{"id":419871,"date":"2023-07-17T16:39:36","date_gmt":"2023-07-17T16:39:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=419871"},"modified":"2023-07-17T16:41:50","modified_gmt":"2023-07-17T16:41:50","slug":"thug-life-the-newly-launched-meme-coin-hits-the-market-today-will-it-achieve-the-same-100x-growth-as-sponge","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/thug-life-the-newly-launched-meme-coin-hits-the-market-today-will-it-achieve-the-same-100x-growth-as-sponge","title":{"rendered":"Thug Life, The Newly Launched Meme Coin, Hits The Market Today – Will it Achieve The Same 100x Growth as $SPONGE?"},"content":{"rendered":"

Meme coin degens are strapping on their seat belts ahead of what is expected to be an explosive launch for Thug Life Token today.<\/span><\/p>\n

$THUG, which analysts are hailing as one of 2023’s top shitcoin investment opportunities, launched at 18:00 CET.<\/span><\/p>\n

https:\/\/twitter.com\/thug_life_token\/status\/1680938456187559937<\/p>\n

After this time, $THUG will be available for trade across major Ethereum-based decentralized exchanges (DEXs), while investors who got in on the project’s blockbuster presale will be able to<\/span> claim their tokens<\/span><\/a>.<\/span><\/p>\n

Thug Life Token’s presale, which ended over the weekend, raised over $2 million in under two weeks, a strong sign that there remains significant unmet demand for the token heading into its launch.<\/span><\/p>\n

Traders yet to get their hands on $THUG may want to move quickly when the token debuts later on Monday, as FOMO and pent-up demand could quickly send its price shooting well above the presale price.<\/span><\/p>\n

Thug Life Token<\/span><\/a> is themed around the timeless Thug Life movement that was first popularized by hip-hop stars such as Snoop Dogg back in the 90s.<\/span><\/p>\n

$THUG is the “baller’s meme coin,” the project says on its website. “Get gangsta in this market and pimp out your money game.”<\/span><\/p>\n

100x $SPONGE Token Marketing Team Now On Thug Life<\/span><\/h2>\n

Thug Life Token has generated significant buzz within web3 circles given that the team behind the project is the same team that created Sponge.<\/span><\/p>\n

Meme coin degens might remember that $SPONGE was able to achieve gains of nearly 100x from its DEX launch price and hit a maximum market capitalization of around $50 million.<\/span><\/p>\n

And the Thug Life Token team has been hard at work making sure that the token equals, or even surpasses the success of $SPONGE.<\/span><\/p>\n

Their outreach means that the Thug Life Token project already features prominently across numerous reputable crypto news websites including<\/span> Be[In]Crypto<\/span><\/a>, <\/span>CryptoPotato<\/span><\/a> and<\/span> Finbold<\/span><\/a>.<\/span><\/p>\n

At the same time, a host of widely followed and well-respected crypto influencers including the likes of<\/span> Crypto Gains<\/span><\/a> are also spreading the word about the project.<\/span><\/p>\n

Meanwhile, Thug Life Token is killing it on social media, with now more than 4,800 followers on<\/span> Twitter<\/span><\/a> and with its meme tweets routinely getting over 500 likes.<\/span><\/p>\n

Furthermore,<\/span> the project’s Telegram channel<\/span><\/a> has over 2,600 subs.<\/span><\/p>\n

As meme coin degens know well, the secret sauce to success in the meme coin market is building a loyal and engaged degen community who buy into a tokens theme and vision.<\/span><\/p>\n

Given the significant attention that Thug Life Token is already getting, it’s highly unlikely that $THUG will stay at a market cap of $3 million for long.<\/span><\/p>\n

$THUG token: Fair tokenomics and refreshing approach could drive a significant price increase.<\/h2>\n

$THUG’s aforementioned low market cap and massive marketing push are two big reasons why the token could see a massive pump.<\/span><\/p>\n

