Polkadot community set to launch first meme coin DED on the network

The final quarter of 2023 led to a major crypto market rally that sent numerous cryptocurrencies, major – like Bitcoin (BTC) and Ethereum (ETH) – and altcoins and meme coins surging.

So far, Bonk (BONK) – a meme coin based on the Solana (SOL) blockchain – has perhaps been the biggest winner, surging more than 10,000% in just over a year. Pepe (PEPE), a cryptocurrency launched in the spring of 2023, also left its mark as it enabled at least one trader to turn several hundreds of dollars into more than a million.

The current thawing in the market is now set to bring about the launch of a brand new meme coin – DED. The new meme coin is currently in the works on the Polkadot (DOT) blockchain.

DED is being developed by a dedicated group, per the latest information shared with Finbold on January 4, and, according to several polls conducted on X, it already has extensive community support.