As TONY Token Pumps Up 300x in 24 Hours, This Other Meme Coin is About to List on Exchanges
In the latest Solana meme coin pump, TONY token has exploded 300x in less than 24-hours, but as retracement enters the chart, TONY price analysis reveals a rocky road-ahead.
This comes as recent months have seen a new trend in SOL-based DEX-traded token pumps, with countless Solana meme coin moon-shots garnering significant attention, including 2024′, SOLAREUM, Joe on SOL, BINK, BONG, MUSK, FLUB, PUMA and HOPPY.
Doubling down on my bet here on $TONY
Looks like the next solana sendor – 500K
With all due respect, you've got no idea what it's like to be number one. pic.twitter.com/NBm6Gry3hI
— coreh (@corehETH) January 19, 2024
TONY token, is a Mafia-themed, poking fun at Tony Soprano’s character in the popular HBO-series The Soprano.
As price action fights to push up, TONY token is currently trading at a market price of $0.000467 (representing a 24-hour change of +195.45%).
This comes after a dazzling launch, which saw TONY launch around 02:00 (UTC) on January 18, from an initial price of $0.00001, in a move that gained almost immediate traction posting +5,275% in the first hour.
A brief consolidation saw a lower support level established above $0.0002, and this set the stage for a further +750% push over the following hours to an all-time high at $0.0018.
Yet, as early-backed took profit on the dramatic 300x move, a resounding retracement has gained a grip on price action, driving price down -70% to hit consolidation around $0.00038.
But, with price action reeling in an attempt at a second bounce, a critical juncture is identified in TONY price analysis, with significant difference between the $463k market cap (which suggests as much as 10x growth could be possible here) and a meagre liquidity pool of just $38.2k.
This could leave
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