Its total raise hit $6.2 million overnight, signaling investors are working around the clock to secure the remaining $PLAY supply.
Crypto traders are burning through the remaining PlayDoge ($PLAY) token supply as its total raise hit $6.2 million overnight.
The Play-to-Earn meme coin spans two hot narratives and might be launching at the epoch of another meme coin season.
But what does CZ’s prison release, Elon Musk’s presidential cabinet soft-shill, and an RJ blessing have to do with it?
Let’s find out.
Traders Burn Remaining PlayDoge Supply, Presale Ending Soon
As covered by Cryptoslate, PlayDoge is a new meme coin Play-to-Earn crossbreed. It spans two hot narratives and might be launching at the epoch of another meme coin season.
The good news is that PlayDoge is a Binance Smart Chain (BSC) native meme coin.
Right now, the BSC meme coin market is at a fever pitch.
Degens are going wild on the release of CZ from prison into a “halfway house” before his full release in September.
Just In: Binance Founder CZ Is Out Of Jail And Has Been Transferred To A ‘Halfway House’.
Full Releases In September, Just In Time For Bull Market pic.twitter.com/OVNQHpyaN6
And with perfect timing, BSC devs have just launched a new meme coin trading platform called Four Meme.
It’s a high-risk setup reserved for hardcore degens, akin to Solana-based Pump.fun.
Pump.fun generated a lot of revenue for its owners, but traders mostly lost money.
• 98.6% of memecoins created on pumpfun fail to launch.
• Only 3% of wallets made more than $1k.
• The platform made $100M in fees.
Hooked yet? Good luck.
However, it was a key part of Solana’s ecosystem, and now Binance has its own version.
The FOUR token has caught a tailwind, pumping 130% this week.
Other BSC meme coins are also on the rise, and investors continue to argue about which will be next to boom.
aped a bag of $CAT on $BNB, chart is up only so find your entry
CZ out of jail, BNB looking good for a run up, BSC hasn’t had a decent meme that has ran to billions
given all that with a great ticker, I aped some size and if it gives lower entry i will DCA pic.twitter.com/8oxCTRm4q3
But there’s every chance it could be PlayDoge.
Reflected by its $6 million total raise, a huge community is gathering.
Community is the bedrock for meme coin growth.
As the token lists on exchanges, these holders could help spread the word and potentially accumulate more $PLAY tokens.
Elon Musk Soft-Shills DOGE To Potential U.S. President, Bullish For $PLAY?
Yes – you read that right.
Presidential candidate Donald Trump was just asked whether he’d consider appointing Elon Musk to his cabinet.
“He's a very smart guy,” Trump responded. “I certainly would, if he would do it, I certainly would. He's a brilliant guy.”
And how did Musk respond to this honorable proposition?
He accepted with a Dogecoin meme.
I am willing to serve pic.twitter.com/BJhGbcA2e0
They’re talking about serious business, yet Musk continues to joke about Dogecoin.
That’s the formula that catapulted DOGE to an $89 billion market cap last cycle.
It also allowed Dogecoin-related cryptos, such as Shiba Inu, Baby Doge, Safemoon Inu, and many others, to explode.
And now it seems like history is repeating, but on a bigger scale.
Since last cycle, Musk has acquired X (formerly Twitter).
He won’t just tweet Dogecoin memes from the Tesla and SpaceX HQs; he’ll also fire them from the X office and maybe even the White House.
It’s good news for Dogecoin, and could boost tiny related meme coins like PlayDoge.
Analyst Says $PLAY Can 100x On Tamagotchi-Themed Use Case
PlayDoge’s game is a P2E-infused reboot of Tamagotchi.
Tamagotchi is a pet companion game that was launched in 1996. The idea is that players can have a pet they can carry around in their pocket.
They’d care for it, ensuring it was fed, rested, and entertained.
And if it wasn’t, the pet would run away or die, and the game would restart.
PlayDoge is similar, except it has better graphics, will launch on mobile, and users get paid to play.
Coupled with its meme coin allure, this is drawing a lot of attention from analysts.
For example,
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