Feb 26, 2022
The situation in Ukraine is growing tough as Russia refuses to back down. As this man-made catastrophe continues, the toll of life increases and the impact of it is being felt across the world.
There was no surprise that this event has even hit the stock market and the crypto market, but what was astonishing is the rise of the Putin coin [PUT] which was rallying 130% higher in the past 24-hours at $0.003966.
Putin coin made an appearance in the cryptocurrency world around the previous bull run in 2017. Created by ardent supporters of Russian President Vladimir Putin, the token crawled out from its grave over the past couple of days and has been witnessing a rise in trading volume and the price.
The token noted another boost in value on 5th February and jumped to $0.001138. It continued to trade at close to the $0.001128 price level until 22nd February after which it entered a massive volatility phase.
The Twitter page of the project that goes by @PutinCoinPUT has a little over 6,000 followers. According to its website, the PUT supply was over 20 billion with the top 25 wallet addresses holding 19 billion of the coins. This was almost 92% of the total supply.
As per the website, currently, five exchanges have listed the PUT coin. These include Folgory, Crex24, Emirex, HeloCoins, and Bololex.