{"id":36715,"date":"2021-02-19T12:48:06","date_gmt":"2021-02-19T10:48:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36715"},"modified":"2025-08-29T07:44:17","modified_gmt":"2025-08-29T04:44:17","slug":"in-dogecoins-wake-unisocks-meme-token-surges-to-92500","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/in-dogecoins-wake-unisocks-meme-token-surges-to-92500\/","title":{"rendered":"In Dogecoin&#8217;s wake: Unisocks meme token surges to $92,500."},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">The Unisocks (SOCKS)<\/span><span style=\\\"font-weight: 400;\\\">, issued as a joke by the Uniswap exchange,<\/span><span style=\\\"font-weight: 400;\\\"> this week reached a new all-time high above $92,500<\/span><span style=\\\"font-weight: 400;\\\">. It can be exchanged for a real pair of socks.<\/span><\/p>\n<p>\\n<!--more-->\\n<\/p>\n<blockquote>\n<p><i><span style=\\\"font-weight: 400;\\\">\u201c500 pairs of digital socks have a market cap of $20 million. Memes <\/span><\/i><i><span style=\\\"font-weight: 400;\\\">\u2014<\/span><\/i><i><span style=\\\"font-weight: 400;\\\"> are the new money,\u201d<\/span><\/i> <span style=\\\"font-weight: 400;\\\">\u2014<\/span><span style=\\\"font-weight: 400;\\\"> noted by CoinShares&#8217; chief strategy officer Meltem Demirors.<\/span><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">500 pairs of digital socks \ud83e\udde6 have a market cap of $20 million<\/p>\n<p>\\n<\/p>\n<p>memes are the new money <a href=\\\"https:\/\/t.co\/gJ5MmtaZrE\\\">https:\/\/t.co\/gJ5MmtaZrE<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Meltem Demirors (@Melt_Dem) <a href=\\\"https:\/\/twitter.com\/Melt_Dem\/status\/1361407190981050371?ref_src=twsrc%5Etfw\\\">February 15, 2021<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n<\/p>\n<p>Some users recalled a time when the token was valued at $200.<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\"><a href=\\\"https:\/\/twitter.com\/search?q=%24SOCKS&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$SOCKS<\/a> \ud83d\udd25<\/p>\n<p>\\n<\/p>\n<p>Unisocks at $83,000 \ud83d\ude06<\/p>\n<p>\\n<\/p>\n<p>Most expensive ever.<\/p>\n<p>\\n<\/p>\n<p>I remember seeing these at $200 and thought they were crazy at that price! <a href=\\\"https:\/\/t.co\/iOWH5OkA1X\\\">pic.twitter.com\/iOWH5OkA1X<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 John Trades Crypto \u2014 \u2018Follow Me\u2019 (@JohnTradesCryp1) <a href=\\\"https:\/\/twitter.com\/JohnTradesCryp1\/status\/1361728092465631232?ref_src=twsrc%5Etfw\\\">February 16, 2021<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n<\/p>\n<p>The decentralized exchange released 500 meme tokens in May 2019, valuing them at $12 at the time.<\/p>\n<p>\\n<\/p>\n<p>Subsequent gains in Ethereum and the limited supply of SOCKS pushed the price higher \u2014 as of today only 315 pairs remain, with a total value of $20 million at the current price of $62,000.<\/p>\n<p>\\n<\/p>\n<p>According to CoinGecko, SOCKS rose sevenfold over the last 30 days, with a 125.3% rise over the last seven days. At its peak on February 16, the price climbed to $92,549.47.<\/p>\n<p>\\n<\/p>\n<div id=\\\"attachment_125336\\\" style=\\\"width: 742px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-125336\\\" class=\\\"size-full wp-image-125336\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/socks.png\\\" width=\\\"732\\\" height=\\\"557\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/socks.png 732w, https:\/\/u1f987.com\/wp-content\/uploads\/socks-300x228.png 300w\\\" sizes=\\\"auto, (max-width: 732px) 100vw, 732px\\\" \/><\/p>\n<p id=\\\"caption-attachment-125336\\\" class=\\\"wp-caption-text\\\">SOCKS trajectory. Data: CoinGecko.<\/p>\n<\/div>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Tokens can be returned to the pool at any time. Each token entitles the holder to one pair of socks \u2014 shipped worldwide.<\/span><span style=\\\"font-weight: 400;\\\"> Redeemed tokens are withdrawn from circulation.<\/span><\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\ud83e\udd84\ud83d\udd25\ud83e\udde6\ud83e\udd84\ud83d\udd25\ud83e\udde6\ud83e\udd84\ud83d\udd25\ud83e\udde6\ud83e\udd84\ud83d\udd25\ud83e\udde6\ud83e\udd84<br \/>The day is finally here \u2014 Unisocks redemption is live!!!<\/p>\n<p>\\n<\/p>\n<p>Visit <a href=\\\"https:\/\/t.co\/fJv6jrrVLd\\\">https:\/\/t.co\/fJv6jrrVLd<\/a> to redeem your <a href=\\\"https:\/\/twitter.com\/search?q=%24SOCKS&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$SOCKS<\/a> for luxury socks shipped anywhere in the world.<\/p>\n<p>\\n<\/p>\n<p>1\/ <a href=\\\"https:\/\/t.co\/ChRvgVbG40\\\">pic.twitter.com\/ChRvgVbG40<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Uniswap Protocol \ud83e\udd84 (@Uniswap) <a href=\\\"https:\/\/twitter.com\/Uniswap\/status\/1186680942938742785?ref_src=twsrc%5Etfw\\\">October 22, 2019<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><br \/>\\nIf anyone is curious why SOCKS jumped to $22 000, it is because a whale bought them for $220 000. The remaining socks will have to be stored in a bank vault,<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">If anyone is wondering why SOCKS jumped to ~$22k its because this whale bough $220k worth<\/p>\n<p>\\n<\/p>\n<p>We\u2019re going to need to put outstanding Unisocks in a bank vault soon \ud83d\ude05<a href=\\\"https:\/\/t.co\/Iehw35gojD\\\">https:\/\/t.co\/Iehw35gojD<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Hayden Adams \ud83e\udd84 (@haydenzadams) <a href=\\\"https:\/\/twitter.com\/haydenzadams\/status\/1355198560824918023?ref_src=twsrc%5Etfw\\\">January 29, 2021<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n<\/p>\n<p>The jump in SOCKS aligned with Uniswap\u2019s own success. Recently ForkLog reported that trading volume on the platform surpassed <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-tweets-about-dogecoin-again-as-the-coin-climbs-nearly-50\">$100 billion<\/a>.<\/p>\n<p>\\n<\/p>\n<p>In February, hype also surrounded the market\u2019s best-known meme token <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-tweets-about-dogecoin-again-as-the-coin-climbs-nearly-50\">DogeCoin<\/a>, spurred by interest in Elon Musk\u2019s project. This even forced the developers <a href=\"https:\/\/u1f987.com\/en\/news\/dogecoin-developers-resume-development-as-prices-hit-records\">to return to work<\/a> on the cryptocurrency\u2019s code.<\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog\u2019s news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Unisocks (SOCKS) token, released as a joke by the Uniswap exchange, this week reached a new all-time high above $92,500. It can be exchanged for a real pair of socks.<\/p>\n","protected":false},"author":1,"featured_media":36716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1161,596,1391],"class_list":["post-36715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-memes","tag-tokens","tag-uniswap-uni"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36715"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36715\/revisions"}],"predecessor-version":[{"id":36717,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36715\/revisions\/36717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36716"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}