Cardano founder Charles Hoskinson has inspired yet another meme coin.
When people think about Cardano, a leading Layer 1 chain renowned for its peer-reviewed research and thoughtful approach to development, the last thing they are likely to think about are meme coins.
Yet this same blockchain hosts significant meme coin activity with several thriving meme coin communities. Popular examples are Snek, Hosky, and NIKE.
Meanwhile, in a recent development, Cardano’s meme coin ecosystem has again jumped into the spotlight with another launch, seeking to generate attention with the name of the network’s founder.
Official Charles Meme Coin
After inspiring the likes of Hosky (inspired by a play on his last name), NIKE (named after his pet pig), and SHARL (a play on his first name), Cardano founder Charles Hoskinson has inspired yet another meme coin.
Within the past 24 hours, a Cardano community figure has created a token called Official Charles Meme Coin (CHARLES), no doubt taking a page from the naming convention of recently launched meme coins by President Donald Trump and his wife Melania, with an image of the network’s founder.
Taking things a step further, the token creator sent 90% of the token supply, about 900 billion CHARLES, to Hoskinson to drive attention around the token.
According to TapTools data, the token has surged nearly 2,000,000% since its launch. With just 769 holders, it boasts a $2.96 million market cap. At current prices of $0.000033, Hoskinson’s 90% stake is worth $29.7 million.
Official Charles Meme Source TapTools
The development came after the Cardano founder showcased a wallet he created to explore the new features of Lace’s latest version release.
The memecoin release has unsurprisingly sparked a humorous response from Hoskinson.
“I made a wallet video about Lace, and I woke up with my own memecoin. Lol, never change crypto,” he wrote.
I made a wallet video about Lace, and I woke up with my own memecoin. Lol, never change crypto
— Charles Hoskinson (@IOHK_Charles) January 30, 2025
Similar playful responses have also followed from the community. For example, the official Hosky X account commented, “Rug Me Daddy!”
It remains to be seen whether this new Hoskinson-inspired meme coin will be able to claim significant notoriety or become a horror story for speculators.
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