A newly released meme coin called Apple Coin ($APPLE) saw an explosive start to life on Friday.
The new coin, which seems to be based on US tech giant Apple but has no official affiliation with the company, rallied as much as 50,000% in the wake of its launch across decentralized exchanges.
$APPLE opened for trade around $0.0003, but then rallied to as high as $0.15, giving it a market cap of $1.5 million at the time thanks to the token supply of 10 million.
However, with traders unsure as to whether $APPLE has any fundamental value beyond just being another pump and dump, the coin has already fallen back over 97% from its earlier highs to around $0.003.
The project’s website is very light on details, only promising that $APPLE buyers will help shape the project’s future.
Nonetheless, Apple Coin’s trading volumes have still managed to surpass $490,000 since its launch and the crypto token has already managed to amass over 150 holders.
Apple Coin’s liquidity pool, meanwhile, has over $18,000 in locked liquidity.
Those looking for a meme coin that has a lot more potential than the likely already-dead Apple Coin project should check out Wall Street Memes.
The Wall Street Memes community rose to prominence in the meme stock craze of 2021 and has recently been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token.
The presale, which has raised close to $8 million in just over two weeks, has already surpassed 2021’s highly successful mint of the Wall Street Bulls 10,000 piece NFT collection, which famously made $2.5 million and sold out in 32 minutes.
With crypto experts ranking $WSM as one of 2023’s hottest meme coins and best presales of 2023, crypto whales have been aggressively buying $WSM.
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