Elizabeth Warren may not be a name familiar to crypto enthusiasts or the ever-growing NFT art world, but she is about to become a household name. That’s because the one-week-old crypto project known as Senator Karen Coin is alive and well.
What’s the goal of the project, you ask?
It’s to immortalize politicians and celebrities on the blockchain through NFT art work, but not for the most flattering reason. Senator Karen Coin wants to highlight only those who speak out against blockchain technology and cryptocurrency, masquerading the fact that what they really want to do is protect their old-world comrades working in traditional finance.
Why is Senator Karen Coin necessary? And why is the representative of Massachusetts, Ms. Warren, the first to be immortalized?
Glad you asked.
Senator Karen Coin lives on the Ethereum blockchain. It’s both a crypto with a purpose and a meme coin rolled in one. The token supply of $KAREN is over 6.942 billion and the cost per token at the present moment is $0.00015997. That’s a very meme-friendly price for those looking to put anti-crypto politicians and celebrities on notice.
The project wants to support the crypto community by challenging those that oppose it directly. Senator Warren undoubtedly has her own following as a key political figure in the United States and if the crypto world can challenge her opinions on DeFi (that it’s the most dangerous part of the crypto world), perhaps the crypto community as a whole can be the change it wishes to see.
The project itself is raising money to create these NFTs, challenge the anti-crypto movement, and ultimately grow its community, but the coolest part of this project is actually its origin story.
Elon Musk is having a big year by anyone’s measure. His 2021 highlights include taking Tesla to new heights, holding Bitcoin in its treasury, becoming the unofficial DogeFather of Dogecoin, and being named Person of the Year by Time Magazine and The Financial Times. To say the least, people in both the business world and the crypto world either anoint him a genius or express how much they dislike him.
Senator Warren clearly dislikes him.
She called him out on Twitter recently while criticizing America’s tax system, stating: “Let’s change the rigged tax code so the Person of the Year will actually pay taxes and stop freeloading off of everyone else.”
Musk wasted no time responding with a series of tweets, accurately pointing out that in 2021, he will pay more in taxes than any American has ever paid before. Musk ended his series of responses with quite a punchline:
“Please don’t call the manager on me, Senator Karen.”
That’s all it took. Senator Karen Coin is now a living, breathing project.
In less than 24 hours, Senator Karen Coin amassed a market capitalization of over $900,000. In the last 24 hours, it has seen over $374,000 in volume pass through its contract address. The project is clearly off to a flying start, and the goal is much bigger than just making a bunch of money.
That said, there will almost certainly be an opportunity to ape in and cash in too. The project is minting Senator Warren’s NFT first any day now. She’s undoubtedly going to be the poster child for the many more doubters and detractors that are immortalized by the project going forward.
Yes, Senator Karen Coin is going to benefit from “memeification”, but it has the potential to garner historical NFT status as the founders work to change the public perception of some of the most influential people in politics. One immutable and immortalized NFT at a time.
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