CHEEBS and AVAXINU are Up 150x in 24 Hours and This New Meme Coin Could be Next
As DEX-launched tokens continue to mount seismic rallies, CHEEBS and AVAXINU have mounted the latest 150x rallies overnight, and now traders are gravitating to this latest meme coin as the next potential skyrocket.
This comes as 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, BabyGROK, TIME, ZKGROK and IO.
Solana-based CHEEBS token is currently trading at a market price of $0.000215 (representing a 24-hour change of +675%).
This comes following a seismic launch from lower support at $0.00003 (around 1PM UCT Yesterday), in an aggressive 5-hour rally move that saw price climb a whopping 1,500%.
Price was stalled by an all-time high at $0.00041, which triggered a -60% retracement that saw price latter catch support around $0.000091.
A well-defended consolidation move here has set the stage for an emerging second bounce, as price action forms a bullish pan and handle pattern that teases the prospect of a second rally leg.
Indeed, with a rock-bottom market cap of just $200k, amid $1.05m in 24-hour trading volume, CHEEBS token could undertake as much as a 25x return from here to hit a $5m market cap.
And with buy pressure continuing to dominate trading over the past hour, with 64% of ongoing transactions representing buys – a second-upside move seems to be a very real prospect.
In other news, AVAX-based memecoin AVAXINU is currently trading at a market price of $0.00000000029 (representing a 24-hour change of +104%).
A far cry from the sustained performance of CHEEBS token, AVAXINU has experienced extreme volatility over the past 24-hours, with a major +1,500% move across 5-hours triggering at 19:00 UCT.
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