The community that is behind the meme crypto Grumpy Cat Coin, or GRUMPY, has donated 29 Ethers worth around $70,000 to the Sterling Animal Shelter in Massachusetts. A Grumpy Cat NFT fetched over $80,000. Hence, owing to the volatility of the GRUMPY price, the donated $70K is almost $10K less than estimated in their social posts.
Our very first charity drive has now ended. 150 Billion- roughly $80,000 in $Grumpy was raised to save kittens for Sterling Animal Shelter, I mean Meow! https://t.co/cTKjKPwrrT $link $bnb $shib $sxp $xrp $doge $rfiii $feg $hoge $bunny $eth $bao $scat $pika$poodl $chow $kangal pic.twitter.com/mm87EAHmAQ
— Grumpy Cat 🐈 (@GrumpyCatToken) March 17, 2021
This meme coin is based on Tardar Sauce, the internet celebrity cat that is famous for her perpetual grumpy appearance. On the project’s site grumpy.finance, the developers say that their focus is on:
“making successful efforts for all of our community members as well as the world by giving back.”
The coin was listed on Uniswap earlier this month, and $GRUMPY was published on CoinGecko on March 16. Its price exploded by 1000% taking its market cap from $5 million to $50 million and had a trading volume of over $18 million on March 17.
Today, the price sits at $0.00000050, down 30% $0.00000074 from its all-time high recorded two days ago. That may not appear to be a high price. However, the total supply is 1,000 billion with a circulating supply of 450 billion.
$GRUMPY holders can earn rewards from the 1% fee that is charged on all transactions that is instantly re-distributed to all the holders of the coin. The crypto’s charity work is majorly focused on helping animal shelters with their donation to the Sterling Animal shelter being its first fundraiser so far.
Grumpy Cat is not just a crypto. She was also turned into an NFT earlier this month. The self-described “Worst NFT Ever” depicts a photo of Tardar Sauce and it fetched 44 ETH worth about $78, 000 on NFT marketplace Foundation on March 13.
— slaterfilmz (@slaterwolfcale) March 16, 2021
Notably, this community-driven project has similar characteristics and elements to those of the Dogecoin (DOGE) community that launched the Dogecoin Foundation charity in 2014.
Dogecoin is potentially starting to shake the perception and notion of being just a meme-coin since it has gained some serious momentum since Mark Cuban and Elon Musk started endorsing it publicly. Mark Cuban’s Dallas Mavericks now accept DOGE as payment for tickets and merchandise, while also projecting a $1 price range in the future.