PRAWN, a meme coin impressed by the character Pepe the King Prawn from the Muppets, inside a couple 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 usually the case, was adopted by a pointy correction that introduced PRAWN all the way down to a market cap and all-time low of $3.5 million.
Nevertheless, the coin has rebounded over the previous three days, surging greater than 145% in simply the final three days. At the moment, it’s sitting at a market cap of $15 million—practically a 5x restoration from its lowest level.
Just like Chillguy, this crazy-looking prawn turned fashionable due to 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. Excellent for a technology that always 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 planet right this 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 planet 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 risky 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 section. The latest 145% pump over three days highlights the renewed curiosity, doubtlessly pushed by its itemizing on Crypto.com and its vibrant group’s exercise on social media. These actions point out that whereas PRAWN has but to stabilize, its community-driven momentum performs a big function in its value dynamics.
Can Pepe the King Prawn obtain the identical stage of success as ChillGuy? The fast rise of this pattern, which noticed thousands and thousands of customers create their very own variations of the meme, suggests a robust and energetic curiosity within the matter.
Nevertheless, the broader panorama for meme cash presents a combined image. On Solana, the expansion fee 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 nearly $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 varied inventive iterations showing on TikTok and Instagram, retains the coin’s narrative contemporary and fascinating. PRAWN’s group appears positive about this meme coin’s future success. The itemizing on Crypto.com might be step one in that course.
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