A major new memecoin is set to launch today, generating significant buzz within the cryptocurrency community. The coin, which will be announced on Telegram, is expected to follow the success of previous launches such as $MAGA, which reached a $300 million market cap. Over 6000 members are already anticipating the launch, with many speculating about its potential impact on the market. The new memecoin, rumored to be a big new dog-themed coin, will be launched on the Ethereum blockchain and will feature no tax. Earlier, over 4700 members had shown interest in the launch.