This New South Park Meme Coin Just Raised $250,000 In 1 Hour
The meme coin market has seen a huge spike in interest over the past 24 hours, partly due to the launch of the Burn Kenny ($KENNY) token pre-sale. The token, named after the oft-condemned South Park character, has amassed more than $390,000 in investments in the first day of its pre-sale.
Burn Kenny has gained tremendous attention from investors, exceeding initial expectations. The token creators, focused on maintaining a fast pace, set a maximum pre-sale limit of $500,000. This decision is intended to speed up the debut of $KENNY on the Uniswap DEX after the pre-sale.
The $KENNY token is no stranger to success stories, having been inspired by its predecessor, the Mr. Hankey Coin ($HANKEY). The $HANKEY token found immediate support from the trading community during its pre-sale and sold out in less than 12 hours. After the launch on Uniswap, the price of $HANKEY skyrocketed and tripled in a matter of hours.
Unique Burn and Liquidity Lock Mechanism: $KENNY’s Approach to Sustainability
Burn Kenny is not only designed to attract investors’ attention, but is also structured to ensure long-term growth. The token design includes a deflationary burn mechanism set to start 24 hours after the official launch of $KENNY.
According to the $KENNY whitepaper, the burn rate is scheduled to be 10% every 24 hours until 30% of the total token supply is destroyed. This strategic burning mechanism will gradually reduce circulating supply, adding to scarcity and potentially amplifying the $KENNY price hike.
The token design also includes a generous allocation of liquidity pools, representing 40% of the total token supply. The allocation is expected to ensure price stability and smooth transactions, strengthening investor confidence.
The Burn Kenny team also committed to a three-month liquidity lock, demonstrating their belief in the token’s long-term potential. Liquidity locks help reduce the risk of early profit-taking or possible carpet pullswhich can cause a sudden crash in prices.
Burn Kenny is not only gaining traction in the financial sector, but also on social media platforms. The meme coin has received attention from crypto influencer Jacob Burywho shared his perspectives on $KENNY through his YouTube channel.