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PRAWN, a meme coin impressed by the character Pepe the King Prawn from the Muppets, inside a number of days of its launch, has already reached a formidable ATH of $48 million. After going viral on TikTok, the meme coin skilled a speedy rise, which, as is commonly the case, was adopted by a pointy correction that introduced PRAWN all the way down to a market cap and all-time low of $3.5 million.
Nonetheless, the coin has rebounded over the previous three days, surging greater than 145% in simply the final three days. At the moment, it’s sitting at a market cap of $15 million—practically a 5x restoration from its lowest level.
Just like Chillguy, this crazy-looking prawn grew to become common due to a TikTok. Memes and movies that includes Pepe the King Prawn, a humorous Muppet with messy hair and massive eyes, are trending. It began on TikTok from a clip from the 1999 film Muppets in Area.
Within the clip, Pepe’s shocked and frazzled look completely captures awkward or embarrassing moments. Excellent for a technology that always can’t actually match into this society.
Pepe The King Prawn simply made the TikTok sound “Like a Prayer” (Choir Model) the #2 trending sound on the earth right now.
I’m shocked it’s not #1 after having 220,000+ uploads in lower than every week
That is the largest TikTok & Instagram meme on the earth and it’s simply getting… pic.twitter.com/itmwa1ZWlg
— YoGChill (@yogchill_) December 13, 2024
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PRAWN Crypto – The King Of TikTok And Now Of The Blockchain?
The chart of PRAWN reveals a extremely unstable value motion, typical of meme cash, with sharp upward spikes adopted by corrections. After its peak at $48 million, the coin is buying and selling at $15 million, suggesting a consolidation section. The current 145% pump over three days highlights the renewed curiosity, probably pushed by its itemizing on Crypto.com and its vibrant group’s exercise on social media. These actions point out that whereas PRAWN has but to stabilize, its community-driven momentum performs a major position in its value dynamics.
Can Pepe the King Prawn obtain the identical degree of success as ChillGuy? The speedy rise of this pattern, which noticed thousands and thousands of customers create their very own variations of the meme, suggests a powerful and lively curiosity within the subject.
Nonetheless, the broader panorama for meme cash presents a combined image. On Solana, the expansion charge of meme cash seems to be slowing, signaling potential fatigue or saturation in that ecosystem. Quite the opposite, $PRAWN appears to be going in opposition to the grain and has reached virtually $50 million in ATH in only a few days since its launch.
How i really feel waking as much as https://t.co/4ni4dCtBs1 itemizing $prawn after shopping for the dip final evening pic.twitter.com/lFOFtmBbC6
— oli (@Oligotsol) December 11, 2024
Like ChillGuy, Prawn’s success is said to its virality on-line. The meme’s adaptability, with numerous inventive iterations showing on TikTok and Instagram, retains the coin’s narrative contemporary and fascinating. PRAWN’s group appears certain about this meme coin’s future success. The itemizing on Crypto.com might be step one in that path.
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The put up PRAWN Crypto is New Muppets Meme Coin: Can This New TikTok Meme Replicate ChillGuy Success? appeared first on 99Bitcoins.
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