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- Tiger king coin came into existence in late MAY 2021 with a total supply of 1 TRILLION. It has seen an unprecedented rise in the month of July.
- TKING shoot to the sky after receiving support from prominent social media influencers. Meanwhile, it is trading with a gain of 146% in the intraday session
What Is TKING Coin?
The Tiger king coin claims to be the official currency of the Tiger King series launched on Netflix last year. Tiger king web series is based upon the story of Joe Exotic and Carol. TKING is a type of meme coin launched on the Ethereum Platform. According to their website, they are the official cryptocurrency for the Joe Exotic to the global public. They also say that the sales from the NFTS and tokens will be split between Joe Exotic defense team and on tiger rescue funding The current supply of the coin is 1 trillion with a market capitalization of $486,308. They are currently present in the UNISWAP exchange for trading and are trading near $0.0000477. Tiger King is a Deflationary asset with a burning rate of 2% on every transaction. They are also the parent coin of Tcub available on the Binance smart chain. The jump of more than 22X has attracted the interest of investors.
What Is Behind The Jump Of TKING Coin?
From July 5, 2021, to July 9, 2021, the coin jumped by more than 1000%, making it the 2559th valuable asset in the crypto market. TKING is officially sponsored by Joe Exotic who is always outspoken about the coin and is currently serving 22 years of prison time. Tiger king has a total of 6588 holders in which more than 30% of the supply is concentrated in the top 10 addresses. The main reason behind the jump of Tiger King is Matt Wallace who is a popular DOGE investor and social media influencer. He tweeted that the Tiger king will uproar when season 2 of the TV series hits the screen. One might argue about the fact that it has no real applications and can hit a new low from this point.
Conclusion
TKING coin has seen a jump of more than 1000% in just ten days, attracting the interest of the investors around the market. Tiger King is a meme coin that has seen a pump because of prominent social media investors. Investors are relying on a TV series for their investment to go up rather than any good fundamental applications. One should not get hyped for the amazing gains in the past but should lookout for what the future holds.
