The price of Zuck Coin (ZUCK) has risen by more than 130% in the past 24 hours, with the new meme token enjoying a 30,000% gain since it first listed on Uniswap a few days ago.
The coin remains in the ascendancy and has not really experienced a significant dip since its launch, yet it’s still very, very early in its life cycle, and if 2023 has taught us anything, it’s that most new meme tokens dump hard – and permanently – after an initial pump.
As such, traders should perhaps be wary about timing any possible entry into ZUCK’s market, with less risk-averse buyers possibly advised to look elsewhere for market-beating gains.
One coin with good potential for providing such gains is Wall Street Memes (WSM), which has raised more than $13 million in its presale already, providing a strong message that it will be supported once it lists on exchanges.
Zuck Meme Coin Blasts Up 30,000%
ZUCK’s chart shows a similar pattern to other new meme tokens we’ve covered in the past few days and weeks, whch is that it has enjoyed an initial pump out of nothing and, after a couple of very small dips, has flatlined over the past few hours.
It’s also worth pointing out that the vast bulk of its trading volume fell within the first hour of its listing, which is kind of strange for a coin that no one had probably heard about up until then.
And with the coin’s volume now reduced to almost nothing after it hit a new record high, it’s almost as if the token’s major holders are waiting for an influx of retail investors on whom to dump it.
For this reason, traders need to be wary if they hope to buy some ZUCK in the hope of making a quick profit, offloading the coin before it collapses.
It’s interesting to note that ZUCK’s Twitter account also looks much the same as many other recently launched meme tokens, in that it features only a single tweet in which an image of its logo is displayed under a message that the coin will “dominate” the charts.
This is all-but identical to the Twitter accounts of KSI Coin and Joe Rogan Coin, both of which feature only the same call to action (the account for Joe Rogan Coin has actually been suspended).
As such, there’s an extremely high probability that ZUCK coin is nothing more than a scammy pump-and-dump, so buyers should definitely beware.
Crypto Experts Say Wall Street Memes is the Next Best Low Cap Gem – $13 Million Raised Already
However, not all meme tokens are thinly veiled rug pulls, with at least a few emerging out of genuine online communities and having the potential for sustained rallies.
One such meme coin is Wall Street Memes (WSM), an ERC-20 token that has already raised more than $13 million since beginning its presale last month.
WSM has emerged out of the online meme stocks movement, which in 2021 was notoriously responsible for starting the GameStop and AMC rallies.
Its focus on this community is probably the main reason why it’s been able to raise so much money so quickly, with its Twitter account now commanding more than 250,000 followers.
On top of this, 50% of its two billion supply will go to its presale, with another 30% reserved for community rewards, something which has clearly incentivized considerable community involvement in its sale.
This is perhaps the biggest difference between WSM and a junk meme token such as ZUCK, with WSM having 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 its sale by visiting the official Wall Street Memes website and linking their crypto wallets, with 1 WSM currently selling for $0.031.
WSM will see several more price rises en route to the 30th and final stage of its presale, which will close with the meme token at $0.0337.
And such a price could end up seeming very low indeed when WSM lists on exchanges in the next few 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 of your capital.
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