The United Kingdom has had frequent changes in political figures in the past seven years, particularly regarding a prime minister. Since David Cameron’s resignation in 2016, Britain has had four prime ministers who came and went quickly from number 10, leaving many people to criticise the practicality of politicians.
Rishi Sunak, who was formerly the chancellor during the COVID-19 pandemic, has now become prime minister after Liz Truss’s resignation came only after 44 days in office. Sunak is frequently portrayed as a “crypto-friendly” politician who welcomes cryptocurrency and other digital assets. So, what does Sunak’s leadership signify for the future of Britain’s crypto industry?
Can ApeCoin Be Influenced By Rishi Sunak?
ApeCoin (APE) is an ERC-20 token that is utilised across the APE ecosystem. ApeCoin is the ecosystem’s governance token, and holders of ApeCoin can participate in ApeCoin DAO. ApeCoin will also be used to purchase games, and items, attend events and get services. The cryptocurrency is the native token for the Bored Ape Yacht Club (BAYC), which is a collection of 10,000 one-of-a-kind Bored Ape NFTs – one-of-a-kind digital collectables that live on the Ethereum blockchain.
Bored Apes have become one of the most recognisable NFTs on the internet, having been endorsed by many high-profile figures such as Elon Musk, Snoop Dogg, Eminem, and Jimmy Fallon. In a recent interview, newly appointed Prime Minister Rishi Sunak was asked if he favoured CryptoPunks or Bored Ape Yacht Club, to which he replied emphatically, “Bored Apes.”
This response alone might contribute to the growing popularity of the BAYC NFT market and the APE token in the United Kingdom. More than 300 million APE tokens are presently in circulation, and with Rishi’s focus on introducing crypto into the everyday lives of Brits, ApeCoin has the potential to skyrocket.
Can Big Eyes Coin Catch Rishi Sunak’s Eyes?
One cryptocurrency that would benefit from getting the attention of the prime minister is Big Eyes Coin (BIG). Big Eyes Coin entered the crypto realm in 2022, a time when the market was at its most volatile due to the frequent occurrences of crypto crashes. One of the blockchain networks’ primary objectives is to shift affluence into the decentralised finance ecosystem. It also has ambitions to safeguard the sea by having a designated charity wallet in which 5% of the entire supply is given to ocean sanctuaries. This element incorporated into BIG could be one that catches Rishi Sunak’s eye, as he and his wife donated £100,000 to his former private school, demonstrating his fondness for giving to charitable causes.
The blockchain network acknowledges that community tokens generate funds for charity and intends to create a platform that encourages hyper-growth through the use of NFTs to get access to content and events. BIG’s mascot is an anime-styled cat with wide pupils, in contrast to how meme currencies like Dogecoin, Shiba Inu, and Floki Inu advertise themselves, which primarily revolve around dogs. BIG’s current success is largely due to its strong social media presence and community.
BIG’s news is quickly spreading, thanks to having close to 60,000 Twitter followers and the help of social media stars like Ieda Wobeto and Gino Assereto. Big Eyes Coin, which is now in the sixth round of its presale and has raised over $9 million, has shown signals of significant promise. It is just a matter of time until Sunak notices BIG since it has already raised $9.34 million in less than a year of existence. With over 4.2 million individuals in the UK owning cryptocurrencies, Rishi Sunak’s advocacy for crypto might help the online iteration come to fruition sooner than predicted.
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