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"Meme Coin Developers Miss $5.1M: SEEK's Launch Surprise"

Coin WorldSunday, Jan 26, 2025 11:22 pm ET

1min read

The developers of SEEK, a meme coin that gained attention in the DeepSeek trend, launched their token 22 days ago. On the day of the launch, the developer address sold 132 million tokens, earning a total of $7,459. The selling price was $0.000006896 per token. However, based on the current price, the developers missed out on a potential profit of $5.1 million.

The SEEK token, also known as SEKK, was initially launched on the Binance Smart Chain (BSC) network. The developers have since integrated the Farcaster protocol into their platform, allowing users with Farcaster accounts to log in and comment.

The on-chain data analyst @ai_9684xtpa, who first reported the launch of SEKK, has been monitoring the token's activity and has provided insights into the developers' actions. The analyst's findings have been widely shared on social media and have sparked discussions among the crypto community.

While the developers of SEEK may have missed out on a significant profit, the launch of their token has generated interest and engagement within the crypto community. As the token continues to gain attention, it will be interesting to see how the developers respond to the missed opportunity and whether they will take steps to recoup their potential losses.

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