Fluffington, what? I have never heard of this character before. Maybe I’m too old. Launched on Pump Fun, it successfully managed to get the required buyers to migrate to Solana and become a real token—something less than 0.1% of all launches do.
Yet the developer chose to do a so-called rug and sell all his tokens, so the community had to jump to action and do a so-called CTO (Community Takeover).
With the right people motivated and hungry doing these takeovers on coins such as Fluffington, tokens can absolutely fly. This happened here again.
From being totally dead with a market cap of less than $100.000 to surging to over $10 million all within a day, some people will have made life-changing money in only a few hours.
Fluffington Price Movement Suggest Another Surge Up?
Despite having absolutely mooned in the past 24 hours, Fluffington is actually looking like it’s ready for another burst.
Since midnight EU time, it has been doing what’s called consolidation, where early buyers take profit, and new buyers step in to take over.
The volume of Fluffington has evidently kept up well. In the past 24 hours, it’s sitting well above $17 million, and by the looks of the chart, it’s only a tiny push away from breaking up again.
Could it really hit a $50 to $100 million market cap in such a short amount of time?
EXPLORE: How to Buy Ethereum as a Beginner
HUGE Accounts Show Interest In Fluffington
My new pet!$FLUFFI
He just tweeted 30 minutes ago and this is first FLUFFINGTON pump meme created.
DEV sold.
NFA this may run.
— Elon Musk (Parody) (@ElonMuskPDA) August 15, 2024
Apparently, the craze surrounding Fluffington was all started by a parody account of Elon Musk with over 200.000 followers on X.
It seems absurd to tweet about a token worth less than $50.000 at the time of his tweet to over 200,000 followers, but I guess that’s crypto for you. In this case, it worked out wonderfully, with a nearly 200x return for those who got lucky.
But please be advised that Pump Fun is a casino, and 99.99% of people lose ALL their money!
DISCOVER: Next 1000x Crypto – 17 Coins That Could 1,000x in 2024
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.
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