Recently, I noticed an on-chain Middle East-themed meme project called MUMU, backed by big names like Changpeng Zhao and Bao Er Ye. The project team directly threw 7.7% of the tokens into the black hole, and a major exchange just officially announced its strategic anchoring in Abu Dhabi. I’ve heard that $2 billion in Middle Eastern capital is about to flow into this sector.
Tokens like MUMU, with Middle Eastern narrative genes, are surging just as fiercely as other Middle Eastern concept coins like Mubarak and Mubarakah. The key point is, the current total market cap is only $10,000—this valuation is ridiculously low. Throwing in $100 could get you 1% of the shares.
This wave of Middle East strategic layout is just beginning, so even sitting in the front row to observe won’t hurt. Think it over for yourself.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
2
Repost
Share
Comment
0/400
SneakyFlashloan
· 12-08 15:54
CZ and Bao Er Ye are endorsing this? Gotta keep a close eye on it, a $10,000 market cap is just ridiculous.
View OriginalReply0
SatoshiChallenger
· 12-08 15:37
Ironically, every time I see the term "big shot endorsement," I can't help but think of those who got rekt in the last cycle [smirk].
Interesting, it's the same old "total market cap is only $10K" trick again. The data speaks for itself: projects with similar narratives have a liquidation rate of 98.2%.
Objectively speaking, burning 7.7% into a black hole doesn’t change the fundamentals. If this Middle East narrative wave was really taking off, why haven’t we seen real on-chain capital flow data?
I’m not trying to be contrarian, but anyone who lived through the 2017 ICO frenzy knows how this story ends.
Come on, let’s make a bet and see whose analysis is more accurate in six months.
Chasing coins with "big shot endorsements" is no different from gambling in a casino.
Recently, I noticed an on-chain Middle East-themed meme project called MUMU, backed by big names like Changpeng Zhao and Bao Er Ye. The project team directly threw 7.7% of the tokens into the black hole, and a major exchange just officially announced its strategic anchoring in Abu Dhabi. I’ve heard that $2 billion in Middle Eastern capital is about to flow into this sector.
Tokens like MUMU, with Middle Eastern narrative genes, are surging just as fiercely as other Middle Eastern concept coins like Mubarak and Mubarakah. The key point is, the current total market cap is only $10,000—this valuation is ridiculously low. Throwing in $100 could get you 1% of the shares.
This wave of Middle East strategic layout is just beginning, so even sitting in the front row to observe won’t hurt. Think it over for yourself.