illy Markus, aka Shibetoshi Nakamoto, a co-founder of Dogecoin, is one of the few personalities resonating greatly with the crypto space. Recently, again, this playful spirit has swept away the community with the announcement of a new addition to his family– a kitten he's named Caramelo or Melo.
The heartwarming tweet has not only warmed the hearts of fans but also laid the foundation for the introduction of a new memecoin: $MELO.
The Tweet That Launched $MELO
Shibetoshi tweeted about his new kitten on September 29, 2024. In a matter of hours, the $MELO token was created with the influence of Shibetoshi's words. As interest in the token went through the roof, MELO/WETH reached a market value of $2.3 million shortly after its launch, with as much as $4.7 million in 24-hour trading volume.
The Ripple Effect of Memes
The creation of the $MELO illustrates better the power of memes in the cryptocurrency space. The great thing about Memecoins is that they are community-driven and find their way to shared humour; no exception here with $MELO. The token launched from the very start with a community-driven approach, drawing on that very same grassroots enthusiasm that propelled Dogecoin into viral fame.
In less than two hours from the tweet, the $MELO finished its first trading activities, indicating the urge within the community to participate in this deal. This token reached a peak market value of $2.68 million; initial profit margins went as high as 1002%.
The $MELO token has been quite popular since it was released. As of now, the community boasts of more than 2,500 holders who trust and believe in the potential of this token. This is further supported by fast-rising popularity, as this token occupies the top positions among all tokens on DEXs such as DexScreener and DexTools.
In just 24 hours since the launch, $MELO has surpassed the trading volume of $25 million. This is not just numbers, but evidence of community enthusiasm in belief in the mission and humor behind the token.
Community and Future Potential
What makes $MELO stand apart from any other cryptocurrency is the fact that it is totally decentralized. There is no main team to guide or manage it; its future depends on the energetic project community. This fully meets Shibetoshi's initial idea of Dogecoin– a coin that might have been born with humor but received such great force thanks to the dedication of its users.
The community has been very active in promoting the token on social media. The following grew very fast and is currently more than 1,000 followers on X. A Chinese community was formed on Telegram to bind all $MELO enthusiasts from around the world.
Impact Beyond Trading
True to its ideals, the recent $MELO community made an impassioned donation to Neighborhood Cats - a charity that betters the lives of street cats. This Charity Event underlines giving back, the ethos defining the $MELO movement, proving crypto can make positive changes in the world outside of the blockchain.
As this new memecoin rises in popularity, it is undeniable that the continued legacy of the immense popularity of Dogecoin lives on through a new generation of crypto enthusiasts, one adorable kitten at a time. From figures showing its growth and community-driven ethos, $MELO will no doubt leave a very indelible mark in the crypto landscape.
