In an unexpected twist, the ADA community watched an epic event unfold in just 24 hours. Carlos 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 coin called NIKE.
In an unexpected twist, the ADA community watched an epic event unfold in just 24 hours. Carlos 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 coin called NIKE.
The NIKE coin, inspired by Hoskinson’s pig, quickly gained popularity. It now has a market capitalization of 1.72 million ADA, or about $650,000. Furthermore, its trading volume reached 1.51 million ADA, making it the third most traded token in the Cardano ecosystem over the past day.
Tomiwabold Olajide
Hoskinson expressed his surprise eight hours after his initial post, noting that he was “shocked” that a photo of his pig had resulted in a meme coin approaching $1 million in less than 12 hours.
As NIKE gains momentum, it is challenging another popular meme coin in the Cardano ecosystem, SNEK. SNEK, the largest meme 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.
While Hoskinson seemed amused and bewildered by the rapid rise of a token based on his mascot, this event again demonstrates the enthusiasm of the community and the influence of attention on market trends.
Gamza KhanzadaevThe Cardano ecosystem may now see increased competition among meme coins, with NIKE emerging as a strong contender against established tokens like SNEK. As the ADA community watches this new development, many are curious to see if the pig-themed coin can outperform its snake-themed counterpart.
