BARSIK Memecoin Gains Support from DWFLabs

The memecoin BARSIK, created in honor of influencer Hasbulla Magomedov’s cat, has secured support from DWFLabs, one of the leading investors and market makers in the Web3 space. According to the announcement, this partnership aims to increase the token’s presence, expand its community, and strengthen its position in the memecoin sector. Could this be the next PNUT?

BARSIK was launched on the Solana blockchain a few days after Hasbulla’s cat passed away and quickly gained traction among traders. Within three days, its price surged by 17,000%. Major investments in the token began on November 14, and by the next day, it had entered the list of the most popular tokens among smart wallets.

One trader, who initially invested only 0.68 SOL (approximately $164.97), managed to buy 11.63 million BARSIK tokens on the PumpFun platform. Three days later, they sold almost the entire volume for $4.7 million. Currently, the token is trading at $0.1907 with a market capitalization of $190 million, despite a 40% price drop over the past 24 hours.

BARSIK is being compared to another memecoin, PNUT. As we previously reported, PNUT managed to break into the top 100 by market capitalization and, at the time of writing, is trading at $1.63. Its success was driven by aggressive promotion and attention from prominent figures like Elon Musk. Judging by online comments, the creators of BARSIK are also aiming to capture the businessman’s attention, as many posts about the token can be found under his tweets.

At the same time, the partnership with DWFLabs and the surge in activity among smart wallets solidify BARSIK’s position as a key player in the memecoin space. However, the question remains whether the project can sustain investor interest and replicate PNUT’s success. What do you think?