A new memecoin named Daddy Powell (DADDPOWE), based on Solana and named after Federal Reserve Chairman Jerome Powell, was launched today. It’s expected to increase in price by more than 14,000% in the coming days.
Daddy Powell Launch and Prospects
The Daddy Powell memecoin was launched today with over $3,000 in liquidity, giving it a unique advantage over most other new memecoins. According to reports, DADDPOWE will soon be listed on numerous crypto exchanges, giving it exposure to millions of additional investors who are expected to pour funds into the coin and drive up its price. Currently, Daddy Powell can only be purchased through Solana decentralized exchanges like Jup.ag and Raydium.io.
How to Buy
To buy Daddy Powell on Raydium.io or Jup.ag, users need to connect their Solflare, MetaMask, or Phantom wallet and swap Solana for Daddy Powell by entering its contract address – 2XidSrhJDwhfyrW19V1owYU8fyThngbroz8ZURxYp6i1 – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet and transfer some Solana to it from an exchange like Coinbase or Binance.
Comparison with Other Memecoins
Early investors in memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE) saw astronomical returns, and Daddy Powell could become the next viral memecoin. In recent weeks, larger memecoins like SHIB, DOGE, and DogWifHat (WIF) have traded sideways and lost momentum, leading many of their investors to instead invest in new Solana-based memecoins like DADDPOWE.
Despite having no utility or inherent value, investors looking for high gains have been investing in such memecoins due to their potential to rapidly rise in price.
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