Memecoins are all the rage on Solana, with DIKEC, named after the Turkish silver medal-winning shooter, among the latest to surface.
Memecoins and the Olympics
Memecoins in the Olympic Spotlight
If memecoins were an Olympic sport, Solana users would take the gold. The 2024 Summer Olympics in Paris have inspired several athletes’ names to become tokens traded on the open market. Turkish shooter Yusuf Dikec earned a silver medal and quickly became a viral sensation for his casual demeanor. This led to the creation of 12 different DIKEC tokens on Dexscreener.
The Rise of DIKEC and Other Athlete Tokens
DIKEC Token Popularity
Described as a “cool Turkish hitman,” DIKEC tokens have market capitalizations ranging from a few thousand dollars to $393,000. The most enduring DIKEC token now trades at $0.0002, after peaking at $0.0008. South Korean shooter Kim Ye-Ji also inspired the creation of the YEJI token.
Olympics-Themed Tokens
Even the word “Olympics” has been tokenized. Bolympics, or the Book of Olympics, soared to a $600 million market cap within hours. Other tokens like Crime Olympics (TERROR) also emerged. Unfortunately, some athletes have inspired controversial tokens. Italian boxer Angela Carini, who lost to Algerian transgender boxer Imane Khelif, became the subject of several tokens. One such token had a $1.5 million 24-hour volume and a $111,000 market cap, while the “IStandWithAngelaCarini” token had a $45,000 market cap and $521,000 24-hour volume.
The Future of Olympic Memecoins
Anticipation for New Tokens
With 11 days left in the Olympics, spectators and traders alike are eager to see who will make their way to the podium. New athlete-inspired memecoins are sure to appear on Solana DEX trackers, keeping the excitement high.
