A brand new Ethereum-based (ETH) altcoin is seeing a colossal spike in value after ETH co-creator Vitalik Buterin joked on social media about its potential creation.

Final week, Buterin made a Twitter joke that somebody ought to create a venture known as “THE protocol” to reap the benefits of how frequent the phrase “the” is used.

“Somebody ought to make a venture known as ‘THE Protocol,’ in order that their shills can say ‘Look, so and so talked about THE!’ just about any time anybody says something.”

Nonetheless, Buterin’s joke quickly grew to become a actuality after an unknown improvement staff really constructed a crypto asset known as THE Protocol (THE) simply a short time later.

Since October seventeenth, THE has seen an eye-popping 119,118% enhance in value, going from $0.0000384 to $0.04578 in only a matter of hours.

THE has since stabilized and is altering palms at $0.02246 at time of writing, a 19.2% lower over the last 24 hours, in line with DeFi [decentralized finance] knowledge aggregator DEXTools.

Simply hours after THE noticed its staggering value enhance, Buterin as soon as once more sounded off on Twitter, sarcastically asking his viewers “what have I completed?”

Although THE’s builders have launched an internet site for the digital asset, not a lot data is given as to what its use instances may very well be.

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