Hot Meme Coin Burn Kenny Price Pumps 1.5x at Launch, 3-Day 30% Supply Burn Starts and Alpha Calls Kick In
South Park-inspired meme coin Burn Kenny saw its token price soar 1.5x on launch day before finding a near-term bottom, and is now consolidating as it gears up for more advances.
Presale buyers of the coin were sitting on initial gains of 60%, having bought the coin for $0.0001875 to see it touch $0.0002987 for its intraday high.
However, bullish sentiment continues to surround the coin because of its burn schedule over the next three days, in which 10% of the total supply is removed daily.
Today's Burn Kenny token burn has already taken place, which saw 666,666,666 removed from circulation.
With two more burns due to take place over the next couple of days, buyers continue to be attracted to the coin.
The viral success of the Burn Kenny coin launch is perhaps a testament to the pulling power of the South Park brand, but also the clever token design and savvy marketing of the team.
Kenny is one of the lead protagonists in the South Park cartoon comedy, much loved for its irreverence and also for its running gag in which Kenny dies at the hands of 'those bastards' every episode.
Evidence of the following the coin is picking up is seen in $KENNY trending at No.1 on DEXtools, the premier site for keeping tabs on new decentralized exchange (DEX) listings.
Further buttressing the positive sentiment are alpha calls starting to come n for the coin.
Telegram-based alpha call group Crypto Whale Pumps with more than 22,200 members scored another win after tipping $KENNY to pump at launch.
In its commentary on the early price action, its analyst says there's still money to be made :
It didn't drop below presale price for 30 minutes - plenty of opportunity to take first profit or exit without loss Early sellers were shaken out while the team
Read more on cryptonews.com
