{"id":557709,"date":"2023-10-26T15:00:18","date_gmt":"2023-10-26T15:00:18","guid":{"rendered":"https:\/\/www.wncen.com\/?p=557709"},"modified":"2024-06-11T14:30:28","modified_gmt":"2024-06-11T14:30:28","slug":"meme-coin-raised-11-million","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/meme-coin-raised-11-million\/","title":{"rendered":"This Brand New Meme Coin Just Raised $11 Million In A Firesale With No Roadmap"},"content":{"rendered":"

The cryptocurrency space is indeed full of surprises. Recently, an emerging meme coin called $MEME, which has no roadmap or utility has already raised over $11 million in its ongoing firesale.<\/span><\/p>\n

Memecoin (MEME) Achieves A Major Milestone With Firesale<\/span><\/h2>\n

MEME is an <\/span>Ethereum<\/span><\/a>-based memecoin that operates under the <\/span>ERC-20 network<\/span><\/a>, with a total supply of <\/span>69 billion MEME tokens<\/span><\/a>. The token was designed by a web3 startup called <\/span>Memeland<\/span><\/a> and launched by the team that worked on 9GAG.<\/span><\/p>\n

According to the Memecoin<\/span> fire sale page<\/span><\/a>, the brand new meme coin reportedly sold over 11.4 billion MEME tokens selling at $0.001 in its ongoing firesale. This indicates a significant 150% surge, beating the team’s expectations from the very beginning.<\/span><\/p>\n

The token’s active firesale which has amassed over $11 million already has done this despite being a waitlist-only sale.<\/span><\/p>\n

Related Reading: AiDoge Reaches $9 Million Mark in Presale, Looks Set for More Milestones<\/a><\/div>\n

In line with <\/span>Memecoin’s whitepaper<\/span><\/a>, the team highlighted that the token “has no functions, no utility and no intrinsic value, no promise or expectation of any financial return, profit, interest or dividend.”\u00a0<\/span><\/p>\n

The team further asserts that in regard to the Memeland ecosystem, the Memecoin does not represent \u201cany entitlement to any voting rights.\u201d\u00a0<\/span><\/p>\n

However, despite the meme coin not having a roadmap, utility, and future return, it did not sway crypto investors from purchasing the meme coin. In addition, the crypto community is still eager to buttress the startup, demonstrating crypto investors’ trust and faith in the new meme coin.<\/span><\/p>\n

According to data from MEME’s tokenomics, it was revealed that the first 2.7% of the total supply of the MEME token will be released on October 27. Meanwhile, the remaining portion will be “unlocked daily over the course of eighteen months.”<\/span><\/p>\n

Meme Coin Captures Crypto Investors’ Interest<\/span><\/h2>\n

The cryptocurrency community’s interest in the newly introduced MEME token can be traced back to the future profit potentials of <\/span>meme coins<\/span><\/a>. Meme coins can offer huge investment returns for investors, although they can also be risky for those who do not engage in proper research before investing in the tokens.\u00a0<\/span><\/p>\n

One notable meme coin that has garnered huge returns for investors and produced hundreds of millionaires in the 2021 bull run is the <\/span>Shiba Inu<\/span><\/a> (SHIB) meme coin.\u00a0<\/span><\/p>\n

Related Reading: The Battle of Memecoins: EverLodge vs Shiba Inu \u2013 Which Holds the Key to Success?<\/a><\/p>\n

The <\/span>Dogecoin<\/span><\/a> rival was launched in 2020 but later rose to fame in 2021 after significant price surges. The token has managed to remain a vital meme coin to this day.<\/span><\/p>\n

\"Shiba
Shiba Inu price at $0.000008 | Source Tradingview.com<\/a><\/figcaption><\/figure>\n

The Shiba Inu was launched with an initial price of $0.000000001009, according to CoinMarketCap. By May 2021, the token was traded at $0.00003469, indicating an over 10,000% surge in price. The token is the currency being traded at $0.000008 as of the time of writing.<\/span><\/p>\n

