PSYOP Immediately Claims Massive Market Cap<\/strong><\/h2>\nBut a rug pull it wasn\u2019t.<\/p>\n
Ben.eth launched the token on Uniswap late on Thursday and promptly began airdropping the new token to presale participants.<\/p>\n
PSYOP has immediately surged to a market cap of around $570 million, with airdrop receivers encouraged not to move or sell their tokens, lest they miss out on receiving more tokens in the second stage of the airdrop.<\/p>\n<\/figure>\nThat is keeping sell pressure limited for now, and keeping trading volumes suppressed \u2013 according to DEX Tools, only around $8.7 million in PSYOP was traded over the last 24 hours.<\/p>\n
In terms of whats next for the project beyond additional airdrops, Ben.eth just announced that a website will soon be up and running.<\/p>\n<\/figure>\nBen.eth might also have found himself in legal trouble over the presale.<\/p>\n
Mike Kanovitz, owner of law firm Loevy & Loevy, announced on Twitter on Friday that he would be filing a class action against Ben.eth unless he refunds all of the ETH collected in the presale immediately.<\/p>\n<\/figure>\nOther Meme Coins to Consider<\/strong><\/h2>\nBen.eth has created huge buzz with his $PSYOP meme coin launch, but the launch hasn\u2019t been without its controversies.<\/p>\n
Beyond just potentially facing legal troubles over the presale, some early investors found that they lost nearly all of the ETH they attempted to use to buy PSYOP via slippage.<\/p>\n<\/figure>\nInvestors might want to consider alternative meme coin investments that also hold the potential for massive upside.<\/p>\n
Here are two meme coin projects that analysts at Cryptonews.com are monitoring right now.<\/p>\n
Copium Token (COPIUM)<\/strong><\/h2>\nAfter a few days of hype building and an invite-only presale,\u00a0Copium Token\u00a0(COPIUM) was launched on Thursday and enjoyed an explosive start to life.<\/p>\n
COPIUM hit a high of $0.016 on Thursday, around 16x up versus its presale and listing price of just over $0.001 and has seen massive trading volumes in excess of $44 million in the past 24 hours.<\/p>\n<\/figure>\nCOPIUM\/USD was last changing hands around $0.06 per token, meaning its early investors are still well in the green and the token is closing in on having 3,000 holders.<\/p>\n
Given the token\u2019s 1 billion supply, that implies a fully diluted market cap of around $8 million.<\/p>\n
But amid the impressive list of influencers who are involved in the project who will help market the coin alongside a series of media partnerships, the coin could yet pump a lot higher.<\/p>\n<\/figure>\nOne of the best-selling points of COPIUM is the project\u2019s token and NFT airdrop competition, which is built to incentivize HODLing for at least the next three weeks.<\/p>\n<\/figure>\nAnother great selling point is that the presale participants are not able to dump their holdings on the market.<\/p>\n
Only 10% of their tokens were unlocked at the time of the Uniswap listing, with the rest to be vested over the next three weeks.<\/p>\n
Copium\u2019s fun play on the theme of crypto degenerates needing to cope with their substantial losses means it could be a big hit, as that is something many in the crypto space can relate to.<\/p>\n
Visit Copium Here<\/p>\n