CHUCK meme coin that aims to “make Ethereum great again” soars 25,800% since launch, leaving Shiba Inu Dogecoin in the dust

new meme coin, Chuck (CRYPTO: CHUCK), built on Ethereum (Crypto: ETH) soared 25,800% in value in just hours after its launch on Tuesday, overturning the performance of top meme cryptocurrencies such as: dogecoin (Crypto:Doge) and Shiba Inu (Code: SHIB).

what happened: data from dex cleaner CHUCK has a market capitalization of $4.16 million and reported liquidity of $488,100. The circulating supply of CHUCK tokens is 42 billion pieces, and the total number of holders is 361.

As of this writing, DOGE and SHIB are up 2-4% over the past 24 hours.

CHUCK’s trading volume in the past 24 hours reached over $6.62 million.

CHUCK’s official website describes Meme Coin as “the strongest of all memes.” Dogs, frogs, cats, and questionable players, your time is up! CHUCK is here to save the meme fest and claim the top spot in the meme hierarchy. ”

Additionally, the website clarifies that Memecoin has no formal relationship with martial artist and actor Carlos Rey “Chuck” Norris Jr. or his representatives. The site says “CHUCK” is “inspired by the legendary Internet stories surrounding Chuck Norris and created by fans to celebrate the spirit of his character.”

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Why it’s important: Unlike many other meme coins that have found a home on the Solana blockchain, CHUCK differentiates itself by launching on the Ethereum network with the slogan “Make Ethereum Great Again.”

The Solana blockchain is well-known for offering faster and more cost-effective transactions than competitors such as Ethereum.

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It has become a platform for hosting meme coins like . dog hat (cipher: WIF), Bonk (Crypto:Bonk), and meme book (Code: BOME). These tokens primarily derive their value from their viral appeal on the internet. However, while the meme coin trend boosted Solana with increased activity and liquidity, it also revealed some technical issues with the network, disappointing investors and several traders.

CHUCK’s launch on ETH is due to its extensive and vibrant community of users and developers, laying the perfect foundation for the growth of meme coins and leading to strong collective support for these assets.

Additionally, as a proven blockchain, Ethereum ensures a reliable and robust framework for performing memecoin transactions. This is an essential element in attracting investment and maintaining the continuity of these initiatives.

It is worth noting that some of the top meme coins such as FLOKI, SHIB, and PEPE are Ethereum-based.

price action: At the time of writing this article, Chuck It was trading at $0.0001006.

Read next: If SHIB reaches 1 cent, how much should you invest in a Shiba Inu today to earn a million dollar salary?

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This article shows CHUCK meme coin aimed at “making Ethereum great again” soars 25,800% after launch, leaving Dogecoin, Shiba Inu, in the dust.

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