Meme coins are back with a bang in 2023, led by the remarkable recent successes of Pepe Coin, Wojak, and Turbo.
However, there’s now a new frontrunner in the space, with Copium ($COPIUM) rocketing by 800% when it was listed on Uniswap yesterday.
Although this exponential price increase has caught traders’ attention worldwide, many believe it’s just the start for Copium – presenting an excellent opportunity for those who missed the boat on other successful meme projects.
Copium Launch Is Instant Success as Price Explodes
The $COPIUM token was launched on Uniswap yesterday, marking a significant moment in the project’s roadmap.
Within five hours, the token’s value had soared to $0.0162 – 800% higher than the price it launched at.
Although the price has pulled back slightly from that point, investors now believe that $COPIUM is gearing up for another bullish surge, given the minor support level formed around $0.0070.
Investors appear to be using this support level as a launchpad for the $COPIUM price, with the upward momentum beginning to gather pace at the time of writing.
Per DEXTools.io, over $41 million worth of $COPIUM has been traded already – all within less than 24 hours of the token going live.
In addition, there are now over 2,100 $COPIUM holders, highlighting the rapidly-growing buzz around the token.
The incredible start to life for $COPIUM has captured the investment community’s attention, with over 16,000 people following the project’s official Twitter account.
This account is already retweeting statements from leading crypto influencers. moonpie666, who boasts nearly 21,000 followers, has been urging her followers to “cope harder” and posting Copium-themed images.
VonDoom.eth, a well-known crypto and NFT investor with nearly 190,000 followers, also tweeted about Copium, asking his followers, “Are you coping?”.
The growing support from prominent influencers like these is a testament to the widespread excitement and belief in $COPIUM – solidifying its position as a project to watch closely.
Thoughtful $COPIUM Presale Strategy Sets Stage for Long-Term Growth
But why is $COPIUM receiving so much attention from retail traders and crypto influencers?
One of the main reasons is the Copium project’s unique presale setup, which was structured more like a “private sale.”
This invite-only event was made up of just 200 people, each allowed a maximum investment of just 1 ETH.
By taking this approach, Copium’s creators ensured that the $COPIUM supply wasn’t concentrated in the hands of just a few people – which can often lead to price manipulation once listed on exchanges.
Not only that, but Copium’s team has also implemented a vesting period whereby only 10% of the tokens purchased during the presale were immediately unlocked upon the token’s listing.
The remaining 90% of presale investors’ tokens will be unlocked linearly over the next three weeks, encouraging these investors to hold their tokens and eradicating the possibility of a dreaded “rug pull.”
Some big players involved in the Copium Club presale phase were FaZe Banks, who has over 2.8 million followers on Twitter, and Cozomo de’ Medici, a prominent NFT investor boasting more than 289,000 Twitter followers.
Support from these prestigious names has already piqued the attention of the masses, with over 1,700 people opting to join the official Copium Telegram channel to learn more about the project’s plans.
Copium’s Creators Harness the Power of NFTs with Unique Drop Mechanism
Another reason the investment community is so hyped about Copium is its unique non-fungible token (NFT) drop mechanism – a mechanism never seen before in the crypto market.
The NFT sector is seeing a resurgence in 2023, with CoinGecko reporting that over $1.9 billion worth of these digital assets were traded in February alone.
This resurgence is being fuelled by several factors, including the rise of “Bitcoin Ordinals” and Elon Musk’s recent Twitter escapades, which have prompted colossal interest in the Milady Maker collection.
Copium’s team has recognized this growing trend and facilitated an NFT drop just two hours after the token’s launch on Uniswap.
The top 200 $COPIUM holders at the two-hour mark were highlighted in a “snapshot” on Twitter – with all 200 receiving an NFT featuring a “Copium tank.”
This tank featured 20 “tiers” that fill up based on the number of $COPIUM tokens the holder has – the more $COPIUM they own, the fuller the tank.
NFT holders have two weeks to fill up their tank as much as possible; after these two weeks, holders will be eligible for an additional airdrop of $COPIUM tokens based on how full their tank is.
A total of 10 million $COPIUM tokens have been set aside for this airdrop, amounting to 1% of the entire supply.
This innovative NFT drop mechanism introduced by Copium capitalizes on the booming NFT sector and incentivizes token holders to accumulate more $COPIUM – actively fuelling the token’s price growth.
All in all, as $COPIUM’s price continues to gain momentum, the community eagerly anticipates what’s next for the token – envisioning new highs and a transformative impact on the meme coin landscape.
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