Baby don’t rug me? One of the newest meme coins is based on the popular Tiktok and Twitter meme featuring bodybuilder Mike O’Hearn, and it’s already a top trending cryptocurrency.
$MIKE coin is up 70% in the past 24 hours and recently broke into the top ten trending cryptocurrency assets, or ‘hot pairs’, on DEXTools which tracks tokens on decentralized exchanges.
What is $MIKE Token?
Mike was launched on Uniswap on June 5th with impressive liquidity – currently $325,000 – no tax, a 120.23 million supply, and its contract has been renounced.
Its DEXTscore is 99/99 and there are no audit warnings on the Mike / WETH pair. View the $MIKE price chart on DEXTools here.
The O’Hearn (MIKE) page on CoinMarketCap reads:
O’Hearn has a sizable fan base thanks to a career that has included magazine covers, seven Fitness Model of the Year honors, and appearances on well-known television programs including American Gladiators.
By bringing together investors interested in the cryptocurrency market and the bodybuilding industry, the “$MIKE” memecoin hopes to profit from this fan base.
The project is focused on community building and fun as we increase in popularity targeted at bringing chads together in a safe and health conscious manner.
The viral Mike O’Hearn meme features the American bodybuilder set to the music lyrics ‘What is Love (Baby Don’t Hurt Me)’ by Haddaway.
Even Arnold Schwarzenegger joined in on the meme, creating his own version of it earlier this year.
Mike O’Hearn called the meme ‘hilarious’, and thanked whoever had started the internet trend, going on to post several meme videos himself.
$MIKE token has been noticed by some prominent crypto influencers, including Crypto Tony (@CryptoTony_) who has over 300,000 followers.
He noticed the potential of the new meme coin’s name and its community, and entered a position yesterday before an over 100% move higher for the $MIKE price.
Visit ohearneth.com
New Meme Coins Continue to Outperform
Despite the SEC going after Binance and Coinbase, labelling many crypto assets unregistered securities, new meme tokens are still being launched every day.
While many fail in the mid to long term, in the short term they offer high volatility and upside potential for traders, with their low market cap. The O’Hearn token has a market cap of just $1.5 million.
Wall Street Memes (WSM)
Another recent project we’ve reviewed is Wall Street Memes which has seen several Twitter interactions from the most famous fan of meme coins and Dogecoin, Elon Musk.
$WSM is currently on presale at wallstmemes.com and set to list on exchanges in the coming weeks.
The upcoming meme coin project is backed by a one-million strong community across Twitter and Instagram, around since 2021 with a legacy NFT project, the Wall St Bulls on OpenSea.
Visit wallstmemes.com
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