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Experts predict that a new meme coin could quickly surge 10x post-launch after it starts to burn 30% of its token supply over the next three days.
Burn Kenny ($KENNY) had an immensely hyped presale, causing its entire allocation to sell out in under 48 hours as degen investors rushed to get positioned ahead of the herd as they believe 10x returns are guaranteed.
With the token set to hit DEXs today – Monday, 24th July at 18:000 CET – experts believe this will be the hottest-trending meme coin this week.
Burn Kenny Presale Sells Out in 48 Hours With Launch Scheduled for Monday, 24 July, 18:00 CET
The presale for Burn Kenny sold out in under 48 hours as investors quickly rushed to buy $KENNY at the presale price of $0.0001875.
The presale raised a total of $500,000 at an astonishing speed, displaying the incredible level of hype and FOMO behind this project.
The hype and FOMO are expected to carry over to the launch, as investors eagerly anticipate the release of $KENNY on Decentralized Exchanges like Uniswap later today.
PRESALE HAS BEEN FILLED.
We will be unlocking trading on Dex.
⏰ Monday 24 July 1800 CET (6pm Central Europe, 12pm EST, 9am PST)
🔥You can’t claim presale tokens or trade $Kenny until we are LIVE 🔥 pic.twitter.com/TrxljVZQ0O
— Burn Kenny (@BurnKennyCoin) July 22, 2023
Burn Kenny is based on the beloved Kenny character from South Park, who has seen more death scenes on the show than episodes in the franchise.
The project continues the theme of “OH MY GOD, YOU KILLED KENNY” through an intuitive burning mechanism that has investors extremely optimistic about its growth potential throughout the week.
The burning mechanism, slated to get started tonight, will see 30% of the total circulating supply burnt, which could result in millions of dollars after the token surges.
Just like Kenny was able to resurrect himself in each South Park episode, the $KENNY burning mechanism is expected to help to resurrect portfolios.
Experts Predict $KENNY Will 10x After Token Listing Later Today – Here’s Why
The project is generating headlines across the industry as it’s expected to be the hottest-trending token this week. Besides the unique theme behind the meme coin, here’s why experts believe more than 10x returns are on the table for investors that manage to get in early.
Limited Presale With Low Starting Market Cap and Unique Tokenomics
The first reason that experts believe 10x returns are on the table is due to the fact that the presale was highly secretive, with limited spots available.
The presale only allowed $500,000 fundraising, causing it to sell out in under 48 hours.
With 40% of the tokens sold in the presale, the starting market cap of the project will be $1.25 million – leaving incredible growth room to surge higher.
For example, the project would only need to reach a $12.5 million market cap to provide early buyers with 10x returns – something that most other meme coins achieve without the marketing push that $KENNY has behind it.
In addition, the remainder of the 6,666,666,666 $KENNY supply is dedicated to helping the community – making the project entirely community driven.
For example, 30% of the total supply will be instantly locked in the liquidity pool by Team Finance, preventing any rug-pull potential for the project.
Although uncommon in meme coin projects, liquidity locks prevent teams from being able to remove the funds from the trading pool and dump the market.
This creates a safe trading environment for everybody invested in the project.
Token Burn Set to Remove 30% of the Supply
In addition, experts believe that the unique token burn mechanism for $KENNY will help to make the token more scarce and push its value much higher.
Besides increasing the token’s value, burns also help improve a project’s long-term health.
Token burns have helped projects achieve exceptional heights in the past, with heavyweight projects like Binance Coin ($BNB) being one of the stand-out coins to do a wide-scale token burn and reach the top-5 ranked projects in the industry.
$KENNY intends to follow in similar footsteps by burning 30% of its total supply, meaning around 2 billion $KENNY will be burnt.
Its intuitive and effective burning mechanism closely ties into the token’s overarching theme of “Killing Kenny.”
The team behind Burn Kenny will be burning 10% of its total supply each day for the first three days after its DEX launch later today.
This means that 30% of the supply will be burnt during the burning period – removing the tokens from circulation.
The burn is expected to cause a new wave of FOMO into the token as investors will likely want to get positioned to ride the wave and should incentivize long-term holding.
Highly Experienced Marketing Team Have Already Provided 100x Returns for Investors.