Featured image from Memeland, chart by Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency space is indeed full of surprises. Recently, an emerging meme coin called $MEME, which has no roadmap or utility has already raised over $11 million in its ongoing firesale. Memecoin (MEME) Achieves A Major Milestone With Firesale MEME is an Ethereum-based memecoin that operates under the ERC-20 network, with a total supply of 69 billion MEME tokens. The token was designed by a web3 startup called Memeland and launched by the team that worked on 9GAG. According to the Memecoin fire sale page, the brand new meme coin reportedly sold over 11.4 billion MEME tokens selling at $0.001 in its ongoing firesale. This indicates a significant 150% surge, beating the team’s expectations from the very beginning. The token’s active firesale which has amassed over $11 million already has done this despite being a waitlist-only sale. Related Reading: AiDoge Reaches $9 Million Mark in Presale, Looks Set for More Milestones In line with Memecoin’s whitepaper, the team highlighted that the token “has no functions, no utility and no intrinsic value, no promise or expectation of any financial return, profit, interest or dividend.”\u00a0 The team further asserts that in regard to the Memeland ecosystem, the Memecoin does not represent \u201cany entitlement to any voting rights.\u201d\u00a0 However, despite the meme coin not having a roadmap, utility, and future return, it did not sway crypto investors from purchasing the meme coin. In addition, the crypto community is still eager to buttress the startup, demonstrating crypto investors’ trust and faith in the new meme coin. According to data from MEME’s tokenomics, it was revealed that the first 2.7% of the total supply of the MEME token will be released on October 27. Meanwhile, the remaining portion will be “unlocked daily over the course of eighteen months.” Meme Coin Captures Crypto Investors’ Interest The cryptocurrency community’s interest in the newly introduced MEME token can be traced back to the future profit potentials of meme coins. Meme coins can offer huge investment returns for investors, although they can also be risky for those who do not engage in proper research before investing in the tokens.\u00a0 One notable meme coin that has garnered huge returns for investors and produced hundreds of millionaires in the 2021 bull run is the Shiba Inu (SHIB) meme coin.\u00a0 Related Reading: The Battle of Memecoins: EverLodge vs Shiba Inu \u2013 Which Holds the Key to Success? The Dogecoin rival was launched in 2020 but later rose to fame in 2021 after significant price surges. The token has managed to remain a vital meme coin to this day. The Shiba Inu was launched with an initial price of $0.000000001009, according to CoinMarketCap. By May 2021, the token was traded at $0.00003469, indicating an over 10,000% surge in price. The token is the currency being traded at $0.000008 as of the time of writing. Featured image from Memeland, chart by Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":557714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[33181,85699,89725,83668,83667,84558],"class_list":["post-557709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-meme","tag-memecoin","tag-memeland","tag-shib","tag-shiba-inu","tag-shibusdt"],"acf":[],"yoast_head":"\nThis Brand New Meme Coin Just Raised $11 Million In A Firesale With No Roadmap<\/title>\n<meta name=\"description\" content=\"Recently, an emerging meme coin called $MEME, which has no roadmap or utility has already raised over $11 million in its ongoing firesale.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/www.wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"This Brand New Meme Coin Just Raised $11 Million In A Firesale With No Roadmap","url":"http:\/\/www.wncen.com\/news\/meme-coin-raised-11-million\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/news\/meme-coin-raised-11-million\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/10\/Memecoin.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/10\/Memecoin.jpg?fit=1080%2C1080"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["meme","memecoin","memeland","shib","shiba inu","shibusdt"],"dateCreated":"2023-10-26T15:00:18Z","datePublished":"2023-10-26T15:00:18Z","dateModified":"2024-06-11T14:30:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"This Brand New Meme Coin Just Raised $11 Million In A Firesale With No Roadmap\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/meme-coin-raised-11-million\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/meme-coin-raised-11-million\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Memecoin.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Memecoin.jpg?fit=1080%2C1080\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"meme\",\"memecoin\",\"memeland\",\"shib\",\"shiba inu\",\"shibusdt\"],\"dateCreated\":\"2023-10-26T15:00:18Z\",\"datePublished\":\"2023-10-26T15:00:18Z\",\"dateModified\":\"2024-06-11T14:30:28Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/10\/Memecoin.jpg?fit=1080%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/557709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=557709"}],"version-history":[{"count":0,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/557709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/557714"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=557709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=557709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=557709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}