NOIDA (CoinChapter.com) — Elon Musk is known for supporting memecoins like Dogecoin (DOGE), while being a very vocal champion of crypto projects. Users have started creating new tokens inspired by the Tesla and SpaceX chief’s X posts, with one such project being SOHOT RN.
The team behind SOHOTRN states on its website that a tweet by Elon Musk inspired the project.
Musk’s post had a naked woman sitting in a sexually suggestive position on top of a man. However, the man watches Argentinian president Javier Milei speak during the World Economic Forum in Davos. The Tesla Chief wrote, “So hot rn” in the post, a play on the image and his reaction to Milei’s speech.
In his speech, Milei urged business and political leaders to reject socialism and embrace free enterprise capitalism to end global poverty.
Interestingly, Musk’s reaction to the speech resulted in the birth of the SOHOT RN crypto project, which sells images of models as NFTs.
SOHOTRN Price Spikes On Listing and Shilling
The native token of the project, SOHOT, spiked to a new all-time high on Feb. 5, spiking 181% since Feb. 4 to reach a daily high near $0.0015.
Overall, the SOHOT token price is up nearly 56% from its launch price of nearly $0.000963. One of the factors helping the memecoin‘s price rally is the token listing on the crypto exchange BitMart on Feb. 1.
Furthermore, the project has a strong shilling campaign, with posts from OnlyFans models like Daniela Andrea promoting the SOHOT token as the next big thing.
Moreover, SOHOT RN’s social media team also has an aggressive shilling campaign, hailing the project as a “fusion of fashion and finance.”
The project’s promotional campaign has labeled SOHOT RN as the “evolution” of NFTs, claiming that the platform is not just an NFT marketplace but a “canvas for models to become iconic digital masterpieces.“
Considering that most models have their own OnlyFans pages and Instagram profiles, it will be interesting to see who buys NFTs of provocatively dressed models they already follow on OnlyFans.
Furthermore, despite its aggressive marketing campaign, SOHOT RN has only attracted about 1,270 followers on X.
What Is SOHOT RN?
The crypto project SOHOTRN draws inspiration from an Elon Musk tweet, just like so many other illegitimate crypto children of the tech mogul.
It aims to present a “unique” ecosystem that merges the realms of cryptocurrency with the impact of social media. The project also has a staking system that allows token holders to earn rewards by locking in their tokens, and it also embraces the NFT space by offering an exclusive marketplace for models.
The native token SOHOT has a supply of 1 billion units, with a fully renounced ownership and an 80% circulating supply.
