Colossal Biosciences has announced the successful revival of dire wolves that went extinct 12,500 years ago. Following this, the crypto community saw the rise of the $REMUS meme coin.
Reviving Dire Wolves
Colossal Biosciences, based in Dallas, reported that the dire wolves Remus and Romulus have been successfully revived using ancient DNA, cloning, and gene editing technologies. The species is considered the world's first successfully de-extinct animal.
$REMUS Meme Coin and Its Meteoric Rise
Since its creation, the Remus meme coin associated with the dire wolves has seen a staggering 5,500% increase in value. It recorded a trading volume of $39.58 million within 24 hours, with a market capitalization hitting $8.9 million.
The Risks of the Meme Coin Market
Despite the successful launch, marketers caution about potential pump-and-dump schemes. The $REMUS coin has already dropped by 32.89% from its all-time high, while other coins like Romulus and Khaleesi experienced significant price jumps.
The revival of an extinct species and the rise of the $REMUS meme coin have garnered attention in the crypto world, with the importance of understanding associated risks remaining critical.
