The memecoin project said momentum accelerated after an Instagram post drew more than 60 million views, prompting the community to transfer a large share of tokens to a prominent crypto personality.
The EGG memecoin community sent 40% of the token’s supply to Bonk Guy after the project gained traction from an Instagram post that surpassed 60 million views. The transfer highlights how memecoin communities can rapidly concentrate token ownership around visible online figures as viral social media attention drives trading interest and project visibility.