Crypto podcaster Cobie burns 60% of SOL meme ‘UPONLY’

“See you in hell,” crypto influencer and investor Cobie replied to a user promoting the Solana Pump.fun meme token, designed after the UpOnly podcast.

Jordan Fish, more popularly known as Cobie, burned 60% of the Solana (SOL) meme coin minted via Pump.fun on Friday, November 8, after receiving the tokens as a gift. The token, called “UPONLY,” shares the same name as Cobie’s former crypto show, and an unknown developer sent 600 million tokens to the trader. However, Fish stated that he had nothing to do with the meme token.

Cobie responds to UPONLY meme supporter | Source: X

At first, Cobie tweeted a screenshot of the move from UPONLY coins to the dog-themed meme token Dogwifhat (WIF). The trader shared another photo of what appeared to be a cremation with the caption: “This was worth $17 million when I cremated it lol.”

In crypto, burning means tokens are destroyed forever and removed from the circulating supply.

Solana’s blockchain researcher Solscan confirmed that UPONLY’s supply had been re-set to 400 million, indicating that Fish had indeed burned 600 million tokens. UPONLY briefly rose to a market cap of $45 million before falling to a $4.3 million valuation after Cobie burned, according to DEX Screener.

Cobie burned OVER 600 million tokens | Source: X

UpOnly was a podcast sponsored by the now-defunct crypto exchange FTX. Cobie co-hosted the show with Brian Krogsgard, also known as Ledger. Since FTX’s collapse in late 2022, both hosts have discontinued the program and turned to other crypto ventures.

Notably, Fish is reportedly working on Echo, a collaborative crypto angel investor initiative. Krogsgard’s activities remain largely unknown.