One of Web3’s hottest meme coin projects has just seen its presale eclipse the massive $800,000 milestone, despite launching less than two weeks ago.
Thug Life Token is themed around the timeless Thug Life movement that was first popularized by hip-hop stars such as Snoop Dogg back in the 80s.
The project’s $THUG token presale has been generating significant hype within crypto circles, with many industry experts tipping $THUG to be a major success thanks to the refreshing take it brings to the meme coin space.
$THUG is the “baller's meme coin,” the project says on its website.
“Get gangsta in this market and pimp out your money game”.
But meme coin degens are running out of time to get involved early.
That's because the $THUG presale is scheduled to end in seven days, or once the $2.058 million mark is hit (whichever comes first).
After that, the only way to secure $THUG tokens will be via the project's airdrop and community rewards campaign or at a potentially elevated price on major decentralized exchanges (DEXs).
$THUG – A Community-Focused Meme Coin
The Thug Life Token promotes itself as a “second chance for those who have been played, influenced, and used as a cash-out.”
More than just another meme coin, $THUG is “a movement fueled by humor, brotherhood, and the shared struggle of hustling in this web3 world.”
In keeping with the meme coin project's strong focus on the community before all else, 70% of the token's 4.2 billion supply is being made available during the presale, all for a price of $0.0007.
That means investors won't get caught out unfairly by price rises.
15% of the token supply is dedicated to community rewards once the token launches on DEXs.
Assuming the token is at least able to hold its presale price of $0.0007, that means the community will receive giveaways of at least $400,000 – another reason why meme coins degens have been getting so excited about the project.
The remaining 15% of the token supply is reserved for marketing, with the project keen to get a wave of influencers on board to help pump the $THUG price.
Meanwhile, the team behind Thug Life has committed to locking liquidity upon its launch on decentralized exchanges (DEXs) – a move that’s rarely seen in the meme coin space.
The team behind $THUG has also pledged to immediately lock liquidity upon the DEX launch.
This is a rare move in the meme coin space and should ensure a better trading environment, as well as removing the possibility of a rug pull.
Three Reasons Why $THUG Might Be The Next Pepe Coin
Thug Life Token has all the hallmarks of a meme coin that could be a major success.
Here are three reasons why.
Firstly, at the presale price of $0.0007 and total maximum supply of 4.2 billion, the Thug Life Token presale only values the coin at a very conservative $2.94 million fully diluted market cap.
That’s much smaller than most other comparable presale projects, leaving plenty of room for explosive upside, an attractive proposition for small-cap gem-hunting meme coin degens.
Secondly, Thug Life Token is already building a strong organic community across social media platforms, with the community the lifeblood of any successful meme coin.
Thug Life Token’s Twitter account now has over 3,500 followers, with its meme tweets routinely getting over 500 likes.
The project’s Telegram channel, meanwhile, has over 1,700 subs.
Finally, Thug Life Token is backed by the same experienced, successful marketing team that drove nearly 100x gains for the SpongeBob meme token back in April.
Their outreach means that the Thug Life Token project already features prominently across numerous reputable crypto news websites including Cryptonews.com, Be[In]Crypto, Business 2 Community, and InsideBitcoins.
At the same time, a host of widely followed and well-respected crypto influencers including Michael Wrubel, Jacob Crypto Bury, and Crypto Gains are also spreading the word about the project.
As the token catches the attention meme coin investing community’s attention, presale investors could be set for explosive gains.
Think about it: Pepe coin, based on the also timeless Pepe the frog meme, was able to reach a market cap of nearly $2 billion, despite offering no utility.
$THUG plays on a similarly popular “Thug Life” theme and could easily catch fire.
Even if $THUG only reaches a market cap say $60 million, that would still mean potential gains of more than 20x for presale investors.
100x gains should not be ruled out.
$THUG can be purchased using ETH or USDT via the Ethereum blockchain on the Thug Life Token website.
Join the $THUG movement, get that FOMO, and turn screw-ups into profits now.
John Ravenporton is a writer for many popular online publications. John is now our chief editor at DailyTechFeed. John specializes in Crypto, Software, Computer and Tech related articles.