Jordan Castro – higher often called Poopie, co-founder of the NFT venture Doodles – has launched a meme cryptocurrency known as Poopcoin ($POOP).

Inside ten hours of launch, Poopcoin has seen vital buying and selling, with over $60 million in transactions recorded to date.

Poopcoin operates on the Ethereum Layer-2 community Base, and was launched by way of a quote-post on X in response to Ethereum co-founder Vitalik Buterin’s latest opinion put up on memecoins. Within the put up, the Ethereum co-founder mentioned the memecoin ecosystem, denouncing intentionally offensive memecoins whereas applauding “high-quality, enjoyable projects that add value to the ecosystem and the world around them.”

Poopcoin’s Future Stays Unsure

The distribution of Poopcoin was primarily carried out by way of an airdrop to Doodles NFT holders and choose early adopters, together with people who initially minted Doodles however have since offered their NFTs.

Following the discharge of $POOP, two wallets have managed to accumulate over 36% of the whole provide of Poopcoin, exceeding the allocation for neighborhood members and early adopters. One pockets secured 23.5% of the Poopcoin provide and distributed 20% of it throughout 95 wallets, realizing earnings totaling $450,000 to this point.

Regardless of its speedy rise, Poopcoin’s future stays unsure, with Castro cautioning that its worth “could very well be worth less than zero, like a fresh, steaming pile of dung.”

POOP is now nearly 80% down from since its inception in accordance with CoinGecko.

Blockchain fanatic and lifelong gamer.