After Yam had a downfall last week, another meme token in the yield-farming craze popped up: Spaghetti money with its native PASTA token and a total value locked of $203 million dollars just 10 hours after its launch.
Pasta token itself doesn’t have a value even though it’s deflationary as it doesn’t have a governance.
Moreover, some of the staking code for Spaghetti ?? has been copied from Yam’s.
I think this is another Yam that will burn away.
In 24 hours, its value flopped 69% from $4.27 to $1.2.
Oh boy.
Today is the 19th of August 2020, and I’m having a good belly laugh from all these meme tokens.
Why are there even people staking their money for digital tokens that have not been audited?
I guess the Crypto Fear and Greed index will explain it.
What’s going to come next?
Maybe we’ll have broccoli token coming up.
It’s not impossible when there are already TACO tokens and Shrimps out there.
Subscribe to my Telegram channel for self-care posts and illustrations.
Or read my blog and tip me in BAT as a content creator. You need BRAVE browser to do so.
Get Brave now. Better than Google Chrome or Safari by 1000%.
