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StupidCoin ($STUPID) Surges to $30 Million Market Cap, Launched by Bitcoin Maximalist

Jan 25, 2025, 06:38 PM

A new cryptocurrency, referred to as $STUPID or StupidCoin, has experienced a rapid increase in value and trading volume. Launched by a Bitcoin maximalist to demonstrate the perceived lack of value in meme coins, $STUPID has attracted significant attention, reaching a market capitalization of $30 million. Within an hour of its launch, it amassed 10,000 holders and recorded $70 million in trading volume. The coin's value surged from $5 million to $10 million, doubling in value, and then further increased to $25 million after a large purchase of $600,000 in a single transaction. This rapid growth has led to discussions about the potential for such 'shitcoins' to outperform expectations and the behavior of Bitcoin maximalists in the market.