One of the meme coin world’s most exciting project Burn Kenny Coin just launched its highly-anticipated presale and is already delivering on the hype in a big way.
Within 15 minutes of the presale’s launch, meme coin degens had already snapped up a whopping more than $150,000 in $KENNY tokens.
Update – after two hours, that rose to $300,000.
Burn Kenny Coin is a new meme coin based on the running South Park gag of character Kenny’s multiple untimely deaths (“OH MY GOD, THEY KILLED KENNY!”).
And with the presale only looking to raise a modest $500,000 via a sale of 40% of the $KENNY token supply, a total sell-out could happen within under an hour.
The explosive start to Burn Kenny Coin’s presale puts the meme coin on course to surpass fellow South Park-themed meme coin Mr Hankey Coin’s blockbuster presale last week.
Mr Hankey Coin, created by the same team as Burn Kenny Coin, raised $500,000 in under 10 hours and then went on to achieve 3x gains after its decentralized exchange (DEX) launch.
The fact that Burn Kenny Coin’s presale is selling out so much quicker suggests that the coin could be set up for even more explosive gains upon its own DEX launch, likely to occur sometime on Friday.
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Best Crypto To Buy Now
Thanks to a combination of its limited presale availability, very low valuation presale, excellent tokenomics, and experienced/proven marketing team, Burn Kenny has all the ingredients of a meme coin that could potentially 10-100x from its presale price.
Let’s examine this further.
Limited Presale Availability
The limited availability of $KENNY in presale (just $500,000 worth of the token), coupled with the breathtaking pace at which the presale is selling at, suggests that once the presale is over, plenty of pent-up demand and FOMO will be sustained into the DEX launch.
Burn Kenny Coin is a Low Cap Gem
The Burn Kenny Coin presale values $KENNY at a tiny market cap of just $1.25 million – a true low-cap gem.
When a project has a very low market cap, like Burn Kenny, this leaves plenty of room for explosive upside for early investors.
And meme coin degens have a unique opportunity here to be one of those early investors.
$KENNY is Deflationary
Recent success story Mr Hankey Coin raised $500,000 in a presale that valued its coin at $1.25 million.
But Burn Kenny Coin is going one step further than Mr Hankey Coin did to bring value to the investor.
In-fitting with its name, Burn Kenny Coin has an in-built burn mechanism designed to create deflation and lift the $KENNY price over time.
To achieve this, 30% of the token supply has been set aside for future token burns.
Unlike many deflationary token designs that burn, sometimes intermittently, over long periods, Burn Kenny Coin takes a different and probably more profitable one for its coin buyers and holders – the burn mechanism kicks in 24 hours after the DEX listing and lasts for just three days.
All said, when you consider that 30% of the token supply is set to be burnt, the real market cap of the coin at its presale price is actually around $875,000, making the token even more of a low-cap gem.
30% Allocated to Three-Month DEX Liquidity Lock
The remaining 30% of the $KENNY supply is dedicated to decentralized exchange (DEX) liquidity.
That’s important because, in the absence of plentiful liquidity, meme coin degens often face the hurdle of inefficient buying and selling and significant potential losses due to price slippage.
Significantly, Burn Kenny Coin’s team has also pledged to lock this liquidity for three months, ensuring that there is no rug pull.
Allocating such a large percentage of a new meme token’s supply to a DEX liquidity lock is a rare move in the scam-ridden meme coin space and should help bolster confidence in the project.
Marketing Team With a Proven Track Record of Generating Pumps
It’s understood that Burn Kenny Coin is actually being launched by the very same marketing team that brought us not just Mr Hankey Coin but also Thug Life Token ($THUG) and SpongeBob ($SPONGE), which recently did 3x and 100x gains, respectively.
The marketing team in question was able to pull off these remarkable feats by securing partnerships with dozens of influencers and reputable crypto news websites.
Expect them to have similar success in spreading the word far and wide regarding Burn Kenny Coin.
In fact, the team’s efforts are already evident.
All you have to do is type Burn Kenny Coin into Google search, and you will see websites such as Finbold, Cointelegraph, CryptoPotato, Coingape, Cision, and many more covering the token.
YouTubers are also already on the bandwagon, with one crypto expert predicting substantial return on investment for $KENNY buyers.
Given the team’s track record in delivering impressive meme coin pumps, there is a strong likelihood of $KENNY achieving at least 3x gains.
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Get Hold of $KENNY Before the Presale Ends
With the project having now raised more than $200,000, Burn Kenny Coin’s presale could sell out within a matter of hours.
Head over to the Burn Kenny website now, where you can click through to become a follower of the Twitter account and join the Telegram channel, so you will be first to know when the presale ends and about the imminent DEX launch.
To buy $KENNY in presale, you will need Ethereum.
Connect your wallet at the Burn Kenny Coin website set how much you wish to buy, approve the connection and purchase, and you are done.
Return to the site and claim your tokens after the presale has concluded.
Buy $KENNY on the sly before the rest of the world wakes up, and you could bag the easiest 3x, or more, opportunity in crypto.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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