The final reason that experts believe $KENNY can provide at least 10x returns for traders that get positioned early is due to the experience of the marketing team driving the project.
Rumors are circulating that the team that produced 100x returns for $SPONGE are the same guys behind $KENNY.
In addition, the team also recently helped to market $THUG and $HANKEY (another South Park meme derivative), which both produced 3x returns.
However, $THUG and $HANKEY didn’t have nearly as much hype nor the effective burning mechanism that will help drive the value of $KENNY higher.
The marketing team has already started to produce a wave of promotional efforts, having Burn Kenny featured across dozens of the industry’s most reputable news outlets, such as CryptoPotato, Cryptonews, Finbold, and Cointelegraph.
Lots of news happening around #BurnKennyToken and new articles releasing on the daily
We are only on day 1 of the presale, so the show is just getting started!
Lets send $Kenny the way he deserves… #BurnKenny #Presale #PreSaleLive #Ethereum #Memecoin #altcoin #ETH pic.twitter.com/22fAQRl2Kx
— Burn Kenny (@BurnKennyCoin) July 21, 2023
In addition to this, the project has also been put in front of the eyes of millions of traders across the industry after being featured on DexScreener, one of the most popular trading platforms in the meme coin space;
Nice banner ad $Kenny .. Did anyone else peek this yet?
Within the next 48 hours you will begin to see #BurnKennyToken everywhere in the #Web3 space, mark our words!
Get ready for the #BurnKenny takeover 🔥#Blockchain #Ethereum #Crypto #Trader #ERC20 #memecoin pic.twitter.com/9kSB2EWGrp
— Burn Kenny (@BurnKennyCoin) July 22, 2023
It doesn’t stop there; Burn Kenny has also been featured on the main page of CoinGecko, putting it in front of millions of eyes in the mainstream circuit who visit the index site on a daily basis;
🔥Mmmph Mmmph🔥
That’s $Kenny for look at our advertising on #CoinGecko
Not bad #BurnKennyToken not bad..
Presale is still going strong, but is filling up fast.
65% sold out and everyone knows the last 100k goes quick 🔥 pic.twitter.com/lYsgKo87sD
— Burn Kenny (@BurnKennyCoin) July 20, 2023
With such an extensive marketing campaign already in place, Burn Kenny has undoubtedly set the foundation for a highly explosive week ahead of itself.
FOMO Continues to Build for $KENNY
In addition, there are dozens of high-profile crypto influencers that have been promoting the coin on the crypto social media circuit, including @alqsyy, who has over 140,000 followers;
$KENNY presale starts today!
LP locked from launch. Fair pool with 100k+ starting LP.
Unique Burn Mechanics.
Web 2 & Web 3 Marketing.
Experienced Team. Based Devs.
A lot of big names behind this token.
You don’t want to miss this one!
Get your presale today on… pic.twitter.com/PJE7wWMxsM
— alqsy 🌟 (@alqsyy) July 20, 2023
The project has also been featured in major caller groups, which help investors spot crypto gems before they skyrocket.
For example, $KENNY has already been spotted by Crypto Whale Pumps – a group with over 25,000 degens;
In addition, popular YouTube analysts like Jacob Bury recently uploaded a video where he believes that $KENNY is this week’s next 10x meme coin to get positioned into;
Launch Scheduled for X – Make Sure You Arrive Early to Ride the 10x Wave
With the launch for $KENNY on Decentralized exchanges just a few hours away, the FOMO is only continuing to build for the project.
Experts and traders increasingly believe that $KENNY will be the hottest meme coin to get positioned in this week and will instantly start to trade on platforms like DexTools.
The project already has over 2,800 followers on its Twitter profile and almost 1,500 members in its Telegram group.
With the meme coin market always moving at lightning speed, traders will need to be speedy to get invested in the token in the first few hours of trading to take advantage of the 10x wave higher.
Traders that want to ride the majority of the wave will need to be at their trading terminals ready to smash the buy button as soon as $KENNY starts to trade on Uniswap.
Remember, the launch is scheduled for later today – Monday, July 24th, 2023 – at 18:000 CET.
If you’re one of the lucky few traders to be able to get positioned early, you have an exciting week ahead of you that could provide an easy 10x return later in the week after the burning mechanism is complete.
Trade Burn Kenny ($KENNY) Today
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
