The community behind the cryptocurrency meme Grumpy Cat Coin, or GRUMPY, donated 39 ETH worth nearly $ 70,000 to an animal shelter in Massachusetts. (Due to price fluctuations for GRUMPY, this is roughly $ 10,000 less than their social media posts stated below.)
The meme coin is based on Tardar Sauce, an internet cat known for its long grumpy look. On the project website grumpy.finance, the team explains that their goal is “to make a successful effort for all members of our community, and the whole world, by giving them their due.”
The coin was listed on Uniswap this month, and GRUMPY was added to CoinGecko on March 16th. The price rose 1000%, increasing the market value from $ 5 million to $ 50 million, and the trading volume was over $ 18 million. in March. 17. Price is currently stabilizing at $ 0.00005050, down 30% from $ 0.0000.0074 from its high two days ago. This may seem like a low price, but the total supply is 1,000 billion and in circulation is 450 billion.
GRUMPY Dollar holders can receive commission bonuses of 1% on all transactions, which are immediately redistributed among all coin holders. Cryptocurrency philanthropy has focused primarily on helping animal shelters as the donation to Stirling Animal Shelter was their first fundraiser to date.
Grumpy Cat is not just a cryptocurrency – it also switched to NFT this month. The self-proclaimed “Worst NFT Ever” features an image of Tardar sauce and earned 44 ETH worth about $ 78,000 on the NFT marketplace on March 13th.
The community-driven project contains elements similar to those of the Dogecoin community, which founded the Dogecoin Charitable Foundation in 2014.
The Doge will likely start shaking up the concept of the meme coin as it has taken on some serious momentum since Elon Musk and Mark Cuban started publicly supporting it. The Cuban Dallas Mavericks now accept Dogen as payment for tickets and merchandise, although they also expect a $ 1 price range in the future.