Coinye West ($COINYE), a new memecoin on Coinbase’s Base network, has launched with the hopes of reviving an original crypto meme. The coin has surpassed a $10 million market cap just a few days after launching.
In early 2014, 'Coinye West' launched as its own chain and coin, well before tokens and ERC20s on Ethereum. Before the term 'memecoin' even existed, WIRED magazine named them 'statement crypto-currencies'. Users had the ability to mine the coin before it launched and they were traded via OTC forum deals.
However, just days after launch, Kanye and his lawyers went after the developers of Coinye West and the project was shut down. Over the years many have speculated on the valuation of COINYE if it wasn't shut down, especially given it was launched just weeks after DOGE, a top 10 cryptocurrency.
The original coin was highly anticipated and captured a lot of press attention. Many early crypto believers were investors in the original Coinye West and they were financially burned when lawyers forced the original founders to shut down the chain. The new community behind $COINYE hopes that this gives them the ability to revive the memecoin they once thought would take over the world.
The ethos of the cryptocurrency community is one of unstoppable and decentralized networks. $COINYE on Base now lives forever, lawyer free. It’s the hope of the Coinye West community that this gives the chance for the original meme to live on.
Base network, launched by Coinbase, is a layer 2 built on Ethereum which enables extremely cheap and fast trading. A huge surge in traffic and valuations have taken place on Base in the past couple of weeks and many crypto traders are making their way there from Ethereum and Solana.
Social Links:
Twitter: https://twitter.com/coinye_westcoin
Web: https://coinye.lol/
Telegram: https://t.me/CoinyeWest
Topic: Coinye, a 2014 memecoin reborn, flies past $10 million valuation after launching (Read 34 times)
March 29, 2024, 05:49:59 PM
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