The crypto space has been inundated with many new projects launched in a short period.
Some of these projects have gone on to record huge gains, while others slumped after fifteen minutes of fame.
One such project that has enjoyed brief stardom is $SLUTS. The digital asset was launched on the back of a viral tweet by social media influencer Andrew Tate.
Andrew Tate is well-known around the world as a tough-talking sportsman and entrepreneur. Despite spending some time in prison, his aura has not dissipated.
The social media influencer recently called out crypto investors, labeling them "Cryptohoes."
Unbeknownst to him, this resulted in the creation of a new cryptocurrency project called $SLUTS.
In another tweet, Tate expressed his surprise that the project was up and running in such a short period.
According to his tweet, he claims ignorance about the whole enterprise.
However, this has not changed anything about the $SLUTS token, as it has already made a CoinMarketCap listing and already grossed north of $495,000 in market valuation.
The project has little info around it, with the anonymous developers only pointing out that the original cryptocurrency of Andrew Tate is live.
While his claims of being unaware of the project's launch are being challenged, the $SLUTS token has surged 4.95% in the last day, trading at $0.05227.
In the last couple of weeks, low-valued crypto assets called shitcoins have been the buoy on which the crypto market is riding.
This follows macroeconomic events that have stunted the growth of market movers like Bitcoin and Ethereum.
Following in the footsteps of $SLUTS, the $LFG and $WAGMI are two other hot pairs that have made the shitcoin list.
These tokens have also shown remarkable growth with
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