But $THUG also has a lot of positives going for it, such as its fair tokenomics structure.<\/span><\/p>\n

70% of the token supply was sold in the presale and there is no insider\/team allocation.<\/span><\/p>\n

In fitting with its community-first approach, 15% of $THUG’s 4.2 billion token supply has been dedicated to community giveaways.<\/span><\/p>\n

Assuming that $THUG is able to at least maintain its price of $0.0007 after the DEX launch, this means the community will receive giveaways at least $400,000.<\/span><\/p>\n

The remaining 15% is reserved for marketing, with the project keen to get a wave of influencers on board to help pump the $THUG price, and<\/span> DEX liquidity<\/span><\/a>.<\/span><\/p>\n

Indeed, the team behind Thug Life has committed to locking liquidity upon its launch on decentralized exchanges (DEXs) for at least three months.<\/span><\/p>\n

This is a rare move in the meme coin space and should ensure a better trading environment, as well as removing the possibility of a rug pull or token dump.<\/span><\/p>\n

Meanwhile, industry observers have praised $THUG due to the refreshing take it brings to the meme coin space.<\/span><\/p>\n

$THUG is not based around out-of-fashion dog memes or short-term social media fads, like meme coins created in response to Elon Musk or Andrew Tate tweets.<\/span><\/p>\n

Rather, $THUG is themed around the timeless Thug Life movement that was first popularized by hip hop stars such as Snoop Dogg back in the 80s.<\/span><\/p>\n

The Thug Life Token promotes itself as a “second chance for those who have been played, influenced, and used as a cash-out.”<\/span><\/p>\n

More than just another meme coin, $THUG is “a movement fueled by humor, brotherhood, and the shared struggle of hustling in this web3 world.”<\/span><\/p>\n

Learn More Here<\/span><\/a><\/p>\n

Can $THUG Pump 100x in 2023?<\/span><\/h2>\n

The team behind Thug Life Token have an explicitly stated goal to reach a $100 million market cap, which would give presale investors 34x gains.<\/span><\/p>\n

The meme coin project’s roadmap states that the team will strive to achieve this milestone with a combination of airdrop campaigns, giveaways, CEX listings, partnerships and a $THUG token burn.<\/span><\/p>\n

But some analysts think $THUG could go beyond $100 million.<\/span><\/p>\n

Popular crypto YouTuber<\/span> Michael Wrubel<\/span><\/a> has tipped $THUG for potential 100x gains, which would see the token’s market cap come close to $300 million.<\/span><\/p>\n

That may sound like an outlandish price prediction, but readers should bear in mind that Pepe coin, based on the also timeless Pepe the frog meme, was able to reach a market cap of nearly $2 billion, earlier in the year.<\/span><\/p>\n

$THUG plays on a similarly popular “Thug Life” theme and could easily catch fire.<\/span><\/p>\n

Join the $THUG movement, get that FOMO and turn screw-ups into profits now.<\/span><\/p>\n

Don’t miss out on what could end up as 2023’s hottest meme coin launch.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Meme coin degens are strapping on their seat belts ahead of what is expected to be an explosive launch for Thug Life Token today. $THUG, […]<\/a><\/div>","protected":false},"author":1893,"featured_media":415863,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[5357,7598,5549,7599,7992,7893],"class_list":["post-419871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-blockchain","tag-crypto","tag-cryptocurrency","tag-market","tag-technical-analysis","tag-trading"],"acf":[],"yoast_head":"\nThug Life, The Newly Launched Meme Coin, Hits The Market Today - Will it Achieve The Same 100x Growth as $SPONGE?<\/title>\n<meta name=\"description\" content=\"Meme coin degens are strapping on their seat belts ahead of what is expected to be an explosive launch for Thug Life Token today. $THUG, which analysts\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/419871\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thug Life, The Newly Launched Meme Coin, Hits The Market Today - 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