What Happened: The tweet in question was a reply to another tweet, partially in Chinese, that had no cat reference at all:
Buterin's response can only be interpreted as a joke, but the memecoin launch it spawned was anything but. With the ticker "喵喵喵喵," Chinese for " meow meow meow meow," the memecoin raced to a market capitalization of over $5 million within the first four hours of launching.
Why It Matters: Even within the curious world of memecoin launches, this particular instance stands out.
The most successful memecoins have always had English tickers - a multi-million "Chinese" memecoin would be somewhat of a first.
Cryptocurrency traders on social media immediately jumped on the trend. WEN, the Solana-based memecoin that airdropped its way to a $150 million valuation, retweeted Buterin's post with "Meow."
Trader Eric Cryptoman sees good things coming for "Meow:"
What's Next: Frankly, no one knows what's next for "Meow" but another memecoin launch is often only one Elon Musk tweet away.
Read Next: Forget GameStop Stock, Now There's A GameStop Memecoin And It's Worth Millions
Photo: Shutterstock
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