Despite the challenging market conditions, meme coins have become incredibly popular lately.
A dog-themed joke cryptocurrency called $HACHI has just pumped 6,000% in the last 24 hours, generating a lot of buzz online. Investors are also monitoring Wall Street Memes and AiDoge as the craze for meme coins continues to influence the market.
Let’s take a look at what’s behind the rise of these three meme coins.
What you'll learn 👉
Hachiko: The Asian Love Affair Continues
Several meme coins have been inspired by Japanese Shiba Inu dogs, beginning with Dogecoin, which adapted a mascot of a Japanese Shiba Inu dog.
A new meme coin, $HACHI, also draws heavily from this friendly partnership and is focused on a much deeper concept.
The story revolves around pet owner Hidesaburo Ueno’s strong bond with his dog, Hachiko. Hachiko is portrayed as faithfully making his way to Shibuya Station every day to welcome his owner home from work.
However, Ueno dies from a cerebral hemorrhage while at work without Hachiko’s knowledge. This does not deter the dog as he continues to visit the train station every day, eagerly anticipating his owner’s return until his death a few years later.
Hachiko’s unwavering loyalty has become a symbol of faithfulness and fidelity in Japan and has been immortalized in books, films, and statues across the country. The $HACHI token has been on a tear since it launched.
The meme token surged 6,000% in 24 hours, reaching a record value of $0.00003036 before cooling down to $0.000015, reflecting a 10.68% surge in an hour.
However, $HACHI has not been the only one making headlines in the crypto market. Wall Street Memes and AiDoge are also making waves as meme coins continue on their massive adoption.
Wall Street Memes (WSM): New Token That’s Raised $5m in Less Than Two Weeks, Tweeted by Musk
Inspired by the GameStop debacle of 2021, $WSM is the native token for the Wall Street Memes crypto project.
According to the project developers, the retail investors’ fight against corporate greed and capitalism paved the way for the Wall Street Memes concept.
The $WSM token is a way of tokenizing this remarkable shift in financial dynamics, which acknowledges the internet’s triumph over capitalism.
This concept has attracted the attention of many, including Elon Musk, who has frequently interacted with the Wall Street Memes ideology.
This has significantly boosted the project’s credibility, with over 1 million community members and 400 million impressions online. Elon Musk even interacted with the project on Twitter.
The Wall Street Memes developers were also the creators of one of the most successful Ethereum NFT collection launches in 2021, called Wall St Bulls, which sold out in under 32 minutes.
Continuing in that spirit, the project has launched a Bitcoin-focused Wall Street Ordinals NFT collection. So far, the $WSM token is on cue for a tier-1 crypto listing after blazing through most of its presale stages.
The meme token has already garnered $5.19 million in funding since its launch. Early-bird investors interested in this top crypto presale can buy the meme token for $0.0277.
Visit Wall Street Memes Presale
AiDoge ($AI): Next-level Meme Generator That’s Raised $14.9m with IEO Imminent
The crypto space has been one of the fastest adopters of new technology. Following the rise of artificial intelligence (AI) in the last eight months, many AI-enabled crypto projects have also been launched.
One such innovative project is AiDoge, a community-driven meme generation platform that uses AI to enable anyone to create the perfect meme following a blend of socio-cultural and demographic blend.
The AI tool has been fed billions of memes, allowing it to generate contextually-relevant memes using text prompts. AiDoge also rewards the best meme artists with its native $AI token.
These meme artists are publicly voted for by community members and rewarded.
Besides serving as a reward mechanism, the $AI token is used in purchasing credits for the meme generator’s prompting functionality.
$AI token has been one of the standout stars in the crypto space in the past months and recently concluded its presale stage.
The project token raised an impressive $14.9 million during its presale phase, which lasted less than a month.
The public presale has now concluded, and the $AI token is set to be listed on a leading CEX on June 19th, with the token backed to explode on launch.
However, investors can buy AiDoge at its current listing price of $0.0000336 before the set date.
