New Token Thug Life Makes Explosive Start to Presale - Could it be the Next Big Meme Coin?
Thug Life ($THUG), a new meme coin aimed at bringing crypto investors together to share in the ups and downs of the market, raised $170,000 in the first 72 hours of its presale.
The presale’s red-hot start has many crypto analysts and traders taking a close look at $THUG. Some are suggesting that $THUG could be the next meme coin to follow in the footsteps of PepeCoin.
Thug Life’s message to investors is to ‘Thug Up’—that is, to invest and hold on, no matter what the crypto market throws at them.
The project’s ethos comes directly from the wild meme coin environment of the past few months, when some tokens minted millionaires and others left investors holding the bag. According to Thug Life, the best way through it all is for crypto traders to come together and laugh it off.
Thug Life prominently features popular memes like Snoop Dog, fist pump baby, Pepe, and, of course, a shiba inu. Just a day after launching, it’s already built a community of more than 2,200 Twitter followers and 360 Telegram subscribers.
$THUG doesn’t have utility, but that hasn’t stopped other meme tokens from exploding in value after launch. PepeCoin also lacked utility and shot up 6,000% after its ICO. $SPONGE jumped more than 3,000% without utility.
Given the early popularity of $THUG, it looks like this meme coin could be on a similar trajectory.
Single-stage Presale Offers Limited Time to Invest
The team behind Thug Life has allocated 70% of the total 4.2 billion-token supply to the presale. The remaining tokens will be used for marketing (15%) and community rewards (15%).
After the presale ends, Thug Life plans to list $THUG on DEXs initially to make the token available equally to everyone in the community. The token’s liquidity pool will be locked for 3 months after launch.
Traders who hold $THUG after the ICO will also be able to take part in an airdrop to reward the community. The team plans to announce criteria for the airdrop after the token’s launch.
The Thug Life presale has only a single stage, during which $THUG is selling at $0.0007. There’s no minimum or maximum purchase during the presale, so bullish investors can load up $THUG. Investors can buy $THUG using either ETH or USDT.
The Thug Life presale has a hard cap of $2.058 million.
The presale sold out more than 6% of its total allocation in less than 24 hours. If that blistering pace continues—and it shows no sign of slowing down so far—Thug Life could sell out its presale and hold its ICO in a matter of weeks.
So, investors won’t want to wait to check out $THUG and get in on the next explosive meme coin.
