[PRESS RELEASE – Seattle, USA / Washington, May 22nd, 2023]
LOVESNOOPY, a meme coin inspired by the beloved original dog character Snoopy, has announced the burning of 65% of its total supply on May 21st, which, when combined with previous burns, amounts to 85.0246% tokens burned. The current price of $0.00000005928, the market capitalization of LOVESNOOPY stands at approximately $8.26 million USD.
I LOVE SNOOPY, a project that boldly launched with the vision of becoming the global number one memecoin, started by supporting its website in multiple languages from the beginning. I LOVE SNOOPY issues the Ethereum-based meme token, $LOVESNOOPY, while diligently executing its roadmap, including four burns, listings on MEXC, Bitrue, BitMart, and a recent successful security audit by CERTIK. In addition, ILOVESNOOPY’s extensive fan base of nearly 200,000 Twitter followers boasts considerable fandom compared to other memecoins in its stage.
Internet detective ZachXBT highlighted the abundance of memecoins, stating that a single individual created 114 scam memecoins over the past month, redirecting funds to the same address. The memecoin market is indeed saturated, with CoinMarketCap listing 706 memecoins in the “Memes” category.
Evaluation and Risk Factors
Although memecoins often lack clear issuers and tangible utility, their speculative nature makes them well-suited for the “high risk, high return” investment strategy. ILOVESNOOPY has addressed some previous concerns about centralization and has implemented the CERTICK audit to minimize risks.
The main utility of $LOVESNOOPY is to establish a vibrant and impassioned meme community that we can embrace with all our hearts. LOVESNOOPY’s path to global domination is simple! Just enjoy and ‘LOVE SNOOPY’! The more people enjoy, and LOVE SNOOPY, the more indelible his legacy as a beloved meme will become.
LOVESNOOPY is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.