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A gently used 2001 honda civic is a memecoin challenge constructed on Solana and has been lively for the previous 10 months. Its token, $USEDCAR, went up by 8x for the reason that group takeover.
The challenge launched final yr, together with different profitable cash like $BONK and $WIF. And that was earlier than the pump.enjoyable memecoins mania. $USEDCAR achieved a $35M market cap, and now it’s in a consolidation section.
The challenge was common again in January, however whales determined to promote after reaching 5x, trying to kill it. This didn’t cease the group and the true OGs from reviving it. Based on Spyzer, VP of Memes, the true believers of $USEDCAR saved accumulating the token. Then a group takeover (CTO) was introduced and the challenge went up by 8x for the reason that CTO.
A gently used 2001 honda civic has been rising organically, and it presently has a Telegram group of 5,225 members. The challenge’s web site is crammed with the memes and different content material from the group a few gently used 2001 honda civic.
$USEDCAR is about freedom of the group
X person Jiro 9dcc shared a paper on October tenth about $USEDCAR. The paper talks in regards to the funding rationale, market context, and funding catalysts of the memecoin. The paper states that the Honda Civic represents monetary freedom, making $USEDCAR about stability and long-term worth slightly than exorbitant wealth.
Moreover, discovering a superb used Honda Civic is tough which represents shortage of the automobile’s meme worth. Furthermore, the paper says that the Civic has a community-driven worth, which represents the true decentralization of wealth in comparison with initiatives backed by VC.
By way of market context, used vehicles like a Honda Civic symbolizes real-world worth, which has similarities to memecoins within the crypto house. The paper says that one of many funding catalysts of the memecoin is that it aligns with FIRE rules. FIRE stands for monetary independence, retire early, which means the memecoin appeals to people who find themselves in search of long-term monetary safety.
A gently used automobile provides start to The MemeMachine
The gently used automobile is actual and it’s been touring Europe since summer time. The automobile named The MemeMachine belongs to Fraser Dakin, a $USEDCAR group member. In fact, The MemeMachine is a Honda Civic automobile. It’s lined with crypto memes and stickers of Bitcoin, Dogecoin, PEPE, WIF, Elon Musk, Gary Gensler, and Sam Bankman-Fried.
The automobile has a particular plate variety of W777 BTC and that is why it was bought for £5,000 as an alternative of £1,500 in line with Decrypt. The automobile is an embodiment of the crypto and web tradition.
Fraser has been touring Europe, driving The MemeMachine from one nation to a different. Based on Fraser’s X web page, the light MemeMachine began the journey from London. Then it’s been in Amsterdam, Hamburg, Berlin, Warsaw, Prague, Munich, Ferrara, Napul, Pula, Milan, Geneva, and again to London.
Through the highway journey, The MemeMachine proprietor attended many crypto occasions together with ETH Warsaw, NapelETH, ETHMilan and Zlive. On the highway, he met loads of crypto fanatics who added crypto meme stickers to the automobile.
Subsequent cease Zebu Dwell to finish this lap of Europe in The mememachine
📍 London – Amsterdam, Hamburg, Berlin, ETHwarsaw, Prague, Munich, Ferrara, NapulETH, Ferrara, Pula, ETHMilan, Geneva, London ♻️ pic.twitter.com/XhU9u8Gi6d
— The MemeMachine (@The_MemeMachine) October 6, 2024
Is $USEDCAR the subsequent memecoin gem?
Based on GeckoTerminal, $USEDCAR is presently buying and selling at $0.022 on Raydium, and has a 24-hour buying and selling quantity of $706.22K. The 2001 honda memecoin’s market cap and totally diluted market cap are equal, standing at $7.42M. At the moment, $USEDCAR has 11.95K holders and is buying and selling on Raydium and Jupiter.
Based on SolScan, $USEDCAR has a complete provide of 332.95M and the highest 10 wallets collectively maintain 64.1M tokens, round 19.27%. One of many high wallets belongs to Raydium Authority V4, which holds 15.6M tokens, round 4.69%. The second and third high wallets maintain 2.45% and a pair of.19% respectively.
An X person by the identify Wolf stated “Identify one meme coin that’s had group takeover, 2 main corrections, nearly 1 yr outdated, cult like group, on the verge of a comeback, interesting theme, and nonetheless below $10m mc?”
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