Markkacy (KACY) is a meme-based cryptocurrency that has recently emerged on the Solana blockchain. It draws inspiration from the online persona Mark Kacy, an anonymous comedian and content creator known for his humorous animations on platforms like TikTok. Despite his anonymity, Mark Kacy has amassed a significant following, with over 5.3 million followers and nearly 79 million likes on his videos. His content, characterized by deadpan humor and meme animations, has resonated widely, earning millions of views on some videos.
The KACY token was launched on November 22, 2024, and has quickly gained attention in the cryptocurrency community. As of November 23, 2024, the token is trading at approximately $0.064715, with a 24-hour trading volume of $221.66 million and a market capitalization of $64.72 million. The token’s price has experienced volatility, decreasing by 10.72% in the last 24 hours. Its all-time high was $0.075254, reached on November 22, 2024.
KACY is categorized as a meme coin, a type of cryptocurrency that often lacks intrinsic utility and is primarily driven by community engagement and speculative interest. The official website for KACY explicitly states that it is a memecoin with no utility, advising potential investors to exercise caution and not to risk money they cannot afford to lose.
The token is built on the Solana blockchain, known for its high throughput and low transaction fees. This choice of blockchain allows for efficient transactions and scalability, which are crucial for tokens that may experience rapid trading activity. The circulating supply of KACY is reported to be 1 billion tokens, aligning with the total supply, indicating that all tokens are currently in circulation.
Trading for KACY is available on several cryptocurrency exchanges, including LBank, XT.COM, and Poloniex. On LBank, the token is trading at approximately $0.049544 with a 24-hour volume of $1.80 million. XT.COM lists KACY at around $0.048124 with a 24-hour volume of $910,559. Poloniex offers the token at about $0.069095 with a 24-hour volume of $153,104. These figures highlight the token’s active trading and the interest it has garnered among investors.
It’s important to note that meme coins like KACY are highly speculative and can be subject to significant price volatility. Investors should conduct thorough research and consider the inherent risks before engaging in trading or investment activities related to such tokens. The lack of intrinsic utility means that the value of KACY is largely driven by market sentiment and community engagement, which can be unpredictable.
In summary, markkacy (KACY) is a meme-based cryptocurrency inspired by the online persona Mark Kacy. Launched on the Solana blockchain, it has quickly gained attention in the crypto community. However, as a memecoin with no inherent utility, it presents a high-risk investment, and potential investors should approach with caution.