By Nermeen Nabil Khear TLDR
- Former 8chan administrator Ronald Watkins launched a memecoin on pump.fun, initially investing $1,000 in borrowed Solana that grew to $100,000
- 8chan token has a current market cap of $2.6 million, with Watkins setting a goal of reaching $500 million to match what he believes is Vine’s market cap (though actual Vine token cap is $67 million)
- The token promises three milestones: rebranding 8kun back to 8chan at $10M, creating Project Odin decentralized message board at $100M, and revealing a “mysterious figure” at $500M
- There are one billion 8chan tokens in total according to Coin Market Cap
- 8chan was previously banned by service providers like Cloudflare for hosting illegal content and manifestos linked to mass murders, before rebranding to 8kun
Ronald Watkins, the former administrator of controversial message board 8chan, has entered the cryptocurrency market with the launch of a new memecoin on the pump.fun platform. The token, which currently holds a market capitalization of $2.6 million, was created with an initial investment of $1,000 in borrowed Solana.
Watkins, who goes by the online name “CodeMonkeyZ,” managed 8chan for approximately four years until 2020. The site, which has since rebranded to “8kun,” faced numerous controversies during its operation, leading to its removal from several service providers including Cloudflare.
For many years, 8chan was one of the main driving forces behind memes and global politics.
We were able to do the unthinkable.
As time went on, numerous governments began to fear us and they worked together with USAID to take down 8chan.
Now with President Trump’s second term we… pic.twitter.com/rTrL0Pzdpt— Ron (@CodeMonkeyZ) February 11, 2025
The launch of the 8chan token follows what Watkins describes as inspiration from Donald Trump’s recent memecoin release. “I saw Trump had recently released a memecoin, so I looked up how he did it,” Watkins explained in his announcement. His borrowed funds quickly multiplied, turning the initial $1,000 investment into what he claims became $100,000.
The token’s structure includes a total supply of one billion coins, according to data from Coin Market Cap. Watkins has outlined three main milestones for the project, each tied to specific market capitalization targets.
At the first milestone of $10 million market cap, Watkins promises to rebrand the current 8kun platform back to its original name, 8chan. The second milestone, set at $100 million, involves the creation of Project Odin, which is described as a decentralized censorship-resistant message board.
The final milestone, targeted at $500 million market capitalization, includes the revelation of what Watkins terms a “mysterious figure.” This goal was set based on what Watkins believed to be Vine token’s market value, though current market data shows Vine’s actual capitalization at approximately $67 million.
Prior to this venture, Watkins claims involvement in another cryptocurrency project. In 2017, he says he created Susucoin, a proof-of-work cryptocurrency aimed at securing free speech. However, this earlier project failed to gain widespread adoption, and verification of Watkins’ role in its creation remains unclear.
8chan Token
The development of the 8chan token involved collaboration with an advisor using the pseudonym “JFK Jr,” according to Watkins. Together, they formulated the launch strategy on pump.fun, where the token currently trades.
Project Odin, mentioned in the token’s roadmap, shares its name with an existing website development training program that serves over 1.5 million users. Watkins plans to adapt this branding for his proposed message board platform.
In discussing market comparisons, Watkins drew parallels between 8chan and Vine in terms of their “nostalgia factor.” However, his assessment of Vine’s market capitalization appears to be inaccurate, as current data shows it substantially below his stated figure.
The token’s website provides limited technical details about the project. The primary focus appears to be on the three milestone targets and their associated rewards for the community.
Watkins maintains optimistic views about 8chan’s historical role, stating, “I am very proud of how 8chan has helped fuel President Trump’s political success over the years.” He expressed hope for the platform’s continued influence.
The current market status shows the 8chan token maintaining its $2.6 million capitalization on pump.fun, representing the early stages of Watkins’ ambitious roadmap.
Multiple service providers, both domestic and international, reportedly host the rebranded 8kun platform. Watkins, though resigned from his administrator position, appears to maintain some involvement in its operations.
The token’s launch marks another entry in the growing memecoin market, with its success yet to be determined as it works toward its stated milestones.
The post 8chan Memecoin Debuts with Billion Token Supply and Platform Rebranding Goals appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.