Crypto podcaster Cobie burns 60% of SOL meme ‘UPONLY’
“See you in hell,” crypto influencer and investor Cobie replied to a consumer selling the Solana Pump.enjoyable meme coin styled after his UpOnly podcast.
Jordan Fish, identified extra popularly as Cobie, burned 60% of the provision of a Solana (SOL) meme coin issued through Pump.enjoyable on Friday, Nov. 8, after receiving the tokens as a present. The token, dubbed “UPONLY,” shares a reputation with Cobie’s former crypto present, and an unknown developer despatched 600 million cash to the dealer. Nonetheless, Fish said that he’s not concerned with the meme token.
At first, Cobie tweeted a screenshot of a swap from UPONLY cash to dog-theme meme token Dogwifhat (WIF). The dealer shared one other image of what appeared like a burn transaction with the caption – “This was ‘price’ $17 million once I burned it lol.”
Burning in crypto means tokens are ceaselessly destroyed and faraway from the circulating provide.
Solana’s blockchain explorer Solscan confirmed that UPONLY’s provide was readjusted to 400 million, indicating that Fish had certainly burned 600 million of the tokens. In response to DEX Screener, UPONLY briefly spiked to a $45 million market cap earlier than falling to a $4.3 million valuation after Cobie’s burn.
UpOnly was a podcast sponsored by the now-defunct crypto trade FTX. Cobie co-hosted the present with Brian Krogsgard, identified by the moniker Ledger. Since FTX’s collapse in late 2022, each hosts have discontinued this system and shifted to different crypto ventures.
Fish, specifically, was reportedly engaged on Echo, a collaborative crypto angel investor startup. Krogsgard’s actions have largely remained unknown.
