PRAWN, a meme coin impressed by the character Pepe the King Prawn from the Muppets, inside a number of days of its launch, has already reached a formidable ATH of $48 million. After going viral on TikTok, the meme coin skilled a fast rise, which, as is commonly the case, was adopted by a pointy correction that introduced PRAWN right down to a market cap and all-time low of $3.5 million.
Nonetheless, the coin has rebounded over the previous three days, surging greater than 145% in simply the final three days. At present, it’s sitting at a market cap of $15 million—almost a 5x restoration from its lowest level.
Just like Chillguy, this crazy-looking prawn grew to become widespread because of a TikTok. Memes and movies that includes Pepe the King Prawn, a humorous Muppet with messy hair and massive eyes, are trending. It began on TikTok from a clip from the 1999 film Muppets in Area.
Within the clip, Pepe’s shocked and frazzled look completely captures awkward or embarrassing moments. Good for a technology that usually can’t actually match into this society.
Pepe The King Prawn simply made the TikTok sound “Like a Prayer” (Choir Model) the #2 trending sound on the earth at the moment.
I’m shocked it’s not #1 after having 220,000+ uploads in lower than per week
That is the largest TikTok & Instagram meme on the earth and it’s simply getting… pic.twitter.com/itmwa1ZWlg
— YoGChill (@yogchill_) December 13, 2024
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PRAWN Crypto – The King Of TikTok And Now Of The Blockchain?
(PRAWNUSDT)
The chart of PRAWN exhibits a extremely unstable value motion, typical of meme cash, with sharp upward spikes adopted by corrections. After its peak at $48 million, the coin is buying and selling at $15 million, suggesting a consolidation part. The current 145% pump over three days highlights the renewed curiosity, probably pushed by its itemizing on Crypto.com and its vibrant neighborhood’s exercise on social media. These actions point out that whereas PRAWN has but to stabilize, its community-driven momentum performs a big position in its value dynamics.
Can Pepe the King Prawn obtain the identical degree of success as ChillGuy? The fast rise of this development, which noticed tens of millions of customers create their very own variations of the meme, suggests a powerful and lively curiosity within the matter.
Nonetheless, the broader panorama for meme cash presents a blended image. On Solana, the expansion price of meme cash seems to be slowing, signaling potential fatigue or saturation in that ecosystem. Quite the opposite, $PRAWN appears to be going towards the grain and has reached virtually $50 million in ATH in just some days since its launch.
How i really feel waking as much as https://t.co/4ni4dCtBs1 itemizing $prawn after shopping for the dip final night time pic.twitter.com/lFOFtmBbC6
— oli (@Oligotsol) December 11, 2024
Like ChillGuy, Prawn’s success is said to its virality on-line. The meme’s adaptability, with numerous artistic iterations showing on TikTok and Instagram, retains the coin’s narrative recent and fascinating. PRAWN’s neighborhood appears positive about this meme coin’s future success. The itemizing on Crypto.com may very well be step one in that route.
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The put up PRAWN Crypto is New Muppets Meme Coin: Can This New TikTok Meme Replicate ChillGuy Success? appeared first on 99Bitcoins.
