The crypto version of the MonkeyPox should be safe – right? Maybe not for your bags. POX price exploded +200% in less than 24%. Overnight, though, it then dumped 71%!
MonkeyPox launched on Solana on August 28th and has steadily risen for days without any major exposure. That is until a couple of days ago when the price jumped from $0.02 to $0.10 in 48 hours.
MonkeyPox Will Go “Viral”? Major Fud Around This Meme Coin
Naturally, there is always some FUD around coins that attract attention. Motivated or not. For POX, the story is no different. Several accounts on X have pointed out that the largest coin holders did not buy directly onchain after the launch.
$POX is a SPL-404 developed by @MutantLabs_ and @metaplex.
The top wallet is a POOL where you can swap tokens and NFTs.
It’s how the tech works and you need learn ASAP.
Stay SICK 🫵🤮
— Bark (@barkmeta) September 4, 2024
But that is because MonkeyPox held a presale, and therefore, the tokens were airdropped. Of course, after a climb like that, presales have every reason to start selling. Also, the large holder, which accounts for 66% of the supply, is apparently a pool for swapping NFTs and tokens.
Pox has reached an ATH of $100 million. Physiologically, people started taking profits. As often happens, those who bought at a high price sold in panic.
After the ATH, Pox dipped a whopping 73%.
(POXUSDT)
The dip was quickly eaten, and now Pox is trading around $0.04 – $0.056. Naturally, this drop fueled the hype around the project and the team, who apparently have a history of launching failed projects, but for some, this was also a great opportunity to buy Pox cheaply.
So far, Pox is up 86% from the bottom. Those who bought the dip took a high risk. If the community and the team keep putting effort into this meme coin, Pox has the potential to recover and even go higher.
Pepe Unchained Presale Breaks $12 Million Milestone
Pepe Unchained clearly attracted the attention of investors, and the presale raised more than $12 million! If PEPU keeps up this trend, we can expect great hype for the launch.
A New Layer-2 Joins The Fray: Pepe Unchained
Pepe Unchained takes the classic Pepe meme and gives it utility by building a new layer-2 blockchain around it. This blockchain aims to become a hub for launching and trading new meme coins thanks to its lower fees and faster speed than Ethereum, a Layer-1.
Pepe is preparing to launch his own Layer 2 blockchain solution soon:
🧠 Instant bridging between ETH and Pepe Chain
🧠 Lowest transaction fees
🧠 100x faster transaction speeds compared to ETH
🧠 Dedicated Block ExplorerGet ready to join the future with Pepe Unchained! ⛓️🐸 pic.twitter.com/9gxNnddMyq
— Pepe Unchained (@pepe_unchained) July 18, 2024
$PEPU token powers the entire ecosystem, and thanks to a staking option, by staking your $PEPU tokens, you can earn passively with a current APY of 169%
Investors do not seem to have taken Pepu’s potential lightly, and the presale has already raised more than $12 million! The current price is $0.0094982 per token before the next increase. On X, Pepe Unchained has over 12.5k followers, and the numbers keep rising!
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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.
