Here is the English translation without altering the HTML format:
```html
Initially, $ROPE was just an entertaining meme/troll-inspired project by Icebergy. He created $ROPE and started inviting friends to join, forming a Telegram group that attracted more and more users. Later on, people began creating custom $ROPE memos and quickly shouted out messages like "don’t buy rope dont buy $ROPE", "$ROPE is sold out", "when $CHAIR", etc.
```
