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The popular sitcom ‘Rick and Morty’ has now become the inspiration for the latest meme coin on Uniswap.
The Pick Or Rick (RICK) token, which is based on a season 3 episode of the sitcom, was launched on 2nd June and quickly started trending on DEXTools. Recent charts have shown that it momentarily surpassed PEPE and became the number 1 trending crypto. But that doesn’t necessarily mean it would be able to replicate PEPE’s feat.
Elon Musk Tweets About Pickle Rick
It is not a secret that Elon Musk is interested in cryptocurrency, especially meme coins. He has always shown his open support for meme coins via his official Twitter account.
His online allegiance to meme coins often results in a major jump in the value of the tokens. For instance, Dogecoin. The coin’s price graph had a steady journey since its launch in 2013 but soon after Elon’s tweet, the value of Dogecoin skyrocketed and reached an all-time high in mid-2021.
Post this episode, most meme coin projects now wish for Elon’s attention on Twitter. And the meme coin enthusiasts keep an eye on Elon’s online activity to move early on the ‘next Dogecoin’.
Earlier this week Elon tweeted about ‘Pickle Rick’, which is an episode of the famous dark comedy sitcom ‘Rick and Morty’. His tweet led to a surge in the value of the new meme coin name $RICK, which is based on this episode.
And to be honest, the tweet itself wasn’t a big deal. He merely agreed to someone saying that pickle rick was one of the best episodes of the show that was ruined by Reddit users – and that led to the emergence of this token.
Pick or Rick (RICK) based on a TV show
The Adult Swim animated sitcom ‘Rick and Morty’ is about a socially awkward teenager ‘Morty’ and his grandfather ‘Rick’. The story follows the journey of the duo as they navigate through domestic life and inter-dimensional misadventures.
The new meme coin- $RICK, is based on the character of the grandfather, Rick Sanchez, who is a cynical mad scientist and often comes up with bizarre schemes in the show. The character is portrayed as an indulgent alcoholic, a genius, a scientist, and a multiverse traveler. Each episode is quirkier than before and touches upon the current popular culture.
This character may have inspired the words ‘trippy staking’ on the token’s description on DEXTools- “Hey, you little shits! Welcome to Rick Coin, With our Pickle Jar Vote to Earn game and trippy staking, we redefine the absurdity of wealth.
Pick or Rick is not the first token inspired by a popular TV show to have gotten traction so quickly. SpongeBob did the same. The token’s value shot up high enough to get on major cryptocurrency exchanges. But it also marked the end of memecoin mania, which necessarily means that Pick or Rick might not take the same price trajectory for a long time.
Is Elon Musk behind Pick or Rick token?
There is no evidence to prove that Elon Musk is behind this token. He may not even be aware of this project.
But he has often come forward saying positive things about the things in popular culture that he likes. His tweet showcasing Milady NFT led to the creation of many tokens, including NOMEME, which went up by many thousand percent within a span of a few hours of being live on Uniswap.
$RICK is the same story. A bunch of crypto enthusiasts took time to capitalize on the reaction that Elon Musk’s statement tend to have on the cryptocurrency market and created the $RICK token. While the token itself is inspiring, it has no utility. This means that these recent upticks it has witnessed won’t last for long.
But there is an alternative asset that has also gotten the attention of Elon Musk once, but also has the community power to become a long-term investment.
Wall Street Memes is a Better Alternative Memecoin – And It Has Also Gotten Elon Musk to Interact With It
Ever since Elon took over Twitter, his social media presence has been growing. He doesn’t shy away from interacting with the cryptocurrency space online.
Recently, he interacted with the official account of a new meme coin called Wall Street Memes (WSM) on Twitter. He first replied to a meme posted by the @wallstmemes account.
The Federal Reserve right now pic.twitter.com/w2OAL9mzTE
— Wall Street Memes (@wallstmemes) March 17, 2023
These interactions are the reasons why Wall Street Memes has gotten a lot of traction in the market within a span of a few days
Wall Street Memes is a community-focused project that takes direct inspiration from the Reddit group wallstreetbets.
The group, which shocked the stock market back in 2021 with its Gamestonks, has been widely praised across the crypto community. Wall Street Memes are one of those admirers, but they are using the philosophy that Wall Street Bets pursued to create a token that can be a worthy investment asset for everyone.
Wall Street Memes, as a community, has over 1 million followers all across social media. With already a wide following, Elon Musk’s tweets are nothing more than a minor catalyst that could push this token’s value.
For now, this token is available as a presale. Wall Street Memes has raised over $3.3 million. This project is sharply focusing on the community aspect of what memecoins can bring to the fold.
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