JINBE Token is Up 2,000% and Wall Street Memes Could Be the Next Crypto to Explode – 100x Incoming?
As on-chain activity continues to fuel major gains in crypto markets, Jinbe Knight of the Sea (JINBE) token has been the latest to break-out, after a sensational +2,000% pump saw the One Piece-themed meme coin surge to top of DEXtools.
The meme coin depicts Jinbe - a whale shark fish-man from the Straw Hat Pirates in the popular Japanese Anime series One Piece.
However, allegations are already emerging that suggest Jinbe could be a next-generation honey-pot scam, manipulating a lack of honeypot checkers on V3.
Amid the dramatic upside move, JINBE is currently trading at a market price of $0.0001864 (representing a 24-hour change of +2,091%).
This comes only 24-hours after the initial launch, at 10AM yesterday (September 14), in an opening that saw little traction in the first 6-hours, with price only pushing up from $0.0580 to $0.00001325 in a minor +58% move.
However, at 16:00 on-chain market interest was triggered with a sudden +85% candle.
With early-backers now at a +200% gain, the following 16-hours would see the chart swept by a massive rally - as price surged up to hit an all-time high at $0.0002465 (a jaw-dropping +3,000 gain since launch).
Fuelled by almost 1,000 transactions, JINBE's DEX market cap surged to hit $828k - as the break-out coin seems set to push past the $1m mark.
However, for 253 committed holders - concerns are arising about the legitimacy of this moon-shot token, as tweets emerge alleging a scam.
In spite of these allegations, Jinbe Knight of the Sea seems to pass preliminary honeypot detectors - highlighting the concern about risk from V3 tokens.
Yet, as buy pressure remains strong, representing 80% of transactions over the past hour as JINBE enters localised retracement - this break-out meme coin
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