LOVESNOOPY burns 85.0246% of total token supply
Seattle, USA / Washington, May 22, 2023, Chainwire
LOVESNOOPY, a meme coin inspired by the dog character, Snoopy, burned 65% of its total supply on May 21.
Combined with previous burns, the project has destroyed 85.0246% of its total supply. Trading at $0.00000005928, LOVESNOOPY’s market capitalization stands at over $8.26m.
I LOVE SNOOPY, a project aiming to becoming a top meme coin, was multi-lingual from start. Its native token, LOVESNOOPY, was issued on Ethereum, complying with the ERC-20 standard.
In its roadmap, they have done four burns, with listings on MEXC, Bitrue, and BitMart. It also recently completed a security audit by CertiK.
In addition, I LOVE SNOOPY’s fan base of nearly 200,000 followers on Twitter, a social platform, is also active.
ZachXBT, an Internet detective, earlier noted that more meme coins are being released. He observed that a single individual created 114 scam meme coins in the past month. Afterward, he redirected funds to the same address.
CoinMarketCap lists 706 meme coins in the “Memes” category.
Evaluation and risk factors
Although meme coins often lack transparent issuers and tangible utility, they can be suitable for “high-risk, high-return” investment strategies.
I LOVE SNOOPY has addressed previous concerns about centralization. The project has also implemented recommendations from the CertiK audit to minimize risks.
The leading utility of LOVESNOOPY is to establish a passionate meme community. Their path to global domination is simple: “LOVE SNOOPY.”
The more people enjoy and LOVE SNOOPY, the more indelible his legacy as a meme will become.
LOVESNOOPY is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
I LOVE SNOOPY
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