Popular Bitcoin OG Davinci Jeremie has caught the eye for a recent video revealing his investment in a new Solana memecoin, PONKE.
Back in 2013, when many people were still skeptical of Bitcoin, Davinci Jeremie encouraged many to get in on the cryptocurrency. One of his most viral content on YouTube includes a video posted on May 9, 2013, in which he urged his listeners to invest at least $1 in BTC.
The Bitcoin price at the time was $120, meaning investors who listened to the suggestion may have made significant gains if they obeyed the call to get exposure to BTC. At that point, though, Davinci Jeremie was already a Bitcoin OG, having adopted the cryptocurrency back in 2011, according to his X bio.
Fast forward to the present, the early Bitcoin investor has gone on the record for promoting a memecoin created on the Solana blockchain. Memecoins are cryptocurrencies created mainly for fun and culture and tend to exhibit high levels of volatility.
Davinci Jeremie Backs PONKE Memecoin, Coin Surges 100%
In a January 20, 2024 video that many may consider a reminisce of his early 2013 Bitcoin video, Jeremie recorded himself investing $100 in the PONKE memecoin. The influential figure purchased the token by exchanging $100 worth of SOL for PONKE using the popular Solana DEX Raydium.
Like I said I would buy $100 of $PONKE and here it is I have some Ponke. pic.twitter.com/UrNZePJcDd
— Davinci Jeremie (@Davincij15) January 20, 2024
The Bitcoin OG did not disclose whether he was paid to make the post about PONKE, as has been the case for some influencers in the past. However, Davinci Jeremie’s video included a customary disclaimer that investors will bear the outcome if they choose to follow his choice to buy BONKE.Â
He added that investors must not put $100 in the memecoin if that is all they have got. Notably, he also issued a similar call for Shiba Inu (SHIB) back in October.
Meanwhile, the above chart from Coingecko shows that the price of PONKE surged following the video’s release. From around $0.037, the coin rose as high as $0.097 within the next five days. The price has since dropped to around $0.08 at the time of writing.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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