A lesser-known token named Risitas (RISITA) has experienced an astonishing surge of 37,000% in just one week.

What Happened:  At the time of writing, RISITA was trading at $0.01325, accompanied by a significant trading volume of $192,800.77, representing an increase of 51.11% in the last 24 hours.

Notably, the majority of the trading activity took place on the popular decentralized exchange, UniSwap.

The origins of Risitas can be traced back to the comedic genius of Spanish comedian Juan Joya Borja, who gained global recognition for his infectious laughter.

Famously known by his nickname, El Risitas, meaning Giggles, Borja garnered internet fame when his laughter was overlayed with humorous subtitles, creating a viral phenomenon in 2014.

Will The SEC Finally Approve Long-Awaited Bitcoin Spot ETF? Ask industry experts directly at Benzinga’s Future of Digital Assets event happening in NYC on Nov. 14, 2023. Be a part of the discussions where you won’t just be a passive spectator. Don’t let this chance slip away – secure early bird discounted tickets now!

See More: A Stay At The Floating Palace From James Bond’s ‘Octopussy

Why It Matters: Risitas Coin, as described on its website, “is the ultimate memecoin for crypto degens who want to add some spice to their portfolio.”

The website adds, “based on the legendary Spanish comedian, El Risitas, our coin is designed to bring laughter and entertainment to the world of cryptocurrency.”

Price Action: At the time of writing, Bitcoin (CRYPTO: BTC) was trading at $34,318.16, up 0.10% in the last 24 hours, according to Benzinga Pro.

Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?