Atari Disassociates from PONG Cryptocurrency
Atari is making it clear that it has no affiliation with the PONG cryptocurrency, officially known as RealPongCoin. The company has accused the token's founders of using its trademarked property without permission.
Legal Actions in the Works
In a recent statement, Atari warned that RealPongCoin risks deceiving consumers by suggesting a connection with the iconic gaming brand. The company's legal team is currently reviewing measures to stop the misuse of its intellectual property, indicating that legal action could be imminent.
Token Performance and Market Presence
The PONG token has not gained significant traction among investors, trading at $0.000875 per token as of early trading on Friday. With a market cap that remains unavailable, it currently has just 507 holders and a total trading volume of less than $5 in the past 24 hours.
Connection to Pong Heroes
This cryptocurrency is seemingly linked to a multiplayer blockchain game called Pong Heroes, which draws inspiration from Atari’s classic game. Developed in 2022 in Estonia, the game features NFT characters competing to earn PONG tokens.
PONG Token's Struggles and Atari's Renewed Interest
Interestingly, despite the PONG token and game debuting several years ago, Atari's recent statement has renewed focus on the token. The founders of the project have expressed on social media that it has “gone down south,” questioning if anyone is still paying attention to it.
The Crypto Landscape
Atari's renewed interest in the PONG token comes amidst a surge in cryptocurrency popularity, especially with the rise of memecoins under the Trump administration. Notable figures, including Trump and his wife Melania, have recently launched their own tokens, adding to the crypto buzz in the current market.
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