The meme coin craze continues to rock the market as yet another token starts trending on DEXTools with a presale pump heading towards $100k in the first few hours after launch.
Thug Life Token ($THUG) is a new memetic crypto wonder that has wreaked havoc on the crypto market. The $THUG presale reached the $100k milestone in just a few hours after it started and since then, the presale has now raised more than $300,000 in under 7 days and is racing towards the hard cap goal. As it does, the investors are flocking to it, trying to get on the ground floor of this amazing project threatening to outperform Pepe Coin as soon as it hits the crypto exchanges.
Once that happens, 100x gains are not out of the question for early investors and backers.
Thug Life Token Is a New Kind of Meme Coin
Even if you only dabbled in crypto trading, chances are you have made some bad choices or were taken in by the hype that amounted to nothing. Instead of becoming another crypto success story, you have ended up holding the bag because you believed your favorite influencer who only used you for liquidity. And that is OK since we all have been there. That is what Thug Life Token is all about, creating a brotherhood of hustlers who got burnt in the crypto game. For, let’s face it, it probably isn’t the last time we were left facing the music.
With Thug Life Token, you become a member of a club of people with the same experience, but who have decided to face their failures with humor instead of despair. It’s all about that thug life homie, and you better be ready to admit that it is what it is. At least you won’t be alone next time you get burnt in the game.
Meme coins are usually about the community, but Thug Life Token takes it to a whole different level. Rotted in the hip-hop movement and borrowing inspiration from legends like Snoop, 50 Cents, Ice Cube and other veterans, $THUG creates an environment where it is OK to admit your failures. For many, this can be liberating and allow you to continue trading aware that we are all humans and are allowed to make mistakes.
Speculations About The Creators Drive Presale
The market is buzzing with rumors about the creators of Thug Life Token. Although we lack official confirmation, there are some sources claiming that the same team that brought us PEPE is reasonable for THUG as well. If this is true, that is some excellent news for early investors, as this is among the most skilled crews on the market when it comes to designing and deploying meme coins.
$THUG follows some of the most successful strategies for creating a viral meme coin, like using a popular meme template and creating a stimulating environment for investors. This ensures popularity with both users and investors, setting it up to explode in the near future.
Is Snoop Dogg Among Early THUG Backers?
Short of Snoop himself coming out and confirming it, there is no sure way of knowing whether the famous rapper is among the early backers. However, the rumors stating this as true are abundant, spurred by the hip-hop nature of Thug Life Token and the fact that a fairly large purchase of THUG tokens was made early on in the presale.
Snoop has a long history of backing and even actively participating in crypto projects, so him supporting Thug Life Token isn’t that big of a stretch. It all started with the “A Journey with the Dogg” NFT collection in March 2021. Then came The Snoopverse collaboration with Sandbox, the creation of a small digital world on the Sandbox platform, followed by several more successful projects.
Given the fact that Snoop Dog is no stranger to the crypto world, it is entirely possible that he took an interest in the Thug Life project. It would also explain a mysterious investor who scooped up tens of thousands of dollars worth of THUG tokens just hours after the presale started. However, we will have to wait for the official confirmation to be sure of it.
$THUG Tokenomics Favors Investors
The Thug Life Token creators have made some clever decisions early on in the development. One of the smartest was making the entire project investor-friendly in a bid to make it more attractive.
The $THUG’s total supply is 4.2 billion tokens, out of which a whooping 70% is set to be sold during the presale. A huge number of tokens will make it easier for investors to buy as many as they like, plus attract a lot of casual traders to scoop up the rest. This strategy ensures that the project will have a huge community created in the early days, ensuring its support down the road.
To reassure its backers and remove any notion of a rug pull, the team has also decided to lock the CEX liquidity for three months after the first listing. The measure provides an extra layer of security and creates trust with the investors.
On the other hand, this will also protect the token’s value, as it will prevent hit-and-run traders from dumping it early and ruining its price.
Conclusion
Another meme coin is making waves on the market as it rushes through its presale. Thug Life Token raised more than $130 000 in the first 24 hours of the presale, grabbing everyone’s attention. Rumors about whale investors include Snoop Dog but are still unconfirmed. The unique token focused on building a community is set for some explosive growth once it appears on crypto exchanges.
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