YEREVAN (CoinChapter.com) — The 2024 Paris Olympics have impressed a brand new pattern: athletes’ names being become memecoins and traded on the open market. This distinctive phenomenon brings collectively sports activities followers and crypto merchants, mixing sports activities tradition with digital foreign money.
Memecoin Mania on the 2024 Olympics
Because the Paris Olympics proceed, curiosity in Olympic memecoins grows. These tokens are linked to the thrill of the Video games and are gaining traction.
The Meme Video games ($MGMES)
The Meme Video games ($MGMES) is an Ethereum-based token related to the 2024 Olympics. It incorporates a distinctive 169-meter sprint occasion with characters like Dogecoin and Pepe. The token provides a excessive 1,218% APY for staking. In simply 24 hours, the presale raised $130,000, indicating robust investor curiosity.
PlayDoge ($PLAY)
PlayDoge ($PLAY) combines meme tradition with nostalgia. It’s an Ethereum-based venture the place gamers look after a digital Doge pet. The sport consists of mini-games and leaderboards to boost consumer engagement. PlayDoge provides an annual staking yield of 84%. The venture is backed by notable crypto merchants and influencers.
Mega Cube Token ($DICE)
Mega Cube Token ($DICE) is the foreign money for a Solana-based on-line gaming platform. It gives token holders with a share within the platform’s income and entry to premium content material. The venture has an airdrop marketing campaign distributing $2.25 million throughout three seasons. The presale raised $1.6 million, showcasing the token’s enchantment.
DIKEC Token: Impressed by Yusuf Dikec’s Efficiency
Turkish shooter Yusuf Dikec gained consideration throughout the 2024 Olympics. He received a silver medal within the combined 10m Air Pistol occasion with out utilizing the standard capturing gear.
His relaxed strategy and minimal tools sparked curiosity, resulting in the creation of 12 completely different DIKEC tokens. These tokens have market capitalizations starting from just a few thousand {dollars} to $393,000. Essentially the most distinguished DIKEC token reached $0.0008 earlier than stabilizing at $0.0003.
Different Notable Olympic Memecoins
Kim Ye-ji, a 31-year-old South Korean pistol shooter, has grow to be a breakout star on the Paris Olympics, capturing widespread social media consideration along with her silver medal win within the 10-meter air pistol girls’s occasion. Her hanging type, that includes futuristic steampunk-esque glasses and a fierce demeanor, has drawn comparisons to James Bond and the manga character Satoru Gojo.
Kim Ye-Ji impressed a token named YEJI, shortly adopted by the crypto group. The token has proven important exercise available on the market, as depicted within the chart. On Raydium, YEJI/SOL noticed a excessive of 0.0001126 and a low of 0.0001045, with a present price of 0.0001045. The buying and selling quantity reached 3.995K, reflecting the robust curiosity on this memecoin.
Throughout the Paris Olympics, Algerian boxer Imane Khelif secured her first Olympic victory when Italian opponent Angela Carini abruptly give up their match after simply 46 seconds. Carini cited extreme ache in her nostril from Khelif’s punches as the explanation for her resolution, a uncommon prevalence in Olympic boxing. This controversial match, coupled with Khelif’s earlier disqualification from the 2023 world championships over a gender eligibility difficulty, sparked important media consideration.
In response to the incident, tokens like “IStandWithAngelaCarini” had been created within the cryptocurrency market, considered one of which reached a 24-hour buying and selling quantity of $521,000 and a market cap of $45,000.
Platforms like Solana DEX are monitoring these Olympic memecoins, reflecting the digital world’s response to the athletes’ performances.