Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Meme coin HarryPotterObamaSonic10Inu announces its layer-3 blockchain

Meme coin HarryPotterObamaSonic10Inu announces its layer-3 blockchain

Cryptobriefing2024/05/16 12:14
By:Gino Matos

Meme coin HarryPotterObamaSonic10Inu (BITCOIN) has announced today the launch of its blockchain, powered by AltLayer and EigenDA, the data availability layer of EigenLayer. On May 14th, the meme coin completes its first year.

Despite not revealing details, the X post shared that this new blockchain will be a “memechain.” Since the announcement, BITCOIN has risen by 8.5%, 4% over the past 24 hours, and 1,140% since its inception, according to data aggregator CoinGecko. However, the meme coin is nearly 60% below its all-time high at the time of writing.

The token is inspired by a famous meme back in the 2010s, which is the picture of a backpack containing all the words that compose the meme coin’s name.

The movement comes after fellow meme coin Shiba Inu (SHIB) raised $12 million from names such as Mechanism Capital, Animoca Brands, DWF Ventures, and Polygon Ventures, with plans to launch its own layer-3 blockchain. The chairman of Cypher Capital, Bill Qian, stated that Shiba Inu’s blockchain is “set to power up blockchain real-world utility.”

Moreover, Berachain raised $100 million recently to develop its layer-1 blockchain. The blockchain originated from Bong Bears, an NFT project collection that fostered an active community, which then engaged in Berachain’s development.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!