MUSK Token is Up 400x in 24 Hours and This Might Be the Next Crypto to Explode
In the latest Solana meme coin skyrocket, an Elon Musk-themed token has undertaken a 400x MUSK price explosion in less than 24-hours, and now traders are targeting this new meme coin as the next to pump.
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 BONKITA, SAMBOs Bot, alongside Solana meme coins SOLAREUM, Joe on SOL, BINK and BONG.
CA: ACF5XgLVQzadH45hJqmjub4KbyeUfg4dWSxSGZ5RaJCu
Buy: https://t.co/7v4e9MPGCa
— $MUSK (@MuskSolana) January 10, 2024
Ostensibly the MUSK token is a simple play on the popular moonboy icon Elon Musk, however, a closer look reveals a promising ambition to build a future-thinking community aimed at generating new ideas for space-related projects.
MUSK is currently trading at $0.05126, a remarkable 24-hour increase of +94,925%.
In an astonishing 22-hour rally, MUSK soared from its launch price of $0.00022 at 11AM (UTC) on January 10. It skyrocketed by +94,925% to an all-time high of $0.05184.
This meteoric price surge included brief consolidation periods. These established lower support levels at $0.04415 and $0.0185, potentially cushioning any immediate short-term downticks.
This entire movement has been driven by just $17.17k in volume, showcasing the explosive potential of Solana-based tokens.
With about 250 holders enjoying nearly 100,000% gains, the price shows great promise, especially given its modest $488k market cap.
Solana memecoins often reach $5m market caps. This suggests the MUSK token could experience up to a 10x increase, offering ample opportunity for investors attracted to Elon Musk’s meme appeal.
However, concerns arise due to the small, unlocked liquidity pool
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