Last month, a team of South Korean scientists claimed to have engineered a superconducting material, dubbed LK-99, that works under ambient temperature and pressure. In layman’s terms, the team allegedly created a material allowing electrical currents to flow without resistance or energy loss. Previously, such types of materials were only thought to have functioned at absolute zero temperatures.
But the new supposed breakthrough, which has since been replicated (synthesis-only) by at least one other research team, is already causing a stir among the scientific and perhaps crypto community. Within days of its publication, several LK-99 memecoins have already been listed on decentralized exchange Uniswap. One such coin, the ERC-20 LK-99 token, was listed less than 24 hours ago and has already surpassed $3 million in total trading volume at the time of publication.