{"id":578548,"date":"2022-10-20T13:01:44","date_gmt":"2022-10-20T12:01:44","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=578548"},"modified":"2022-10-20T13:01:59","modified_gmt":"2022-10-20T12:01:59","slug":"this-5-day-old-token-up-150","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/this-5-day-old-token-up-150\/","title":{"rendered":"\u201cThe\u201d Token Up 150% in the Last 24 Hours Since Ethereum\u2019s Founder Vitalik Jokingly Suggests It"},"content":{"rendered":"\n<ul><li>A meme project and token called the \u201cThe Protocol,\u201d jokingly suggested by Vitalik Buterin, has been created, and the token has quickly started pumping.<\/li><li>The THE token is up by 150% over the past 24 hours and is currently priced at $0.03. 24-hour trading volume is at $20.3 million.<\/li><li>The token, which has a total supply of 1 billion THE, continues to pump and has a fully diluted market cap of $38 million.<\/li><li>THE is also trending on Crypto.com and CoinMarketCap, with listings on MEXC and Gate.<\/li><\/ul>\n\n\n\n<p>A token that Ethereum co-founder Vitalik Buterin jokingly suggested has become a reality. The \u201cThe Protocol\u201d project, which Buterin clearly described to poke fun at the shilling of projects, has been created, with the THE token up by 150% in the last 24 hours.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Someone should make a project called &quot;THE Protocol&quot;, so that their shills can say &quot;Look, soandso mentioned THE!&quot; pretty much any time anyone says anything.<\/p>&mdash; vitalik.eth (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1580981360499757056?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">October 14, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The token\u2019s pump proves Buterin\u2019s point, which is that shills will promote anything. The crypto community has also reacted, with podcast host Holger saying that he only thought these tactics worked during a bull market.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Something something how it started how it&#39;s going&#8230;<br><br>I always thought bullshit only works in bull market <a href=\"https:\/\/twitter.com\/search?q=%24THE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$THE<\/a> <a href=\"https:\/\/t.co\/zf7DpR0vj4\" rel=\"nofollow\">pic.twitter.com\/zf7DpR0vj4<\/a><\/p>&mdash; Holger \ud83c\udf08 (@rohmeo_de) <a href=\"https:\/\/twitter.com\/rohmeo_de\/status\/1582987977516797953?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">October 20, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>It turns out that this is not the case, and Vitalik has also reacted upon learning of the project\u2019s case, tweeting about what he had done when he made the initial remark. This may be the start of a new <a href=\"https:\/\/en.ethereumworldnews.com\/shiba-inu-gains-over-20-as-robinhood-lists-memecoin-and-three-other-tokens\/\" target=\"_blank\" rel=\"noreferrer noopener\">meme coin<\/a>, which certainly has no shortage of shills.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">ok what have I done <a href=\"https:\/\/t.co\/bFmLHFeRuo\" rel=\"nofollow\">https:\/\/t.co\/bFmLHFeRuo<\/a> <a href=\"https:\/\/t.co\/EkEjNROr9X\" rel=\"nofollow\">pic.twitter.com\/EkEjNROr9X<\/a><\/p>&mdash; vitalik.eth (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1582081555333144577?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">October 17, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The project itself recognizes that it is a meme, with the Twitter handle mostly posting memes. The pinned post is also Vitalik\u2019s original tweet. The handle has over 4,200 followers and over 2,000 members on Telegram \u2014 and is quickly becoming discussed on the social media platform.<\/p>\n\n\n\n<h2>THE Has Pumped by Over 150%<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img width=\"1024\" height=\"545\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/10\/THE-token-1024x545.jpg\" alt=\"THE protocol token price\" class=\"wp-image-578549\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/10\/THE-token-1024x545.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/10\/THE-token-300x160.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/10\/THE-token-770x410.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/10\/THE-token-269x143.jpg 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/10\/THE-token-746x397.jpg 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/10\/THE-token.jpg 1072w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><figcaption>THE\/USD Chart by TradingView<\/figcaption><\/figure>\n\n\n\n<p>Unsurprisingly, the THE token has started pumping to an enormous value. The 150% price jump over the past 24 hours takes the price to $0.03. As a meme coin, it could very well even reach even higher figures, as meme coins have a way of pulling investors in.<\/p>\n\n\n\n<p>The 24-hour trading volume stands at $20.3 million, which just further illustrates Buterin\u2019s point. The fully diluted market cap stands at $38 million. There are 100 billion of these tokens.<\/p>\n\n\n\n<p>It has already reached the top spot on DEX tools. THE is also trending on Crypto.com and CoinMarketCap and has been listed on Gate and MEXC.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img width=\"1003\" height=\"579\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/10\/DEX.png\" alt=\"The token is trending on DEXTools\" class=\"wp-image-578550\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/10\/DEX.png 1003w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/10\/DEX-300x173.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/10\/DEX-770x444.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/10\/DEX-269x155.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/10\/DEX-746x431.png 746w\" sizes=\"(max-width: 1003px) 100vw, 1003px\" title=\"\"><figcaption>THE Token is Trending: <a href=\"https:\/\/www.dextools.io\/app\/en\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">DEXTools<\/a><\/figcaption><\/figure>\n\n\n\n<p>Meanwhile, other meme coins like DOGE and <a href=\"https:\/\/en.ethereumworldnews.com\/shib-binance-card-onboard-meme-coin\/\" target=\"_blank\" rel=\"noreferrer noopener\">SHIB<\/a> aren\u2019t faring quite as well as THE. The former is up by over a 1%, while SHIB has marginally dropped in value over the last day.<\/p>\n\n\n\n<p>2023 may be another good year for meme coins. In any case, it will be interesting to see where THE goes and how long it can sustain the meme.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A meme project and token called the \u201cThe Protocol,\u201d jokingly suggested by Vitalik Buterin, has been created, and the token has quickly started pumping. The THE token is up by 150% over the past 24 hours and is currently priced at $0.03. 24-hour trading volume is at $20.3 million. The token, which has a total supply of 1 billion THE, continues to pump and has a fully diluted market cap of $38 million. THE is also trending on Crypto.com and [&hellip;]<\/p>\n","protected":false},"author":52,"featured_media":578555,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[947,2],"tags":[48,83,1322,108757,108758,108759,256],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/578548"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=578548"}],"version-history":[{"count":3,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/578548\/revisions"}],"predecessor-version":[{"id":578560,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/578548\/revisions\/578560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/578555"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=578548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=578548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=578548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}