Cultcoin Debuts with $600M Valuation: Next Big Thing in Crypto Trading?
The cryptocurrency market faced a major setback, losing $267 billion and dropping below $3.49 trillion in total value. Bitcoin also took a hit, falling to $96,751 after struggling to stay above $100,000. If this downward trend continues, Bitcoin could fall further to $95,668, and the entire market could risk falling closer to $3.10 trillion.
While the leading cryptocurrencies face losses, new tokens are emerging, offering investors fresh opportunities amid the slump.
Among these is Cultcoin, the latest token capturing attention with its innovative approach and connections to the NFT space. What makes it stand out?
Cultcoin Has Huge Potential!
Meet Cultcoin, the latest addition to the crypto market that’s already generating buzz. With a Fully Diluted Valuation (FDV) of over $600 million, Cultcoin has quickly attracted attention from traders and NFT enthusiasts. Created by Remilia Corporation, the same team behind the Milady NFT collection, Cultcoin’s launch is seen as a strategic move to connect NFTs and cryptocurrency.
A Promising Start!
Cultcoin officially went live last Thursday and sparked an immediate trading frenzy. Its FDV soared to $845 million right after its launch but later stabilized at $630 million, based on Dexscreener data.
The token’s journey began in June when it raised $20.5 million during its pre-sale. The team has designed a well-structured tokenomics plan, with half of the 10 billion supply allocated to a special “Cult fund”. This fund will support both short-term and long-term community growth, helping maintain ecosystem stability.
On top of that, early holders of Milady Maker and Redacted Remilio Babies NFTs received airdrops, further connecting Cultcoin to the thriving Remilia NFT ecosystem.
More Than Just a Memecoin
Cultcoin has attracted attention due to its unique concept. Charlotte Fang, a key member of the Remilia community, emphasized that Cultcoin is more than just a meme token. She referred to it as a “metamemecoin” or “memeplexcoin,” designed to support a self-organizing, ideologically driven ecosystem.
Fang took to social media to clarify that Cultcoin isn’t just a Milady-branded token but a unique and standalone crypto project.
NFTs and Crypto
Cultcoin is part of a growing trend of NFT projects branching out into the cryptocurrency market. For instance, Pudgy Penguins, another well-known NFT collection, recently launched its own token, Pengu, with plans for large-scale community airdrops to reward holders.
Whales Already Cashing In
One Ethereum trader turned 500 ETH ($1.99 million) into a whopping $1 million profit by strategically acquiring 467.64 million CULT tokens. The trader paid a hefty 100 ETH ($398,000) as a bribe fee to secure the first purchase of $CULT tokens, a risky but profitable strategy.
After selling 267.64 million CULT tokens for 432 ETH ($1.72 million), the trader still holds 200 million CULT tokens, valued at about $1.32 million based on current prices.
With 10 airdrops set for December, this could become an exciting month for traders. However, it’s important to research thoroughly before diving into these opportunities.
