Dogecoin millionaire supporting Reddit meme token over Reddit’s official upcoming IPO stock

On Mar 21, 2024

Slumdog millionaire bullish on Reddit meme token, as the Reddit company heading toward IPO offerings.

Reddit is the top social media platform in the US which is also known for its crypto & blockchain-related works. In 2020, Reddit started to adopt blockchain technology to integrate its services to the next level for the platform users but later introduced some restrictions on crypto adoption & integration. In Feb of this year, this company reportedly purchased a decent amount of Bitcoin, Ethereum, and Matic.

Reddit confirmed that it purchased #Bitcoin & Ethereum

“We invested some of our excess cash reserves in Bitcoin and Ether and also acquired Ether and Matic as a form of payment for sales of certain virtual goods, which we may continue to do in the future,” company said
— Bitcoinik (@Bitcoinikdotcom) February 23, 2024

As we know currently Reddit Inc is gearing up for a massive initial public offering (IPO), and the excitement is palpable. This company aimed to issue $34 per share.

A popular crypto influencer Glauber Contessoto (Slumdoge millionaire), known for his wise investment in Dogecoin in 2021, jumped in support of a meme crypto token Reddit (RDDT).

Glauber said that he wishes that the meme Reddit token surpasses the trade price of upcoming Reddit stock. If it happens then it will be a major win for crypto enthusiasts.

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If the meme coin $RDDT flips the actual #REDDIT stock IPO with the ticker symbol $RDDT than we have done our jobs as crypto enthusiasts well and we have fought the good fight and have won! 🫡🚀 LFG! @RDDTCOIN

WE LIKE THE COIN!!! pic.twitter.com/DHYYoKE6fE
— SlumDOGE Millionaire (@ProTheDoge) March 21, 2024

Anthony Pompliano, a popular crypto influencer, also shared his opinion but opposite to Glauber. He said that if the meme crypto token of Reddit will surpass Reddit stock then it will lead to another trend for the crypto enthusiasts & they will create new meme tokens against every new IPO in the market.

Reddit, which is the 17th most popular website in the world, was valued at $6.5 billion for their IPO today.

Someone created a Reddit crypto coin also, which has nothing to do with the company, yet many people are buying the token because they think it will appreciate more than…
— Pomp 🌪 (@APompliano) March 21, 2024

At the time of writing this article, currently two Reddit meme tokens are in existence and both of these two tokens are available on the Ethereum network.

Here all the readers need to know that no one Reddit crypto token backed by a Reddit company directly or indirectly and also performance of any of the tokens will not depend on the performance of the Reddit company. So don’t invest in these token blindly without any research.