Is 'Meow' The Next 'Dogecoin Killer'? Vitalik Buterin Tweets 'Meow' In Chinese, Sparks $5M Memecoin Launch

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.

Read Also: Unknown Trader Turns $1,031 Into $490,000 Following A Vitalik Buterin Tweet About A Mediterranean Town

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

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.