This article is about what is Talking Ben crypto coin. The craze for memecoins and the NFT market drove some coin values to new heights, outperforming even well-established names. Talking Ben coin is one of them.
What is Talking Ben Crypto Coin?
Talking Ben Coin (BEN) is based on the Binance Smart Chain (BSC) platform and serves as the native token for the Talking Ben payment platform. The founders intend to enter the NFT market and explore the DAO (Decentralized Autonomous Organization) space. Many new coins follow this route for quick exposure and listings on key crypto trading platforms, taking inspiration from the success of coins like Shiba Inu.
The Talking Ben platform claims to be community-focused, providing rewards to BEN holders. However, the exact nature of these rewards remains unclear as the platform is still in its early stages and generating revenue will take time.
Currently, there are 100 trillion BEN tokens in supply, and PancakeSwap offers a 10% transaction fee on all BEN trades.
Ben 'Bitboy' Armstrong Shills BEN
A newly created token, BEN, gained significant traction on Crypto Twitter when YouTuber Ben "Bitboy" Armstrong mentioned his involvement. On May 6th, Twitter user ben.eth shared the token's contract address and trading chart against Wrapped Ether (WETH), along with a Telegram group.
BEN's price experienced extreme volatility on Monday. It surged 300% in the morning but dropped 200% a few hours later, according to CoinMarketCap. The token appears to be trading on Uniswap with approximately $2 million in liquidity.
The token's popularity prompted crypto influencer Ben Armstrong (BitBoy Crypto) to tweet about it, expressing excitement that "Bens" can invest in themselves. Armstrong clarified that he did not create the token; the credit goes to ben.eth on Twitter, who initiated the project within a Telegram group consisting of individuals named Ben, including respected figures like Ben Goertzel and Ben Lakeoff.
Despite ongoing legal battles related to allegedly promoting crypto exchange FTX, Armstrong remains active on social media and joined the team behind BEN.
CoinMarketCap initially displayed BEN's market capitalization at $16.5 million with a disclaimer of being unverified. However, the site stopped showing the market cap later on. At the time of writing, the token's 24-hour trading volume has surpassed $47 million.
BEN is part of the recent trend of meme coins, with PEPE coin leading the way by surpassing a $1 billion market cap after Binance added it to its innovation zone. These meme coins come with a disclaimer, cautioning traders that they could potentially lose significant funds by betting on memes and taking personal responsibility for their choices.
Bottom Line
In this article, we have discussed what is Talking Ben crypto coin. Please note that cryptocurrency markets are highly volatile, and investments are subject to risks.
