Vitalik Buterin’s Joke Tweet Causes Emergence and Rise of DIE Token

• A new memecoin emerges from the shadow after Vitalik Buterin’s tweet.
• Interestingly, the price of the memecoin surged over 5,100% in the last 24 hours.
• DIE gets listed on some of the notable exchanges.

The DIE memecoin which was created by the community after Vitalik Buterin’s joke Tweet has reportedly soared by 5,100% in the last 24 hours.

For context, in a tweet where Buterin was exchanging conversation regarding German podcasts, he suggested that in German, DIE means “The.” He also added that if someone starts such a cryptocurrency, they can wear a “The” t-shirt and go for walks every day.

Immediately after his tweet, developers curated a DIE token and launched it to cash in on the opportunity. As per the details from DEXtools, DIE has spiked by 5,100% in the last 24 hours. The token is currently trading at $0.000001784.

The token is not just rising because of Vitalik’s tweet; the token has also been listed on some prominent exchanges. The DIE Protocol has been listed by Huobi, MEXC, Uniswap, and some other exchanges. The token has a fully diluted market cap of $8,758,185. DIE has a 24-hour trading volume of $24,796,646.

However, the community has witnessed tokens rise in a short span of time and crash disastrously. Analyst state clearly that investors who are willing to put their funds in such tokens should also be willing to lose their funds.

Additionally, it is reported that a tiny number of wallets are holding the majority of the DIE tokens. The top 15 wallets, according to bubblemaps, own almost 20% of all tokens.

Investors have recently been attracted to memecoins. While some memecoins are notable in terms of development, others are merely pump-and-dump coins.