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The El Hippo meme coin has seen a flurry of activity over the past week, reaching new prices and on-chain activity and gaining a major centralized exchange listing.
HIPP holders are now up 65% on the month, with the token very near its all-time high, thanks to a large increase in trading volume and social media presence stimulated by ongoing community rewards and a new token listing on Bitget.
What is El Hippo?
El Hippo is a hippo-themed meme coin that has exploded onto the scene since launching in August. Now boasting over 10k holders and over 100k followers on social media, El Hippo has focused on meme contests and community activity as a way to help grow the overall project.
Regular airdrops and fan content has helped the project reach a $6.2 million market cap, with the price now trending firmly upwards following sideways activity for the final weeks of October.
By focusing on rewarding fun-loving meme creators as a way of growing, El Hippo brings to mind the early days of the SHIB and PEPE meme coin projects, leading many to speculate on what the future holds for this up-and-coming project.
Monthly High in Price After Bitget Listing
HIPP reached a monthly high of $0.000000008708 after the announced listing and is now up 65% on the month with a 365% increase in trading volume.
The team has been teasing listing announcements since September and delivered on the promise to get a major listing on November 21. Users can now win HIPP and merch for depositing HIPP tokens on Bitget as part of the first of many promotions planned over the next two weeks surrounding the listing.
The project will also launch a new Zealy campaign to issue further rewards to its holders with a prize pool of $1,400 among 60 winners.
According to the team, the Bitget listing is just the beginning of a series of exchange listings, partnerships, and influencer relationships that the team is working on, with a large portion of the HIPP token supply dedicated to this kind of ecosystem growth.
Giveaway Details
As well as a Zealy campaign, which runs every two weeks, the first 300 users to net deposit $50 worth of HIPP to Bitget will receive $20, and the rest 700 will receive $10 in HIPP. Additionally, 50 random participants will get HIPP x Bitget t-shirts. This is valid from November 21 – 28 and applies to net deposits (depositing $50 more HIPP than was withdrawn for that time period).
The 50 users with the largest deposits will receive an El Hippo x Bitget t-shirt.
Known for its deep pockets, El Hippo has spent tens of thousands of dollars in airdrops since August, with many more major giveaways planned in the coming weeks and months. By rewarding the community and making HIPP more accessible with centralized exchange listings, the project may see increased interest from the crypto community in general.
Holding Meme Coins
Meme coins, and particularly small cap coins, are typically viewed as high risk, high reward. Investors could view El Hippo as quite a promising moonshot coin thanks to the major surge in volume and social media sentiment recently, although it is important, as always, that people do their own research and never invest more than they can afford to lose.
For More Information on El Hippo: El Hippo Website | Buy HIPP| El Hippo Community
Disclaimer
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