PANews November 8 news, according to The Block, on Friday, an unknown entity launched a new Solana-based meme coin called 'UPONLY' and sent 60% of its total supply of 1 billion coins to well-known crypto trader Jordan Fish (alias Cobie). However, Cobie announced that he has destroyed all the UPONLY tokens he received and stated that at the time of destruction, the value of these tokens reached 17 million dollars. In an interview, Cobie said: 'Someone created the UPONLY token using Pump.fun and sent some to me. I destroyed the tokens they sent me and asked them not to bother me anymore.'
It is reported that Cobie previously co-hosted the UpOnly cryptocurrency podcast with fellow trader Brian Krogsgard (online name 'Ledger'). However, the two have not released a new episode since December 2022, following the collapse of their former sponsor FTX.
DEX Screener shows that the token reached a theoretical market cap peak of 45 million dollars on Friday, then fell to 5.3 million dollars. According to the platform, after Cobie destroyed the tokens, the current market cap of UPONLY under its new circulating supply is approximately 8 million dollars, although its liquidity is only 695,000 dollars.