Vitalik Buterin Makes Jokes About Meme Token, Prices Soar 5,500% in 12 Hours

A new meme coin called DIE that was inspired by a tweet from Vitalik Buterin has increased by more than 5,500%. Some people believe the coin to be a bubble, though.

Another meme coin has been made thanks to Vitalik Buterin. The crypto community has developed a token called DIE as a result of yet another tweet just a few days after humorously proposing that there might be a project named “The Protocol,” which was meant to be satire.

The German word for “the” is DIE. The asset was quickly created by developers, and Die Protocol’s social media pages were soon up and running. Unsurprisingly, the value of this coin has soared, with DEXTools reporting that in the past day, the price has increased by more than 5,500%.

One of the reasons that the token is rising so much is the fact that, besides being a meme coin, it has been listed on several notable exchanges, including Huobi and MEXC. It is also available on smaller exchanges.

Meme coins, which Buterin served as the inspiration for, are proving to be very successful in 2022, surpassing other assets by a wide margin. During the crypto winter, investors may be restricted from dispersing their money in the market, but it is clear that meme coins are exempt from this restriction.

DIE is still rising – Vitalik Buterin

In the cryptosphere, there is a lot of discussion around DIE tossing THE, the first meme coin. DIE now has a $8.6 million market cap, with far more buys than sales. There is currently more than $400,000 in liquidity, and thus far, it doesn’t seem like a honeypot.

Some members of the cryptocurrency community appear to not believe that there will be any risks, predicting that the token’s market valuation will reach the tens of millions in the next weeks. Investors should be suspicious of any tokens of this sort because they all appear to be pushing the token.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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