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Mr Hankey Coin ($HANKEY), now being dubbed as one of the most successful shitcoins, has just surpassed all forecasts and expectations.
The highly anticipated presale ended swiftly following just 10 hours with $500k worth of the viral shitcoin being sold at an unprecedented rate.
Mr. Hankey coin is a brand new shitcoin based on one of the popular characters from the American sitcom show South Park.
Meme coin enthusiasts are now keeping a close eye on the $HANKEY DEX listing, set to take place between 15:00 and 17:00 UTC today.
The $HANKEY team advised its holders to keep an eye on the website and follow the Twitter account and Telegram channel for all the latest news. Those who managed to get their hands on the shitcoin during the presale will be able to claim their tokens before the DEX listing.
The fast pace with which the presale concluded indicates that pent-up demand and FOMO are expected to carry on into a record-breaking DEX launch.
Mr Hankey Coin’s $500,000 presale hard cap represents a large 40% portion of $HANKEY’s total token supply of 1 billion. This means the viral shitcoin was valued at just $1.25 million during the presale which has led many shitcoin degens and crypto market analysts to classify $HANKEY as a small-cap gem.
Why $HANKEY Can Continue its Bullish Trend
Meme token degens who were able to get involved at the ground level in the unprecedented presale may have found a diamond in the rough with $HANKEY.
As we mentioned earlier, the pace with which the presale hit the $500k hard cap highlights the significant and unmet demand for the shitcoin.
But what is causing this huge demand? Let’s explore some of the causes:
Undervalued Small Cap Gem
Traders who bought $HANKEY coins via the presale paid a price of just $0.00125.
With that price, $HANKEY has a fully diluted market cap of just $1.25 million.
That means Mr Hankey Coin is a true low cap gem – as it’s rare to find a similarly hyped meme coin with a market valuation of just over $1M.
When compared to its competition, many smaller meme coins have achieved vastly bigger market caps.
Mr Hankey Coin has Gone Viral
Mr Hankey Coin’s official Twitter account now has 7,500 followers, and its Telegram channel has 1,640 followers.
Reputable crypto news publications like Cryptonews.com, BeInCrypto, Cointelegraph, CryptoPotato, Outlook India, and Coingape have covered the shitcoin.
And a wave of high-profile crypto influencers have been promoting the token via giveaway competitions, including the likes of @MattInWeb3, @AmeerNFTs, and @mrbrown_nft, all of whom boast over 100K followers on Twitter.
All of this demonstrates that Mr Hankey Coin is supported by an effective marketing campaign.
According to rumors, the savvy marketing specialists behind $SPONGE and $PEPE may be involved with $HANKEY.
Reassuring DEX Liquidity Lock
The Mr Hankey Coin team is committed to offering a smooth token trading environment, and so has pledged to provide 40% of its token supply to decentralized exchange (DEX) liquidity.
That’s important because without enough liquidity, shitcoin degens often find it difficult to buy and sell, as well as big potential losses due to price slippage.
Moreover, the development team has also vowed to lock this liquidity, hindering any possible rug pulls.
Setting aside such a huge percentage of a new meme token’s supply to a DEX liquidity lock is a rare move in the scam-ridden shitcoin sphere which boosts trust and confidence in the project.
Can $HANKEY 100x?
Analysts are already forecasting huge things for Mr Hankey coin, especially following its successful presale.
Meanwhile, popular presale analyst Jacob Bury, with an impressive track record when it comes to identifying low market cap gems, has said $HANKEY boasts 10x potential.
Mr Hankey Coin is exhibiting all of the characteristics of a successful DEX launch. That means degens who want to get $HANKEY cheap will have to be ready to pounce as soon as the DEX launch goes live and before the pump truly kicks in.
The date and timing for the DEX launch and token claim (for presale customers) have yet to be revealed.
Since the presale has finished, the DEX listing is expected to take place very soon, so keep a close eye on Mr Hankey Coin’s official Twitter and Telegram accounts for the most up-to-date announcements.
You can visit the Mr Hankey Coin website 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.
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