Memecoins
Cardano Creator Shocked His Pig Nike Became A Million Dollar Coin
Gamza Khanzadaev
Nike Becomes a Nearly Million Dollar Coin, But It’s Cardano’s Charles Hoskinson’s Pig
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In an unexpected twist, the ADA community saw an epic event unfold in just 24 hours. Charles Hoskinsonthe creator of Cardano, posted a photo of his pet pig, Nike, on the social network X. This simple post quickly led to the creation of a new meme called NIKE.
The NIKE piece, inspired by Hoskinson’s pig, quickly gained popularity. Its market capitalization now stands at 1.72 million ADA, or approximately $650,000. Additionally, its trading volume reached 1.51 million ADA, making it the third most traded token in the world. Cardano ecosystem over the past day.
Hoskinson expressed surprise eight hours after his initial post, noting that he was “stunned” that a photo of his pig resulted in a coin approaching $1 million in less than 12 hours.
As NIKE gains momentum, it challenges another popular coin in the Cardano ecosystem, SNEK. SNEK, the largest coin in the ecosystem, has a market capitalization of $74 million and a trading volume of $607,179. NIKE’s rapid rise raises the question of whether it could surpass SNEK in popularity and value.
Source: Trading View
While Hoskinson seemed amused and intrigued by the rapid rise of a token based on his pet, this event once again demonstrates the enthusiasm of the community and the influence of attention on market trends.
The Cardano ecosystem could now see increased competition between meme coins, with NIKE becoming a serious competitor against established tokens like SNEK. As the ADA As the community watches this new development, many are curious to see if the pig-themed coin can surpass its snake-themed counterpart.
About the Author
Gamza Khanzadaev
Financial analyst, trader and crypto enthusiast.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master’s program in banking and asset management.
He wants to participate in covering economic and financial technology topics, as well as making more people aware of cryptocurrencies and blockchain.