As on-chain activity continues to thrive, PogeX token (POGEX) has emerged as the latest DEX-launched moon-shot following a monumental +1,125% overnight rally.
This comes amid heightened volatility in DEX markets; triggered by a break-out on-chain summer in August which has seen substantial growth for Telegram trading bots such as Unibot and Blacksmith.
PogeX positions itself as the first centralized exchange (CEX) to focus primarily on meme coin spot and derivatives products, and subsequently refers to itself as the next big meme project.
The token is owned by leading crypto influencer Selena Royf; a prominent figure in the meme coin vertical on crypto twitter - with an army of more than 85.5k followers.
With the PogeX token contract appearing to pass most audits this project seems intent on unlocking unhinged growth, and although the contract does contain a 3% buy-sell tax (identified by GoPlus’ security audit) - things appear to be just getting started.
As European markets awaken and take stock of the moon-shot price move, PogeX is currently trading at a market price of $0.008132 (representing a 24-hour change of +1,081%).
This comes following a dramatic multi-leg rally, which saw PogeX climb from a launch price of $0.00065 to a (current) all-time high at $0.0085 in just 24-hours.
PogeX was first launched on September 16, and saw an initial 3-days of marketing before hype took off at 16:00 on September 19 with an initial +60% candle attracting the attention of eagle-eyed DEX traders.
The promotion campaign garnered significant attention on Crypto Twitter, leading to a 190% pump over the first 4-hours.
With technical structure entering a break-out pattern by 19:00 on September 19, markets became supercharged as a flood of volume
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