Web3’s hottest new South Park-themed shitcoin Mr Hankey Coin ($HANKEY) has seen an explosive start to life in wake of its decentralized exchange (DEX) launch.
After launching on Uniswap at 17:00UCT/12:00EDT at a price of $0.00125, $HANKEY quickly rallied as high as $0.0028.
The shitcoin has since been going sideways around $0.0025, with presale investors who got in for $0.00125 still in the region of 2x up.
But 2x gains could just be the beginning for $HANKEY.
Over $500,000 worth of liquidity has now been locked, a strong signal to the broader meme coin degen community that this is a project to be reckoned with and not a rug pull.
In light of high-volume trade in the last hour, which has now surpassed $600,000 as per DEXTools, $HANKEY is expected to soon start trending on DEXTools.
$HANKEY is already trending elsewhere, such as Telegram’s Trending pairs.
New degens should then start piling in, especially when they see the huge liquidity lock and when the DEXT score rises to 99 out of 99, which it should given Mr Hankey Coin’s solid token contract, website and strong community.
With a market cap of still only around $2.5 million, there is plenty of room for $HANKEY to explode to the upside.
Much lesser shitcoins with far weaker communities, far worse tokenomics, a far weaker marketing engine and a far less compelling story have achieved market caps in the 10s of millions of dollars.
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Here’s Why Mr Hankey Can 100x
Meme coin degens who managed to get in on Mr Hankey Coin’s presale, which sold out in less than 10 hours to raise $500,000, may have hit the jackpot with $HANKEY.
Indeed, the coin is demonstrating that it very much has the recipe for explosive upside.
Here are a few reasons why it can 100x.
$HANKEY Is a True Small Cap Gem
At its current price of $0.0025, Mr Hankey Coin is still a true low-cap gem.
Not often do you find a meme coin that has generated the amount of hype that Mr Hankey Coin has, but still only has a market cap of just over $2.5 million.
Much lesser meme coins have been able to achieve exponentially higher market caps.
Mr Hankey Coin is Already Going Viral
Mr Hankey Coin’s official Twitter account has already surged past 7,750 followers, while its Telegram is already at 1,600.
Reputable crypto news outlets like Cryptonews.com, BeInCrypto, Cointelegraph, CryptoPotato, Outlook India, and Coingape have all covered the token.
And a wave of high-profile crypto influencers has been promoting the token via giveaway competitions, including the likes of @MattInWeb3, @AmeerNFTs, and @mrbrown_nft, all of whom boast over 100K followers on Twitter.
All of the above suggests that Mr Hankey Coin has a serious marketing engine behind it.
Rumors are already circulating that the savvy marketing teams behind $SPONGE and $PEPE might have a hand in $HANKEY.
Massive DEX Liquidity Lock
The Mr Hankey Coin team is committed to providing a smooth token trading environment, and has subsequently already locked 40% of its token supply to decentralized exchange (DEX) liquidity.
That’s important because, in the absence of plentiful liquidity, meme coin degens often face the hurdle of inefficient buying and selling and significant potential losses due to price slippage.
Allocating such a large percentage of a new meme token’s supply to a DEX liquidity lock is a rare move in the scam-ridden shitcoin space and should help bolster confidence in the project.
If $PEPE coin was able to hit a monstrous market cap of $1.8 billion, there is no reason why Mr Hankey Coin can’t top $100 million.
100x gains are on the cards for the savvy investors who managed to get in on the presale.
Mr Hankey Coin can be purchased on Uniswap Here.
Visit Mr Hankey Coin Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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