{"id":28301,"date":"2023-06-27T16:43:14","date_gmt":"2023-06-27T20:43:14","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/l-the-memecoin-price-explodes-7500-top-trending-dextools-crypto\/"},"modified":"2023-06-27T16:43:16","modified_gmt":"2023-06-27T20:43:16","slug":"l-the-memecoin-price-explodes-7500-top-trending-dextools-crypto","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=28301","title":{"rendered":"L The Memecoin Price Explodes 7,500%, Top Trending DEXTools Crypto"},"content":{"rendered":"
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Inspired by a 2021 Elon Musk tweet, new cryptocurrency L The Memecoin (L) had an explosive initial exchange offering on Uniswap today, with the $L price pumping over 7,500% before a correction.<\/p>\n

$L was a closely watched meme coin ICO thanks to its airdrop and a June 17 tweet from Bitmex founder Arthur Hayes even speculating it could be the next Shiba Inu (SHIB).<\/p>\n

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What Is L The Memecoin?<\/h2>\n

L The Memecoin’s description on DEXTools<\/u>, where it is one of the most trending cryptocurrencies – the #1 most viewed ‘hot pair’ right now – reads:<\/p>\n

$L is the first airdrop that rewards you for your Twitter usage: all Twitter Blue subscribers are eligible, and the more clout you have.<\/i><\/p>\n

The ‘origin story’ of L The Memecoin stems from an Elon Musk tweet<\/u><\/a> in 2021 that he likes Japanese manga series Death Note<\/u>, and the character L Lawliet, known just as ‘L’.<\/p>\n

$L is not yet listed on CoinMarketCap. According to DEXTools, the fully diluted L The Memecoin market cap is just over $11 million, with 3,200 holders at the time of writing.<\/p>\n

Seeking to ‘create a genuine community of real people, not bots’ on Twitter, $L will be airdropped to verified Twitter Blue accounts to ‘incentivize more people to subscribe to Twitter Blue’ and make use of Elon Musk’s platform.<\/p>\n

Visit lthememecoin.com<\/strong><\/p>\n

Elon Musk Tweets At New Meme Coin $WSM<\/h2>\n

While the billionaire Twitter CEO is yet to tweet about L The Memecoin, he has recently interacted with the Twitter account of upcoming meme coin presale Wall Street Memes (WSM).<\/p>\n

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Elon Musk has engaged with the @wallstmemes<\/i> account on three occasions<\/u><\/a>.<\/p>\n

With a similar concept of creating a community of traders and investors – inspired by the 2021 meme stocks movement – $WSM is expected to have its IEO on Uniswap later this year.<\/p>\n

The project is also hosting a $50,000 airdrop<\/u>, which has attracted over 36,000 entries.<\/p>\n

In its ongoing public presale which launched in late May, Wall Street Memes has raised over $10 million in seed round funding from early investors.<\/p>\n

Visit Wallstmemes.com<\/strong><\/p>\n

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.<\/sup><\/i><\/p>\n<\/p><\/div>\n