Cryptocurrency created by a joke on Twitter has grown by 119,000%

The new Ethereum-based altcoin THE has shown a sharp jump in price. The reason for this was a joke made by Vitalik Buterin, one of the creators of the first-level blockchain. on October 14, he wrote on Twitter that someone should create a project called «THE protocol» to take advantage of how often this article is used in English.

Soon after, an unknown development team did indeed launch a project called The Protocol with a native THE token.

Since October 17, the price of THE has increased by 119,118%, rising from $ 0.384 to $ 0.4 578 in just a few hours. However, the peak has passed — over the past day, the token has lost 31.9%.

It is worth reminding that Buterin caused the emergence of two meme coins last week — discussing the THE token, Buterin mentioned a possible DIE token. This comment did not go unnoticed by hype developers, which led to its rapid emergence and growth.