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The community currency $DED, backed by Polkadot, made it to the trending charts on X (previously Twitter), indicating the power and support of the community for the memecoin.
$DED has just become the newest community coin to make waves in the space. Over 20,000 people are waiting for their airdrop in the $DED telegram channel, demonstrating the enthusiasm that $DED, which represents for the Polkadot ecosystem, has inspired in the community.
The fact that the token’s snapshot startled the community early last week confirms DED’s positioning as a token meant to provide users with an additional incentive to stay on the network.
For the Polkadot ecosystem, $DED represents a second coming. The creation of the $DED token, which added new liquidity to the ecosystem and offered Polkadot an opportunity to capture more market share, has been seen by many as a significant turning point.
Through collaborations and backing from leading projects on the network, like Talisman Wallet, Nova wallet, SubWallet, and several more, $DED is demonstrating the strength and dedication of the Polkadot community.
With a total prize pool of over $30,000 in DOT, DED has also started the largest Zealy campaign the network has ever seen. Notable figures in the cryptocurrency world have also joined in on the fun. On a segment of his most recent video, YouTuber DataDash said that this would “Put Polkadot back in centre stage,” while other participants included Ash Crypto, DubzyXBT, and Crypto Banter.
Recap of the DED Mission
The community launched $DED with the intention of producing the first memecoin on DOT. The community believed that by banding together, they might create excitement and draw more people to Polkadot. The difficult aspect was figuring out how to accomplish it, but once they saw how $BONK served as a catalyst for the Solana ($SOL), the solution was obvious.
Approximately 100,000 of the more than one million DOT holders have persevered to support the DED launch. After taking the snapshot, DOT and DED are waiting for its airdrop.
Second Wind for Polkadot?
It is evident that $DED has placed the icing on the cake for any belief that the Polkadot ecosystem is extinct. The community, Foundation, and several ecosystem initiatives’ persistent dedication to working together to bring new life to the market.
For the most recent information and community activities Follow them on Twitter/X and join the $DED Telegram channel.