Grumpy Cat meme coin has raised $70,000 for animal shelters.

Spread the love

 462 Interactions,  6 today


A Grumpy Cat NFT raised more than $80,000 for an animal shelter, while the Grumpy Cat coin group raised more than $70,000 for the same cause.

The Grumpy Cat Coin, or GRUMPY, collective has contributed 39 ETH worth almost $70,000 to the Sterling Animal Shelter in Massachusetts. (Due to GRUMPY’s fluctuating amount, that’s around $10,000 less than what they estimated in their social post below.)

Tardar Sauce, the internet celebrity cat known for her constant grumpiness, inspired the meme coin. The team’s goal, according to the project’s website grumpy.finance, is on “making good endeavours for all of our group partners as well as the world by giving back.”

RECOMMENDED READ:  Binance Coin achieves new milestone with  new ATH of $60

This month, the coin was reported on Uniswap, and $GRUMPY was introduced to CoinGecko on March 16. On March 17, the price increased by 1000%, increasing the market cap from $5 million to $50 million, and it had a trading volume of more than $18 million. The stock is now $0.00000050, down 30% from its all-time peak of $0.00000074 two days earlier. That does not seem to be a high price, but the overall production is 1000 billion, with 450 billion in circulation.

$GRUMPY holders will receive benefits from the 1% commision paid on all purchases, which is automatically re-distributed to all coin holders. The cryptocurrency’s charitable work is mostly concentrated on assisting animal shelters, with their first fundraiser being a gift to the Sterling Animal Shelter.

Grumpy Cat is no longer merely a cryptocurrency; she was recently converted into an NFT. On March 13, the self-described “Worst NFT Ever” depicted a screenshot of Tardar Sauce and fetched 44 ETH worth approximately $78,000 on the NFT marketplace Foundation.

RECOMMENDED READ:  This Analyst explains why Bitcoin is on target to reach $300K by the end of the year

 

The community-driven project shares elements with the Dogecoin community, which founded the Dogecoin Foundation charity in 2014.

Doge may be beginning to break the stigma of being a meme-coin, as it has gained significant traction after Elon Musk and Mark Cuban openly backed it. The Dallas Mavericks, owned by Mark Cuban, now recognise Doge as payment for tickets and merchandise, with a $1 price range expected in the future.

 

Leave a Reply

Contact Us