A newly launched meme coin on Ethereum-based Duck coin goes 69,781% high in the initial 24 hours of its launch and set a new record for blasting the crypto market. 

Duck, launched on July 18 successfully grabbed the attention of the investors and made people millionaires in only 6 hours of its launch. The coin launched on Dexscreener has a total circulation supply of 1.2 billion tokens.

The token started its trade with a price of $0.000000002533 per token, is currently trading at $0.000008696 per token, and has a market cap of $3.6 million.

Initially, the token gained attention due to its creation on the Ethereum blockchain and went as high as $0.0000200 per token per Dexscreener data. Besides this high gain, the coin is trading negative in an hourly graph by 6.03%, and also dropping its price in 6-hour trading by 17.46%.

Duck Creation and Toconomics Strategy

The creator of the token distributed the total supply into several segments. 41% of the tokens are for Ducktreasury, 4.5% are for market making, 25% of the tokens are for coin marketing and AirDrop purposes, and 3% of the tokens are for teams and developers. The rest, 26.5% of the coins, are in circulation and for liquidity purposes.

The token is created on the face of Duck, a famous meme coin on Telegram that will be making waves among the crypto community.

The official website also planned to launch different products and services, however, no proper information is disclosed about these services, and they also planned for duck redemption which will be available soon.

There is no other detailed information provided by the developers about the coin or other services. It is a newly launched coin, and there are chances of a scam, and the boost in the price might be created by the developer. Before investing in the asset, please do proper research, as crypto is a high-risk asset.