The short and sad story of $FEW, an unsuccessful attempt to recreate $MEME

The latest one to make a dent in the news cycle is FEW, an ambitious but rather unsuccessful attempt to recreate the huge success seen my MEME last month-the token skyrocketed to around $2,000 this week after being dropped to few members of a closed-off Telegram group.

Leaked screengrabs of the Telegram group where FEW was fist discussed showed that the project was created by people who were trying to recreate the success of MEME. The token, which at the time the messages were sent didn't actually exist, was called a "Flash mob project" with a blank slate.

Screengrabs made about an hour and a half into the group showed that it saw a massive jump in members in a short period of time, with hundreds of people joining obviously interested in the prospects of getting into FEW. However, as more people entered the group, some technical questions about the coin began popping up-such as does it even exist?

As people began to realize that FEW wasn't listed on any exchange, someone took the opportunity to profit from the buzz and listed a fake FEW pair on Uniswap, hoping to lure unsuspecting members to trade.

Anthony Sassano took it as far as sending his FEW tokens to a burn address to prove that he wasn't going to dump them on anyone.

Sassano's initial tweet was cleverly crafted to get people to buy $FEW. Alex Masmej, the group's administrator, said that no harm was done as the token was never listed, adding that he, too, had burnt his FEW tokens.

Sam Ratnakar, the co-founder of IdeaMarket and the brain behind FEW, said that the project started as an experiment-get a few of the industry's "Smartest people" together, distribute tokens, and see what happens.

The first 52 "Holders" were airdropped 762.23 tokens, with 2,000 FEW left aside for liquidity and multi-sig for DAO members.

"Within a few hours, we've had the whole industry's attention and so much mindshare."

The short and sad story of FEW would have come to a quick end if wasn't for the relentless crypto community on Twitter.