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Share link:In this post: A gently used 2001 honda civic ($USDCAR) is a Solana memecoin that surged by 8x after a community-takeover (CTO). The project is based on Honda Civic because the car represents stability and long-term value, which drives the appeal of $USEDCAR. A community member toured Europe and attended crypto events with a real old honda civic, named The MemeMachine.
A gently used 2001 honda civic is a memecoin project built on Solana and has been active for the past 10 months. Its token, $USEDCAR, went up by 8x since the community takeover.
The project launched last year, along with other successful coins like $BONK and $WIF. And that was before the pump.fun memecoins mania. $USEDCAR achieved a $35M market cap, and now it’s in a consolidation phase.
The project was popular back in January, but whales decided to sell after achieving 5x, attempting to kill it. This did not stop the community and the real OGs from reviving it. According to Spyzer, VP of Memes, the true believers of $USEDCAR kept accumulating the token. Then a community takeover (CTO) was announced and the project went up by 8x since the CTO.
A gently used 2001 honda civic has been growing organically, and it currently has a Telegram community of 5,225 members. The project’s website is filled with the memes and other content from the community about a gently used 2001 honda civic.
$USEDCAR is about freedom of the community
X user Jiro 9dcc shared a paper on October 10th about $USEDCAR. The paper talks about the investment rationale, market context, and investment catalysts of the memecoin. The paper states that the Honda Civic represents financial freedom, making $USEDCAR about stability and long-term value rather than exorbitant wealth.
Additionally, finding a good used Honda Civic is difficult which represents scarcity of the vehicle’s meme value. Moreover, the paper says that the Civic has a community-driven value, which represents the true decentralization of wealth compared to projects backed by VC.
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In terms of market context, used cars like a Honda Civic symbolizes real-world value, which is similar to memecoins in the crypto space. The paper says that one of the investment catalysts of the memecoin is that it aligns with FIRE principles. FIRE stands for financial independence, retire early, meaning the memecoin appeals to people who are seeking long-term financial security.
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