What is COXcoin (COX)?
COXcoin (COX) is a token on the XRP Ledger that was launched on New Year's Eve 2023. It was inspired by the wildly successful COQ meme token from the Avalanche Network, which is a memecoin based on rooster memes. Members of the XRPL community, such as JennaX, have raised concerns about the legitimacy of COXcoin. It should be noted that COXcoin does not have a doxxable founder, nor does it have a website or any published tokenomics relating to the COQ memecoin. Caution is advised when engaging with COX on the XRP Ledger.
Who Are the Founders of COXcoin?
The origins of COXcoin on the XRP Ledger are shrouded in mystery, primarily due to the anonymity of its founders. This lack of transparency has created an aura of intrigue and speculation within the XRP Ledger community. The unidentified creators have remained silent, leaving many questions about the intentions, goals, and future plans for COXcoin unanswered. This anonymity, while not uncommon in the digital currency world, has raised concerns among investors and enthusiasts about the potential risks and legitimacy of the token. Despite this, COXcoin has garnered attention and discussion, reflecting the often enigmatic nature of the cryptocurrency landscape.
Influencers Promoting
Several influencers have been actively promoting COXcoin, contributing to its growing visibility in the cryptocurrency space. @CoquetteXRP is known for their engaging content and has been a vocal supporter of COXcoin, often highlighting its features and potential in the XRP Ledger community. @MackAttackXRP, another key promoter, leverages their platform to discuss the token's developments and prospects, attracting a significant following. Additionally, @Chloe_Le_Pen has been instrumental in spreading awareness about COXcoin, using her influence to bring it to a wider audience. Together, these influencers play a crucial role in shaping the public perception and adoption of COXcoin.
Undisclosed Presale
The founder of COXcoin has been actively selling the COX token to users on the XRP Ledger. This activity has resulted in substantial financial gains, with the founder having accumulated 3681 XRP so far. These transactions are transparent and can be observed on the ledger at Bithomp, providing insight into the volume and frequency of trades involving COXcoin. This level of activity not only reflects the founder's engagement in promoting and distributing the token but also offers a glimpse into the growing interest and investment from the XRPL user community in COXcoin.