BabyX Token Blasts Up 37,000% and Crypto Whales Say Wall Street Memes is the Next Crypto to Explode – $25 Million Raised Already
Twitter-themed DEX tokens seem to be making a resurgence, after BabyX token blasted-up +37,000% in a spectacular moon-shot rally that has gripped the attention of DEX traders.
BabyX is aptly named in testament to Elon Musk's now infamous rebrand of Twitter to X.
In the aftermath of the sudden website rebrand, a wave of X-themed coins surged in DEX markets, with the likes of X token pumping +3,000%.
BabyX saw a surge of popularity in the early hours of August 23, after famous Chinese altcoin influencer Crypto Angel featured the freshly launched token in a list that fuelled excitement among Chinese DEX traders.
Following the seismic pump, BabyX is currently trading at a market price of $0.0253 (a 24-hour change of +38,038%).
This comes after BabyX was launched at 3:00 AM on August 23 - the fresh-faced meme coin immediately caught the attention of late-night West Coast traders and early-rising Asian markets with an impressive +24,696% pump in the opening hour.
And the pump didn't stop there, fuelled by more than $188k in trading volume price has now surged from a lowly launch price of $0.00004073 to a staggering $0.025 in less than 8 hours.
But such a dramatic move comes at a cost, and in the past 6 hours, initial explosive pump moves has given way to much tighter price action - although buy pressure remains dominant (making up 77% of transactions in the past hour).
However, as BabyX continues to post higher highs, technical structure remains strong - indeed, with a total market cap of just $2.54m this token still could have mileage.
Amid the moves, traders with less risk appetite have been racing to be among the last to get in on the Wall Street Memes presale, which has just days remaining before heading for a highly anticipated
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