Vitalik Buterin has inspired the release of a third meme coin this week. The new meme token created out of yet another tweet has increased by more than 5,500%.
A New Meme coin Birthed Out of Vitalik’s Tweet
Vitalik Buterin, popular blockchain guru and co-founder of Ethereum, a decentralized open-source Blockchain, has triggered the creation of the third meme coin this week. The tech lord inspired the DIE token in a tweet on Friday, 21st of October, while responding to a post by Sam Bankman-Fried, CEO of cryptocurrency exchange FTX.
In a tweet early yesterday, FTX’s Sam Bankman-Friedman posted a proposal that social media messages be hosted on-chain. He believes paying gas fees for messages will likely discourage spam bots. However, Vitalik Buterin suggested conditional burns as a solution to Twitter spam bots, saying the recipient of a message should have the right to force a user to burn a hypothetical token X if the response is not to their liking.
Replying FTX’s CEO, Vitalik, said;
“Conditional burn is better imo. Recipient should have the right to force you to burn $X (or donate it to charity), but if the recipient is happy with your message, it should cost nothing”. Vitalik expressed the view that conditional burns are better, an idea that got the support of SBF.
Two X tokens Were Created in Hours
Just a few hours following the exchange on Twitter, two new X tokens were launched—one on the Binance chain and the other on the Ethereum chain. Although both tokens went viral, the one on Ethereum appears to have garnered the most attention.
In less than 24 hours, the Ethereum X coin has risen by 3,888%, with a total market cap of over $1 million, according to recent data. Conversely, the BSC token seems to be struggling. It is already down 74.59% and has a meager market cap of $262.
The X token marks the third meme coin that Buterin has inspired through his tweets in a week. Earlier this week, Buterin triggered the release of two meme coins, the THE, and the thriving DIE token. Unlike the previous two, neither X token has been able to attract a listing on a central exchange as of press time. But with the increasing value of the Ethereum X coin, a listing is possible.
The Soaring DIE Token
A new meme token called DIE was born out of a Vitalik Buterin tweet yesterday and has increased by more than 5,500%.
Marking the second in a row, Vitalik Buterin’s tweets have led to the creation of yet another meme coin. A few days after jokingly suggesting that there could be a project called “The Protocol,” intended as satire, the crypto community has created a token called DIE. DIE is the German equivalent of “The.”
The DIE token was created in no time and was launched across social media accounts created for Die Protocol. Surpassing the X coin, this token has shot up in value, with the price up by over 5,500% in the last 24 hours, according to DEXTools, a crypto analysis platform. It is currently priced at $0.0000019.
Besides being a meme coin, the DIE token has been listed on several notable exchanges, including Huobi, MEXC, and several smaller exchanges. This has contributed to the speedy rising so much of the new DIE token.
Source: https://crypto.news/vitalik-buterin-inspires-the-launch-of-third-meme-coin-in-a-week/