A new Ethereum-based (ETH) altcoin is seeing an enormous spike in rate after ETH co-creator Vitalik Buterin joked on social networks about its possible creation.

Last week, Buterin made a Twitter joke that somebody need to produce a task called “THE protocol” to capitalize of how typical the word “the” is utilized.

“Someone should make a project called ‘THE Protocol,’ so that their shills can say ‘Look, so and so mentioned THE!’ pretty much any time anyone says anything.”

However, Buterin’s joke quickly came true after an unidentified advancement group really built a crypto possession called THE Protocol (THE) simply an instant later on.

Since October 17th, THE has actually seen an eye-popping 119,118% boost in rate, going from $0.0000384 to $0.04578 in simply a matter of hours.

THE has actually considering that supported and is altering hands at $0.02246 sometimes of writing, a 19.2% reduction throughout the last 24 hr, according to DeFi [decentralized finance] information aggregator DEXTools.

Just hours after THE saw its shocking rate boost, Buterin as soon as again sounded off on Twitter, sardonically asking his audience “what have I done?”

Though THE’s designers have actually released a site for the digital possession, very little details is offered regarding what its usage cases might be.

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