earnings furthermore residing a brand recent myth on March 18.

*This isn’t any longer funding advice.

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