POLDO Token Skyrockets 35,000% Overnight as New Memecoin Prepares to Launch on New Exchanges
In the latest meme coin skyrocket, Poldo Token has undertaken a whopping +35,000% price explosion overnight. Now, this other meme coin could be next after red-flags emerge in Poldo price analysis.
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.
Bought $POLDO, mascot dog on polygon. pic.twitter.com/jaqHiQpdkW
— Rockey.Eth (@Rockey_crypt) January 12, 2024
Poldo is a Polygon memecoin playing on the viral potential of the mascot dog of Poldo (Polygon’s dog mascot).
As price action retraces from the skyrocket rally, Poldo token is currently trading at a market price of $0.03856 (representing a 24-hour change of +35,089%).
This comes following a rapid ignition on launch, as POLDO price shot-up 57,139% in the first two-hours of trading from a listing price of $0.0000893.
A brief consolidation at now well-established lower support around $0.0314 set the stage for a second-rally leg, which drove Poldo token up to an all-time high at $0.06377.
With POLDO price atop +35,000% gains around the ATH, Poldo entered major retracement as early backers took profit on huge gains.
Over the past 11-hours this has seen Poldo token lose around -47%, however, a retest of lower support at $0.0314 has been well-defended by holders – priming the chart for further upside.
Indeed, with a lowly market cap of just $340k, POLDO could easily mount a 3-6x rally move from here suggesting it’s not too late to enter the chart.
Yet, with a lowly and unlocked liquidity pool of just $37.77k – this remains a high risk play, with every chance of turning into a
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