Today marks an intriguing moment in the meme coin saga with the impending launch of Thug Life Token billed for 18:00 CET. Meme coin enthusiasts, colloquially known as degens, have their eyes set on $THUG, acknowledged by several experts as one of 2023’s standout shitcoin investment prospects. This comes after its presale ended over the weekend, amassing an impressive $2 million in under two weeks. With this key indicator, it’s expected that a significant demand for the token remains, pushing its debut into the trading world.
Decentralized exchanges (DEXs) on the Ethereum Blockchain anticipate the entrance of $THUG, with a few lucky investors ready to claim their tokens after jumping aboard during the project’s presale. The soaring anticipation and probable FOMO, as traders who haven’t yet acquired $THUG prepare to do so, might significantly push the token’s price beyond the presale tag.
The $THUG token rides on the culture propelling the Thug Life movement, a legacy from the hip-hop world of the ’80s influenced by legendary stars like Snoop Dogg. With a self-acclaimed title of the “baller’s meme coin,” this token attempts to inculcate a sense of dominion and influence in a market where participants are aiming for the ultimate financial liberation.
A substantial buzz surrounds Thug Life Token. Much of this excitement comes from the reputation of the team behind the token, previously involved in the creation of Sponge. Recall, $SPONGE succeeded in leveraging gains of almost 100x from its DEX launch value and hit a peak market capitalization near the $50 million mark.
The crypto community is already conversing about Thug Life Token, thanks to the efficient outreach employed by the team which recognizes the power of a dedicated and engaged community of meme coin degens. That’s probably why $THUG is off to an impressive start in the social media space, boasting more than 4800 followers on Twitter and over 2600 subscribers on their Telegram channel.
An interesting aspect of $THUG that warrants attention is its refreshing outlook on tokenomics. 70% of the token supply was up for grabs in the presale, with no allocations reserved for insiders or the team. They also plan to allocate 15% of their 4.2 billion tokens to community giveaways, illustrating their community-first approach. Additionaly, another 15% has been reserved for marketing and DEX liquidity. This unique fairness in token distribution, merged with their massive marketing push, hints at an impending pump for $THUG.
Importantly, the team has promised to lock liquidity for at least three months after the token’s DEX launch— this isn’t a common stance in the meme coin ecosystem, but indeed a commendable one. As industry observers further applaud $THUG’s fresh stance as a meme coin, the token isn’t built around trendy dog memes or fleeting social media crazes. Instead, it trails the timeless “Thug Life” movement—a factor that the Thug Life Token campaign champions as giving a second chance to individuals who’ve felt exploited in the past.
As Thug Life Token aims for a $100 million market cap, YouTuber Michael Wrubel already predicts potential 100x gains for the token, pushing its market cap near the $300 million mark. Meme enthusiasts, buckle up; Thug Life Token might just be the next big thing!
Disclaimer: Crypto-assets carry high risks. This write-up is purely informational and should not be misconstrued as investment advice. You stand a risk of losing your capital.
Source: Cryptonews
