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The Rise of Banana Tape Wall: How Drake’s NOCTA Brand Fueled a Cryptocurrency Frenzy
The SOCA meme coin, known as Banana Tape Wall, has been attributed to rapper Drake’s clothing brand NOCTA, which has caused a cryptocurrency-fueled frenzy. A shoe affixed to drywall with gray duct tape appears in the commercial video, which suggests that NOCTA may have some connection to the cryptocurrency.
With a staggering $18 million in peak market cap, the coin has become one of the most popular meme coins in crypto. When NOCTA’s ed drops, Crypto Twitter immediately took notice of its similarity with BTW and became increasingly unpopular as evidenced by the mysterious shoe being seen on drywall overnight (via Rotten Tomatoes).
Many speculated that the Drake brand was deliberately using the shoe to support the meme coin at this time. With the news of the connection spreading, BTW’s market cap saw a 38.25% increase to $9.51 million in just 1.5 hours, making it one of its most significant crypto performances today.
Drake, who enjoys exploring new and unusual art trends, has been an avid fan for years, with his collection featuring works from artists like Andy Warhol and KAWS. Despite Drake’s limited involvement in crypto, his recent partnerships with Stake and display of a Ledger hardware wallet have cast doubt on his potential to venture into the world of meme coins.
The decentralized pump.fun has been the origin of BTW, which has become a symbol for the meme coin phenomenon and is rapidly growing. The Banana Tape Wall has gained traction in the crypto realm, and its market cap is indicative of the community’s enthusiasm.
Given the frequent fluctuations in trends and memes on social media, it’ll be interesting to see how unexpected events can shape market movements. It’s worth noting that the crypto space is constantly evolving, and while unexpected events can have a significant impact on market sentiment.
In other words, Banana Tape Wall has become one of the most popular meme coins in recent years, thanks to Drake’S NOCTA brand. For more insights on the world of cryptocurrency and meme coins, check out our article on Meme Coins: The New Frontier of Cryptocurrency.
Stay tuned for more updates on the crypto market and the rise of Banana Tape Wall!