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    Home / Blockchain / Congressman jokes about a Mongoose Coin: Now it exists
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Congressman jokes about a Mongoose Coin: Now it exists

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His speech inspired a bunch of mongoose-related tokens including Mongoose Coin, Son of Mongoose and Baby Mongoose.

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Democratic representative for California Brad Sherman joked about how ridiculous a “Mongoose Coin” would be on Wednesday — and by Friday it had become a reality.

During Wednesday’s hearing on crypto at the House Financial Services Committee, Sherman spun a tale of an old woman who swallows bigger and bigger animals to eat the animals previously swallowed.

He likened this fable to cryptocurrencies dethroning each other, explaining that Bitcoin (BTC) could be unseated by Ethereum (ETH), which in turn could be displaced by Dogecoin (DOGE), and then Hamster Coin, and then Cobra Coin.

“What could Mongoose Coin do to Crypto Coin?” he asked. The African animal is of course known for eating other animals, including cobra snakes. It’s a metaphor, geddit?

Sense of humor firmly intact, the crypto community responded by minting a batch of tokens relating to the speech overnight on Avalanche (AVAX), Polygon (MATIC) and Binance Smart Chain (BSC).

The first coin that sprung into existence was Mongoose Coin ($MONG), which has a total market cap of $18.74 million with just under 3000 holders. “Named by Congress. Made by the Mongress,” states the coin’s Twitter bio.

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