A new BRC-20 token has emerged as a possible marker of Bitcoin summer, following the recent downturn in the cryptocurrency market. BRC-20 tokens have become a “token standard” on the Bitcoin network that allow the creation of cryptocurrencies like Dogecoin with information about an entire collection of tokens under the same network. This new token, called $GRUM, features the face of a recognizable agitated cat and has already minted over 50% of its 21 billion supply. $GRUM’s swift ascent and rapidly expanding community could make it a new favorite, and could force the dogs and frogs of Ethereum to take a back seat. Its success reflects its “fair launch process,” wherein anyone could mint up to one million $GRUM, ensuring a level playing field for all investors. The convergence of BRC-20 tokens and the meme coin revolution on Bitcoin has opened up exciting new possibilities in the crypto space. This Bitcoin token seems to have the memetic power to draw huge attention, and just like Dogecoin, $GRUM could mark the start of more bullish times for cryptocurrencies. However, individuals should note that this article is for illustrative purposes only and should not be considered as financial advice.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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