The cryptocurrency known as "BITCOIN" has seen a surge of over 300% in value in the past week, but it is not the well-known Bitcoin that is responsible for this increase. Instead, "BITCOIN" is actually a new meme token called HarryPotterObamaSonic10Inu (ERC-20), which is generating over $14 million in daily volume on UniswapV2 on Ethereum. The token's value has risen from $0.015 on July 13 to a high of $0.09 on July 20, and currently trades at $0.067 with an estimated market cap of $66 million. This spinoff coin is not uncommon and has seen some success in the past, such as Shiba Inu (SHIB) which briefly overtook Dogecoin's market cap.
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New Meme Token "HarryPotterObamaSonic10Inu" with Ticker Symbol "BITCOIN" Surges in Value
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