Controversial crypto influencer Ben Armstrong, alias BitBoy, has introduced the launch of a brand new cryptocurrency token $BEN.
BEN is the governance token for Bitboy’s decentralized autonomous group tagged Ben DAO.
The influencer took to Twitter to share the event on Could 8, highlighting just a few key components in regards to the token.
$BEN is the latest meme coin to affix an extended listing, with an as-yet unknown utility aside from ‘being higher than JEFF token’, Armstrong said.
Ben Token Touted As Prime Of The Meme Coin Cycle
Based on broadly adopted crypto Twitter account @inversebrah, BEN had already been buying and selling for 2 days earlier than Ben Armstrong’s disclosure.
The social sentiment for BEN has additionally been blended.
Some merchants reacted badly to BitBoy not informing them earlier in regards to the coin. Crypto McKenna, one other well-known Twitter influencer with 61.5K followers, even branded Bitboy’s token as a prime sign for meme cash.
Some assume Bitboy created the token, however he claims the token was created by one other get together on behalf of his group, Ben DAO.
In BitBoy’s phrases, that decentralized autonomous group is made up of “all of the essential Bens in crypto.” Bitboy went on to say that Ben token began as a enjoyable factor that he did not anticipate will get critical.
When requested why he determined to do it, Bitboy said the coin’s market cap turned $1 million in a single day whereas he was asleep, turning what began as a joke right into a critical funding.
Ben Armstrong additionally disclosed he has Ben tokens in his portfolio. He listed some key details in regards to the coin noting it bears his title and that Ben DAO is on Telegram.
Once more, Bitboy made bullish remarks about his Ben token, touting it as a greater coin that can outpace JEFF coin to develop into the primary.
With 1 million Twitter followers, Ben is cherished by some and hated by others. He is explicit well-known for his spat with defunct change FTX’s former CEO Sam Bankman-Fried.
He criticized Bankman-Fried over the collapse of the crypto change, condemning a number of celebrities for selling FTX. Bitboy even traveled to the Bahamas through the FTX fiasco to confront Bankman-Fried.
New Cryptocurrency $BEN Goes Viral With Preliminary Value Rally
CoinGecko data exhibits Ben token at present has an over $8 million market cap. Its 24-hour buying and selling quantity is $40 million.
The token reached an all-time excessive of $0.000000057 on Could 8.
Trending Meme Coin Options
Whereas the token has carried out effectively to this point, Ben’s dogged popularity on crypto Twitter might have an effect on the $BEN worth within the coming days, with a number of influencers essential of his new undertaking.
This week we highlighted some new trending meme tokens on this article that could possibly be a greater guess.
Additionally see our not too long ago up to date breakdown of the 16 best new cryptocurrency projects of 2023.