A joke coin that can be exchanged for a pair of socks for a long time seems to have gotten out of control and the price has risen to$92500. Unisocks (SOCKS), issued by the Uniswap exchange. 500 pairs of digital socks have a capitalization of $20 million. Only 500 coins (500 pairs of socks) were issued in 2019, and their price was only $ 12 per pair.
In the future, the growth in the value of Ethereum and the limited supply of SOCKS pushed the price up — to date, there are only 315 pairs of such socks left.
According to CoinGecko, over the past 30 days, SOCKS has risen in price seven times, with an increase over the past seven days of 125.3%.
Tokens can be returned to the pool at any time. Each token entitles you to one pair of socks-it is delivered all over the world. Redeemed tokens are withdrawn from circulation.
