A newly emerged memecoin branded by viral influencer X NTT Nick has rallied 1,136% over the past three days. The token was created three days ago and takes advantage of the popularity of NFTNick’s X community.
What happened: Nick O’NeillOR NTT Nickhis name was an American NFT entrepreneur, influencer and CEO of a media company “The Nifty” he is attracting attention with his “choose rich” slogan to show off his wealth.
The phrase is a reference to the film “The Wolf of Wall Street” and has gone viral thanks to O’Neill’s persistent use.
The videos triggered the launch of a token called “I CHOOSE RICH EVERYTIME!” [sic]which within days reached a market capitalization of almost $80 million at its peak.
At the time of writing, approximately $38 million is being traded for DexScreener data.
With a rally of 1,136% in three days, the meme coin has stolen the show, even from previously trending veteran meme coins like Dogemoneta DOGE/USD AND Shiba Inu SHIB/USD.
Also Read: Trump’s Softening Bitcoin Stance Prompts 14% Rise in MAGA Meme Coins
Because matter: Despite having a following of 150,000 people on X, NFTNick has received a lot of backlash through community notes on his latest viral videos showing off his wealth.
Among the many videos posted, community notes have highlighted false claims and exaggerations, such as in a video where his private cinema and a bottle of champagne are flaunted:
In another video where he shows his newly purchased house, the community Notes he replies that it is a rented house and not his.
On the overnight rise of a new NICK token, NFTnick tweeted,
Nonetheless, the viral influencer has been making waves in crypto circles this week, sparking reactions from other highly followed users.
Big cat AND Daniel pointed out that the community notes correcting O’Neill on every tweet “is unbelievable” and “beats this man to death just finding the L in every single tweet.”
This continued the trend of meme coins riding on current events, with the Elon Musk-themed GROK meme coin being another recent example.
Read next: Unknown trader turns $1,031 into $490,000 following a tweet from Vitalik Buterin about a Mediterranean city
Photo: Shutterstock