According to market data from GMGN, ZC (zipcoin), a meme coin on the Ethereum ecosystem, briefly pushed its market capitalization above $14 million after rising more than 21x within the day. The token was later quoted at $10.07 million in market cap.
The narrative around ZC comes from Snowmoon, a 32-chapter novel recently completed by Vitalik. In the book, the fictional country of Veridia uses zipcoin as its currency. The setting also includes several built-in mechanisms tied to the token, including anonymous payments, publishing high-value information by burning tokens, high-cost signaling through a mechanism called Doorstep Burn, and automated taxation.
Odaily said meme coins can see sharp price swings and are easily influenced by market sentiment and event-driven hype, adding a reminder for readers to pay attention to trading risks. The outlet also pointed readers to the full version of Vitalik’s open-source sci-fi novel Snowmoon.
Odaily said that, based on GMGN market data, the ETH meme coin ZC (zipcoin) briefly pushed its market capitalization past $14 million after jumping more than 21x in a single day. Later, it was quoted at $10.07 million.
ZC story comes from Vitalik's novel Snowmoon
ZC (zipcoin) gets its story from Snowmoon, a 32-chapter novel that Vitalik recently finished. In the book, the fictional country of Veridia uses zipcoin as its currency. And the story lays out things like anonymous payments, publishing high-value information by burning tokens, expensive signaling through a system called Doorstep Burn, and automated taxation.
Odaily also said meme coins can swing hard and are easily moved by market mood and hot-topic events, and it reminded readers to watch out for trading risks.
Recommended reading: the full version of Vitalik's first open-source sci-fi novel, Snowmoon.
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