{"id":419683,"date":"2023-07-17T13:27:57","date_gmt":"2023-07-17T13:27:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=419683"},"modified":"2023-07-17T13:27:57","modified_gmt":"2023-07-17T13:27:57","slug":"mr-hankey-coin-to-celebrate-christmas-5-months-early-with-huge-token-burn","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/mr-hankey-coin-to-celebrate-christmas-5-months-early-with-huge-token-burn","title":{"rendered":"Mr. Hankey Coin to Celebrate Christmas 5 Months Early with Huge Token Burn"},"content":{"rendered":"<p>The recently launched South Park-themed cryptocurrency, Mr Hankey Coin ($HANKEY), has gained significant traction in the Web3 space following its debut on the Uniswap cryptocurrency trading platform.<\/p>\n<p>And now its value is looking to receive a further boost when around 50 million tokens of the 1 billion available are burnt later today.<\/p>\n<p>The coins were set aside for <a href=\"https:\/\/www.dextools.io\/app\/en\/ether\/pair-explorer\/0x677d46d3abca5e2d3a2286c52809b51457dd2368\">Mr Hankey<\/a> team members and developers, but today at around 2pm EST 5% of the total available pool of tokens will be destroyed, in a measure that often serves to raise the value of the remaining coins, as their scarcity increases.<\/p>\n<p>Mr Hankey Coin leverages the viral themes of the highly successful and influential cartoon South Park, capitalizing on the notion that the term &#8220;shitcoin,&#8221; previously seen as derogatory, now represents a promising opportunity.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/HowdyHo?src=hash&amp;ref_src=twsrc%5Etfw\">#HowdyHo<\/a> folks. <a href=\"https:\/\/twitter.com\/search?q=%24Hankey&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$Hankey<\/a> is about to give all holders an early Christmas present. He&#39;s going to take an obscene amount of tokens and send them to a watery grave! <\/p>\n<p>We will be conducting a massive burn of <a href=\"https:\/\/twitter.com\/hashtag\/mrHankey?src=hash&amp;ref_src=twsrc%5Etfw\">#mrHankey<\/a> tokens. Keep your eyes on this turn, cause it&#39;s happening soon! <a href=\"https:\/\/t.co\/44GAe23jeV\">pic.twitter.com\/44GAe23jeV<\/a><\/p>\n<p>&mdash; Mr Hankey (@MrHankeythecoin) <a href=\"https:\/\/twitter.com\/MrHankeythecoin\/status\/1680874814654025728?ref_src=twsrc%5Etfw\">July 17, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Mr. Hankey went into presale on July 13, and sold out within just 10 hours, generating $500,000 in the process. The speed of the presale closure accelerated the move to a decentralised exchange, and by midday EST on July 14 the coin was up and running on Uniswap.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cimg.co\/news\/119685\/318040\/responsive-images\/scr-20230714-ors___media_library_original_736_486.jpg\" \/><\/p>\n<p>Shortly after trading began, Mr Hankey peaked at $0.0000017342 before pulling back as low as $0.0000004412 by 6pm EST on July 15. Its total liquidity is now just above that of its presale total, at $503,000, and $334,000 worth of Mr Hankey was traded during the past 24 hours, according to the <a href=\"https:\/\/www.dextools.io\/app\/en\/ether\/pair-explorer\/0x677d46d3abca5e2d3a2286c52809b51457dd2368\">DexTools<\/a> cryptocurrency price analytics website. The total market cap has now reached almost $2 million.<\/p>\n<p>&nbsp;<\/p>\n<h2>What Does The Future Hold?<\/h2>\n<p>Price retraced quickly from the Saturday low to the 38.2% fibonacci level by Sunday evening EST, and shortly thereafter pinged almost to the golden zone at 61.8% of the retracement. Currently, at 8.30am EST, Mr Hankey is holding just under the 50% fibonacci level, at a discount price of $$0.0000010591.<\/p>\n<p>A return to the 61.8% area at and above $0.0000012403 is very likely, possibly even to the 76.4% level at $0.0000014290. The 23.6% fibonacci is acting as a strong support level at this time, so a pull back to this price at $$0.0000007463 then a pump into the golden zone is also a possibility.<\/p>\n<p>&nbsp;<\/p>\n<h3>Related News<\/h3>\n<ul>\n<li>\n<p class=\"entry-title\"><a href=\"https:\/\/insidebitcoins.com\/news\/ripple-ruling-on-shaky-ground-will-likely-be-overturned-former-sec-lawyer-says\">Ripple Ruling \u2018On Shaky Ground,\u2019 Will Likely Be Overturned, Former SEC Lawyer Says<\/a><\/p>\n<\/li>\n<li>\n<p class=\"entry-title\"><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-still-bound-at-30k-level-while-wall-street-memes-surges-to-15-million-in-presale\">Bitcoin Still Bound At $30k Level While Wall Street Memes Surges to $15 Million in Presale<\/a><\/p>\n<\/li>\n<li>\n<p class=\"entry-title\"><a href=\"https:\/\/insidebitcoins.com\/news\/ripple-coin-gains-3-as-court-decision-continues-to-boost-xrp-value\">Ripple Coin Gains 3% As Court Decision Continues to Boost XRP Value<\/a><\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The recently launched South Park-themed cryptocurrency, Mr Hankey Coin ($HANKEY), has gained significant traction in the Web3 space following its debut on the Uniswap cryptocurrency <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/mr-hankey-coin-to-celebrate-christmas-5-months-early-with-huge-token-burn\" title=\"Mr. Hankey Coin to Celebrate Christmas 5 Months Early with Huge Token Burn\">[&#8230;]<\/a><\/div>","protected":false},"author":1893,"featured_media":417608,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[5357,7598,8292,7632,8009,7992,7893],"class_list":["post-419683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-blockchain","tag-crypto","tag-cryptocurrency-trading","tag-price-analysis","tag-price-prediction","tag-technical-analysis","tag-trading"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mr. Hankey Coin to Celebrate Christmas 5 Months Early with Huge Token Burn<\/title>\n<meta name=\"description\" content=\"The recently launched South Park-themed cryptocurrency, Mr Hankey Coin ($HANKEY), has gained significant 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