Amid a rise in DEX launched meme coins, a new Solana-based project called Rocky token ($ROCKY) has surged a whopping 270x over the past 24-hours, but with price in retracement – investors are turning their attention to this other Bitcoin ETF project.
Recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, Baby Meme, TIME, XDOGE and IO.
Action is now centering on Solana due to high gas fees on the Ethereum network pushing trading activity onto cheaper blockchains.
$ROCKY is the dog after $MYRO. Rocky is the Solana cofounders dog as well. The team is confident and experienced, up big from dip a couple hours ago. pic.twitter.com/JRA6fqaO80
— Ultr∆ (@jeetwhisperer) November 21, 2023
The new $ROCKY token takes on the name of the second dog owned by Solana Co-Founder Raj Gokal’s dog Rocky, and takes aim at sequel success to a prior Solana-based meme coin named after Gokal’s first dog – Myro ($MYRO).
$ROCKY token has already taken an impressive run, surging 270x in the first 24-hours of trading, however, with price currently in retracement market sentiment remains divided over whether there is enough mileage for a second leg.
$ROCKY holding good after a crazy run upto 1.4M ATH on day 1 . Dipped to 300-400k area and now reversing well .
Next leg up will surely break ATH .
It's dog szn on solanahttps://t.co/Dtp6OBpTS5
— Drft Z (@Drft_Z) November 20, 2023
With the retracement move shifting to consolidation, $ROCKY is currently trading at a market price of $0.2545 (representing a 24-hour change of -61%).
This comes as the chart has been dominated by a downside trading channel for more than 20-hours after $ROCKY priceRead more on cryptonews.com