The newest entrant in the Web3 world, the South Park-themed Mr Hankey Coin ($HANKEY), made a strong debut on its launch at Uniswap, inviting hordes of crypto enthusiasts to participate in the promising venture. This new shitcoin, despite displaying initial volatility, showed an encouraging pattern, rallying from its launch price of $0.00125 up to a remarkable $0.0028. This strong performance captivated presale investors, who are still experiencing an approximate 2x lift, signalling further potential for $HANKEY.
This craze resulted in over $500,000 worth of liquidity being locked, a clear indicator to the meme coin community about the serious nature of the project. Substantial trade volumes anticipate $HANKEY to start trending on DEXTools. The possibility of new investors joining the wagon once they witness the massive liquidity lock and an impressive DEXT score of 99 out of 99, is high. With a moderate market cap of around $2.5 million, $HANKEY exhibits ample room for growth.
This contrasts to other shitcoins that despite weaker communities, the absence of sophisticated tokenomics, a frail marketing engine, and less attractive offerings, managed to achieve market caps in tens of millions of dollars. So, it won’t surprise if Mr Hankey Coin takes a giant leap in the crypto market.
The interactive community and official Twitter support for Mr Hankey Coin are already drawing attention to its prospective growth with over 7,750 followers. Renowned crypto news outlets including Cryptonews.com, BeInCrypto, Cointelegraph, CryptoPotato, Outlook India, and Coingape have already made a note of the token, further driving the attention towards it. Rumors around the active participation of dexterous marketing teams of $SPONGE and $PEPE in $HANKEY raise the hope of a better market performance of Mr Hankey Coin.
In an effort to augment the smooth trade of the token, 40% of the coin supply has been locked to decentralized exchange (DEX) liquidity. This markedly crucial step in the liquidity-stricken shitcoin space enhances confidence in the project and sets it apart from its counterparts. Drawing parallels from the astounding success of $PEPE coin, there seems to be no reason impeding Mr Hankey Coin from achieving a notable $100 million market cap.
As a word of caution, while the explosive upside seems promising, crypto remains a high-risk asset class, and intrepid investors need to exercise utmost caution.
Source: Cryptonews
