The crypto market is buzzing with the potential of meme coins – and newcomer Thug Life ($THUG) is capturing the investment community’s attention.
In under two weeks, $THUG’s presale has already raised an impressive $800,000 and is now trending to sell out in the next seven days.
Given this incredible response, many believe that Thug Life could be primed to be the next 100x meme coin in the making.
Thug Life Takes Meme Coin Market by Storm with Exciting Awareness Campaign
Thug Life has been making waves in the crypto market even before its official launch, thanks to its unique branding and high-impact marketing strategy.
$THUG’s branding leverages the cultural association of the “Thug Life” meme and iconic rappers like Snoop Dogg to amplify the project’s appeal.
This approach appears to be working, with thousands of people following the official Thug Life Twitter page in the past ten days.
Not only that, but Thug Life’s team has also launched a marketing campaign on DEX Screener, a widely-visited platform that tracks and analyses low-cap crypto projects.
With SimilarWeb reporting that the site receives over 11 million monthly visits, Thug Life’s presence on the platform could provide extensive visibility among crypto investors.
Fuelling Thug Life’s growth even further is that the project’s developers are no strangers to success.
The developers were also behind the Sponge ($SPONGE) project, a token that saw a 100x price increase in May and raced to a fully-diluted market cap of $37.4 million at its peak.
Drawing from the playbook that led to the success of $SPONGE, the Thug Life team is positioning their new token to emulate, or even surpass, their previous accomplishments.
$THUG’s Strategic Approach Sets Stage for Post-Launch Success
To ensure a solid foundation for $THUG, the development team has confirmed that $200,000 worth of Ethereum ($ETH) will be in the liquidity pool at the token’s DEX launch.
This demonstrates the team’s commitment to price stability and investor confidence right from the get-go.
However, the team isn’t stopping there – they also intend to lock liquidity for three months after $THUG’s market debut.
This approach prevents large holders from triggering a price collapse by selling all their tokens, meaning $THUG’s value is shielded from sudden drops.
These financial strategies have helped amplify the hype around Thug Life, with the official Telegram channel witnessing phenomenal growth in a short period.
Moreover, several crypto influencers have also taken note. Michael Wrubel, who boasts over 310,000 subscribers, uploaded a video stating that $THUG could be “the next 100x Shiba Inu”.
Wrubel’s endorsement underscores the potential that Thug Life has, hinting that it could be a breakout success in the meme coin space.
Thug Life Presale Paves the Way for Meme Coin Revolution
Given the points raised above, Thug Life looks set to capitalize on the recent growth of the broader meme coin market.
The project’s ongoing presale phase, which has now raised over $800,000, further evidences the high level of investor confidence in $THUG’s potential.
During this presale, interested investors can purchase $THUG for just $0.0007 using $ETH or $USDT – with no minimum or maximum investment threshold.
Interestingly, Thug Life’s team has set the presale hard cap at just over $2 million, with the aim of speeding up the token’s open market debut.
This debut is likely a pivotal event in the meme coin space, given that Thug Life’s team has also made clear plans for the future.
Per the Thug Life whitepaper, the team will launch an airdrop campaign after the token’s DEX debut, with plans to implement a burn mechanism in “Phase 3” of the roadmap.
This burn mechanism could be particularly advantageous since it would reduce the token’s overall supply – making the remaining tokens scarcer and more valuable.
With just one week left before the presale is expected to sell out, all eyes are on $THUG as it begins its journey into the open market.
You can visit the Thug Life presale here.
Disclaimer
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
