Doodles co-founder Poopie, also known as Jordan Castro, launched a memecoin named Poopcoin (ticker $poop). Since its launch 10 hours ago, nearly $60 million worth of shit has already changed hands as of 6 PM ET at the time of publication, and while Memcoin’s market cap is around $7 million, that figure is It’s decreasing rapidly throughout the day.
Poopie announced the coin of He praised “a high-quality, fun project that does the same thing.” The world around them.”
Memecoins were airdropped to Doodles NFT holders and certain other early adopters, such as the person who created the original Doodle, even after selling the NFT. Memecoin, which Castro warned could be “worth less than zero, like a pile of fresh, steaming poop,” was created on Base, an Ethereum layer 2 network created by Coinbase.
Immediately after Poopie was announced, two wallets purchased more than 36% of the coin’s total supply, surpassing the 15% allocated to community members and early adopters, according to blockchain analytics firm Bubblemaps.
One wallet that purchased 23.5% of the coin supply still holds 20% across 95 wallets. So far, they have realized $450,000 in revenue, according to Bubblemaps data shared with The Block.
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