As Snorlax Token Surges By 500%, This Hidden Crypto Treasure Garnered $850,000 – Ready to Explode?

cryptonews.com:

As Uptober continues to drive a surge in on-chain crypto prices, markets remain defiant despite wider risk concerns stemming from the conflict between Israel and Hamas - and now, in the latest move, Snorlax token (SNOR) has exploded +500%.

Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless pump-and-dump moon-shots, including BDOGE, APX, FTX, Blinky, DRS and шайлушай.

Traders on Crypto Twitter (X) have been invigorated by the promise of high liquidity - and this has supercharged price action.

As the price rockets high, Snorlax token is currently trading at a market price of $0.0003510 (representing a 24-hour change of +688%).

This comes as the Pokemon-themed token - a tongue-in-cheek reference to the unmovable giant Snorlax character -  launched less than 24-hours ago at 13:00 on October 9.

Limited marketing and next-to-no presence on social media saw a slow opening 3-hours for SNOR, with growth limited to a moderate +50% move.

However, at 16:00 the chart came to life, with a sudden influx of volume driving a dramatic +72% uptick in just one hour.

Eagle-eyed DEX traders, poised on-chain to detect spikes in the market, flooded into the project over the next 3-hours in a massive flood of more than $985k in volume.

Price action shifted into moon-shot form, as SNOR crypto price surged +440% to hit an all-time high at $0.000475.

In the hour since, price has entered -7.5% localized retracement, but with an army of 250 holders emerging and a low market cap at $390k - everything is to play for as a good entry emerges.

An upside move here could see price rocket up to hit the ATH at $0.000475 again (a potential +35.55%).

While short-time frame risk could see SNOR fall back down to $0.0001875 (a possible