PANews reported on November 8 that according to The Block, on Friday, an unknown entity launched a new Solana-based Meme coin called "UPONLY" and sent 60% of its 1 billion supply to well-known crypto trader Jordan Fish (online pseudonym Cobie). However, Cobie announced that he had destroyed all the UPONLY tokens he received, and said that when the tokens were destroyed, the value of these tokens had reached 17 million US dollars. In an interview, Cobie said: "Someone used Pump.fun to create UPONLY tokens and sent some to me. I destroyed the tokens they sent me and asked them not to bother me again."
Cobie previously co-hosted the UpOnly cryptocurrency podcast with fellow trader Brian Krogsgard (nicknamed "Ledger"). However, the two have not released a new show since December 2022 after the collapse of former sponsor FTX.
DEX Screener shows that the token peaked at a theoretical market value of $45 million on Friday before falling to $5.3 million. According to the platform, after Cobie destroyed the token, UPONLY's market value under its new circulating supply is currently about $8 million, although its liquidity is only $695,000.
