NIKE Coin: The Rise of a Meme Coin Inspired by Charles Hoskinson\'s Pet Pig

In an unexpected twist, the ADA community saw an epic event unfold in just 24 hours. Charles Hoskinson, the creator of Cardano, posted a photo of his pet pig

Creator of Cardano (ADA) Surprised by Rapid Ascent of Meme Coin Inspired by His Pet Pig

What happened: In an interesting turn of events, the ADA community witnessed an epic event unfold in a matter of 24 hours.

Charles Hoskinson, the creator of Cardano, posted a photo of his pet pig, Nike, on social network X. This simple post quickly led to the creation of a new meme coin called NIKE.

The NIKE coin, inspired by Hoskinson's pig, quickly gained popularity. It now has a market capitalization of 1.72 million ADA, or about $650,000. In addition, its trading volume reached 1.51 million ADA, making it the third most traded token in the Cardano ecosystem over the last day.

Eight hours after his initial post, Hoskinson expressed his surprise, noting that he was “stunned” that a picture of his pig had resulted in a meme coin approaching a million dollars in less than 12 hours.

Fun Fact: I have a pig named Nike

pic.twitter.com/53KeeYD1Sf

As NIKE gains momentum, it is challenging another popular meme coin in the Cardano ecosystem, SNEK. SNEK, the largest meme coin in the ecosystem, has a market capitalization of $74 million and a trading volume of $607,179. The rapid rise of NIKE raises the question of whether it could surpass SNEK in popularity and value.

While Hoskinson seemed amused and puzzled by the rapid rise of a token based on his pet, this event again demonstrates the enthusiasm of the community and the influence of attention on market trends.

The Cardano ecosystem may now see increased competition among meme coins, with NIKE emerging as a strong contender against established tokens like SNEK. As the ADA community watches this new development, many are curious to see if the pig-themed coin can overtake its snake-themed counterpart.

News source：https://www.kdj.com/cryptocurrencies-news/articles/nike-coin-rise-meme-coin-inspired-charles-hoskinson-pet-pig.html

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