In recent days, a fresh entrant to the meme coin universe, themed on South Park’s character Mr. Hankey, has been rapidly gaining traction within the crypto community. This enthusiastic anthropomorphic bit of feces, previously a Christmas deity in the cartoon, is emblematic of the new coin, which is boldly branding itself as the crème de la crème of the crypto world’s “shitcoins”. The excitement is ramping up as a stealth presale is scheduled for just a day away.
Buzz for the token has been spreading across social media platforms, amassing over 5,600 followers on the official Mr Hankey Coin Twitter account and being on the verge of acquiring 1,000 members on its Telegram channel. The projected fundraiser is said to be a reasonably modest amount of $500,000, offering 40% of its 1 billion token supply. With a presale valuation of a humble $1.25 million, there is room for a potential exponential flourish.
For those casting shadowy doubts, we have noticed that tokens related to popular series like the Simpsons and SpongeBob SquarePants have shown promising results. South Park, just as influential, leaves an equally prominent cultural impact. Other South Park-inspired tokens have displayed potential, such as an Eric Cartman-themed coin that achieved a market cap of $150,000 back in May despite garnering less than 500 followers on either Twitter or Telegram.
Liquidity, a cornerstone of any viable crypto token, is assured by the project’s commitment to guarantee 40% of its token supply to decentralized exchange (DEX). To prevent a rug pull, the project has promised to secure this liquidity at the token’s launch. A noteworthy liquidity pool and a low presale valuation constitute substantial factors fuelling belief that it could be the next 100x crypto.
In addition to these factors, the South Park theme in itself brings novelty, as it’s still relatively an uncharted territory in the meme coin market. To top it all, speculations are rife that the marketing team might include members from teams behind other prominent tokens, like $SPONGE and $PEPE. This conjecture, combined with the already strong marketing push and a limited token availability, is expected to sustain FOMO into its DEX launch.
However, irrespective of the unique charm meme coins impose on crypto enthusiasts, it is important to underline that potential investors need to delve deeper into the project. Due to the high-risk nature of crypto investments, it would be wise to familiarize yourself with the project’s fundamentals before the presale commences. So, will Mr Hankey Coin be the spark for a surge in South Park-related tokens? Only time will tell.
Source: Cryptonews
