Cardano founder’s pig-inspired meme token secures $1 million valuation: 83,000% pump

Charles Hoskinson noted how some Crypto people wisely used a picture of his pig to create a new meme token & grabbed huge attention among retail crypto investors.

Cardano is a popular Proof-of-Stake (PoS) crypto blockchain network which is mainly known for its ability to process crypto transactions with full stability. Charles Hoskinson is the founder of this crypto project. After leaving the Ethereum project in 2013, Hoskinson started working on Cardano & finally launched in 2017. 

On 17 June 2024, Charles Hoskinson informed his followers that he owns a pig named Nike. 

Just after 3 hours of this tweet, a person launched a meme token “$Nike”. 

On 18 June, Hoskinson noted that the $Nike meme token surged rapidly in terms of trade price as well as the market value. This newly launched token hit nearly $1 million.

The Cardano founder called it a very big loss for him to share the big picture.

 At the time of writing this article, the trade price of this meme token is $0.00066 & this price has been 80,000% higher over the last 24 hours.

Meme coins trend 

In 2024, the majority of the flagship crypto assets struggled badly in terms of money inflow. 

In particular, only Artificial intelligence (AI) focussed cryptocurrencies or meme tokens grabbed popularity as well as money inflow.

It is worth it to note that many non-crypto influencers also showed their inclination toward the crypto sector & backed new meme token projects to generate big income easily.

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