BEER, a Solana meme coin, is facing some controversy, but from the chart, the BEER price looks bottomed and ready to pump. Is it time to buy this meme?
Recently, the token BEER has been home to a lot of controversy. With an impressive increase of 2875% within the first 20 days from launch, it reached a market cap of $530 million while being the number one altcoin by volume on Solana for days, if not weeks.
Since then, the token’s value has plummeted, and some allegations that the team had sold more than $10M worth of BEER have arisen, probably contributing to the price going down astonishingly—91% in only 8 days.
We have noticed that there’s a huge disinformation floating around about $BEER token distribution 👇🧵 https://t.co/zBXdNlclNN
— beercoin (@beercoinmeme) June 16, 2024
The team clarified in a tweet yesterday that their on-chain analytics has shown that 95% of all KOL(Key Opinion Leader, Influencer) and partners had sold during the panic, and they expect much less sell pressure going forward.
(Source)
Looking at the chart, it seems like BEER has found the bottom – Is it time to buy?
In a massive candle hitting $42 million volume in just 4 hours, the price bounced, and the token has since then recovered by 110% and is almost back at resistance.
If the price can close above this level, we could see it hit the next resistance level, around 160% above where it sits now at $0.000282.
(BEERUSDT)
Of course, this is just one possible outcome for the BEER price. Crypto is subjected to several unpredictable factors, and as investors, we always have to keep in mind the risks associated with investing in this or other projects.
Sealana Presale Enters its Final Stage – Only 7 Days Left Before Hyped Launch
Sealana (SEAL) continues its amazing performance by raising more than $5 million in its presale and now officially enters its final stages before launching on DEX. This could be the last opportunity investors have to buy Sealana at the pre-launch price of $0.022 per coin!
Sealana – a meme with a patriotic heart and belly!
Sealana was born as a pure meme, a bit chubby but with an undoubtedly patriotic spirit with stars and stripes. It intends to establish itself on the meme scene on Solana, one of the blockchains currently churning out hugely successful memes such as $BONK or $WIF, both with market caps in the billions of dollars.
The Final Sprint For Sealana Presale
The official end date, announced by the presale team, is June 25th at 6 pm UTC. At that point, investors will receive the tokens via airdrop directly into their wallets, and the token will be launched on Dex.
🚀 Send $SOL, and watch #Sealana 🛹 skate his way into the #Solana blockchain! 🌐🦭
The #Presale ends on Tuesday, June 25th at 6 pm UTC! ⏳ Make the most of the time left and push for those dreams of Lambos 🏎️💨 and Freedom! 🗽✨ pic.twitter.com/u6TwBlidnc
— Sealana (@Sealana_Token) June 18, 2024
The sentiment for this launch seems to be unanimously positive and some are speculating on a possible 10x off the pre-sale price. Well, we’ll just have to wait and see!
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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 of your capital.
