When mentions of LOWB first appeared in your correspondent’s crypto WeChat, I casually dismissed it as yet another yield-farm coin on Binance Smart Chain into which DeFi degens ape for a few days before moving on to the next one. It only took a few hours—and a 400% price jump—for me and the rest of crypto WeChat to do a double-take and shift our eyes to the coin and LoserCoin, the project behind it.
The coin is worth only $0.0009 and its market cap is a paltry $880,000. That number might seem minuscule but the project just started on May 7, and its Chinese Telegram Group already has a staggering 10,000 members. That’s a lot of followers given that Chinese people need to climb over the firewall to use Telegram.
LoserCoin is surpassing $DOGE and $SHIBU in buzz and is the hottest meme coin made in China. This week’s da bing looks into the cultural phenomena behind LoserCoin and attempts to explain who the real winners are here—and the real losers.
The LoserCoin logo dude.
Źródło: https://decrypt.co/70476/will-losercoin-be-chinas-answer-to-doge
