The price of Zuck Coin (ZUCK) has surged more than 130% in the last 24 hours, and the new meme token is enjoying a 30,000% gain since it was first listed on Uniswap a few days ago.
The coin is still on the rise and hasn’t really seen a significant drop since launch, but it’s still very, very early in its life cycle, and if 2023 has taught us anything, it’s that most new meme tokens are they discharge strongly and permanently. – after an initial pump.
As such, traders should perhaps be careful about the timing of any potential ZUCK market entry, and less risk-averse buyers may be advised to look elsewhere for market-beating gains.
One coin with good potential to provide such gains is Wall Street Memes (WSM), which has already raised over $13 million in its pre-sale, giving a strong message that it will be supported once it is listed on exchanges.
Zuck Meme Coin Explodes 30,000%
The ZUCK chart shows a similar pattern to other new meme tokens we have covered over the past few days and weeks, which is that it has enjoyed an initial boost out of nowhere and after a couple of very small dips, has stuck in the past. few hours.
It is also worth noting that most of its trading volume fell within the first hour of its listing, which is a bit strange for a coin that probably no one had heard of until then.
And with the coin’s volume now reduced to almost nothing after hitting a new high, it’s almost as if the token’s major holders are waiting for an influx of retail investors to dump it on.
For this reason, traders should be careful if they hope to buy anything from ZUCK in the hope of making a quick profit, dumping the coin before it crashes.
It is interesting to note that ZUCK’s Twitter account also closely resembles many other recently released meme tokens, featuring only one tweet displaying an image of their logo below the message that the coin will “dominate” the tokens. ready. .
This is almost identical to the KSI Coin and Joe Rogan Coin Twitter accounts, both of which feature just the same call-to-action (Joe Rogan Coin account has been suspended).
As such, there is an extremely high probability that the ZUCK coin is nothing more than a fraudulent pump and dump, so buyers should definitely be careful.
Crypto Experts Say Wall Street Memes Is The Next Best Small-Cap Gem – $13 Million Already Raised
However, not all meme tokens are thinly veiled claims, and at least some emerge from genuine online communities and have the potential for sustained demonstrations.
One such meme coin is Wall Street Memes (WSM), an ERC-20 token that has already raised more than $13 million since its pre-sale began last month.
WSM grew out of the online meme stock movement, which in 2021 was notoriously responsible for starting the GameStop and AMC rallies.
His focus on this community is probably the main reason he has been able to raise so much money so quickly, with his Twitter account now has over 250,000 followers.
On top of this, 50% of its two billion supply will go towards its pre-sale, with another 30% set aside for community rewards, something that has clearly incentivized considerable community involvement in its sale.
This is perhaps the biggest difference between WSM and a junk meme token like ZUCK, as WSM has the kind of strong online following that will support its price for months to come, while also helping to attract new investors.
Such investors can join their sale by visiting the official Wall Street Memes website and linking their crypto wallets, with 1 WSM currently on sale for $0.031.
WSM will see several more price increases on the way to the 30th and final stage of its pre-sale, which will close with the meme token at $0.0337.
And that price could end up looking very low when WSM lists on exchanges in the coming weeks.
Visit Wall Street Memes now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.
