Key Takeaways:
- The latest bird-themed meme coin — crow with knife (CAW) — has recently taken off.
- The token runs on the Cronos blockchain and can also be swapped on Solana, Base, Polygon, and soon Arbitrum.
- Launched in March 2024, the meme coin appreciated over 2,500% in the first month.
- Based on a real-life crow meme made popular by Snoop Dogg, the token is a straightforward meme coin with no further utility.
- You can buy CAW in the Crypto.com App and on the Exchange, or trade it on DeFi projects available in the Crypto.com DeFi Wallet, including VVS and Uniswap.
What Is crow with knife (CAW)?
The new meme coin crow with knife, which features a crow holding a knife, launched on the Cronos blockchain on 14 March 2024. CAW’s journey to an over US$61 million market cap within a month of launch quickly captured the attention of the cryptocurrency space. At its all-time high (ATH) on 30 April 2024, CAW soared to well over 2,500% of its launch price.
See CAW’s current price and recent price charts.
Birds seem to be emerging as a new meme coin category in 2024: CAW’s success follows that of Coq Inu, a meme coin featuring a rooster, which gained a huge following earlier this year.
Read on for more details on crow with knife’s tokenomics, community, and how to buy this meme coin on Crypto.com.
How Does crow with knife Work? Does It Have Any Utility?
CAW runs on the Cronos blockchain and can be purchased with fiat currency in the Crypto.com App. It can also be swapped for CRO and wrapped CRO on VVS (available in the Crypto.com DeFi Wallet). In addition to Cronos, CAW is also available on Solana, Base, and Polygon, and soon on Arbitrum, according to its site.
The crow with knife website states no utility and, aside from a YouTube video on the meme coin, it only features its original meme of a crow holding a knife, posted by Snoop Dogg. The meme shows a photo of a crow that has been ringed holding a bread knife, with a caption that reads: ‘You know it’s a bad neighborhood when you see a bird with a[n] ankle monitor carrying a knife’.
CAW Tokenomics
Like most meme coins, CAW’s tokenomics are plain and simple: The token has a total supply of 777,777,777,777,777 tokens and a circulating supply of over 769 trillion (at the time of writing) — which means almost all coins are already in circulation. The team gives no details on the site regarding how many coins it holds or when the remaining coins will be released.
The crow with knife Community
As a brand-new meme coin, CAW is still building its community. The project’s official X (Twitter) already has over 11,000 followers, and the project team also runs a Discord channel for community members.
CAW quickly found a following within the Cronos community, as well as the Uniswap and VVS communities in the DeFi space.
Why Is crow with knife Rising in Popularity?
The success of meme coins like CAW can be attributed to the viral and engaging nature of meme-based cryptocurrencies. These coins are designed to capture the attention of enthusiastic online communities, often drawing inspiration from characters, individuals, animals, or artwork that can be mimicked — in this case, a crow with a knife from a classic meme made popular by Snoop Dogg in 2017.
Learn more about why meme coins are trending in 2024 in our in-depth Research report.
Additionally, the low cost of entry and potential for substantial gains make meme coins attractive to many, despite their high volatility and speculative nature. In CAW’s case, opportune timing might have also been at play: The token launched in spring 2024, as the crypto market as a whole was turning very bullish after Bitcoin reached a new all-time high.
How Much Will CAW Be in 2024?
The crow with knife meme coin has experienced significant price appreciation in 2024 so far, with an all-time high (ATH) of $0.0000001488 on 30 April 2024. At the time of writing, CAW trades for $0.000000112, up over 2,500% from its launch price.
The token was recently listed on Crypto.com, which seamlessly integrates with the Cronos blockchain, making crow with knife very accessible for retail traders. However, no one can say for sure what CAW’s price will be in the future.
How to Buy CAW With Crypto.com
Buying CAW with Crypto.com is easy. Many other meme coins, like Dogecoin (DOGE), dogwifhat (WIF), and BOOK OF MEME (BOME), are also listed in the Crypto.com App.
You can buy crow with knife with USD, EUR, GBP, and 20-plus other fiat currencies or trade it for other cryptocurrencies, including BTH, ETH, SOL, USDC, and 250-plus more.
To start buying CAW today, download the Crypto.com App for free from the Apple App Store or Google Play Store. From there, you will be guided to the sign-up process, which takes only a few minutes to complete.
Once registered, you can charge your account via bank transfer, Apple Pay, or credit/debit card payment. While bank transfers might take 1-3 business days to process, Apple Pay and credit card payments are processed within seconds and ready to use for your first CAW purchase.
Conclusion — Should You Buy CAW?
In less than a month, CAW has become one of the most successful meme coins in the Cronos ecosystem. It registered price increases of over 2,500% and quickly attained popularity in the crypto and DeFi space.
However, keep in mind that similar to other meme-based coins, CAW primarily serves as a speculative asset with little utility. Its price volatility hinges solely on its popularity. While the price volatility of meme coins may entice many due to their potential for substantial gains, they also entail the risk of abrupt price declines.
Due Diligence and Do Your Own Research
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Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.
