As meme coin fever continues to sweep through crypto markets, defying expectations of an impending end to meme season - $SHROOMS is the latest coin to skyrocket.
In a jaw-dropping +70,000% moon-shot, millionaires were made in hours in the latest race to profit.
Now in an aggressive cascading retracement, it is clear early backers are secure their profit.
Indeed, despite a pittance liquidity of $179k, $SHROOMS trading volume has surged to a whopping $5.56m in the past 24 hours.
This brings $SHROOMS market cap to a lowly $1.43m indicating there could still be significant room for growth if $SHROOMS is able to consolidate at a high support level.
With an emerging tribe of 1,790 holders and over 2000 transactions in the opening 24 hours $SHROOMS seems to be the most recent pump and dump meme coin.
With millionaires made in the opening minutes of meme coin launches, as brave DEX explorers discover hidden gems poised to explode to the upside - many are asking how can you get in early on meme coin moon-shots?
After all, by the time you've seen a +70,000% gain - it is likely far too late to make major profits and this leaves you exposed to potential downside dumps.
Some of the obvious steps you can take to ensure you're investing in only the highest quality meme coins (and avoid getting rug-pulled!) are:
By following these steps you can begin to develop a well-researched understanding of what makes a meme coin legitimate, however, to undertake these checks will require a depth of crypto expertise and a familiarity with complex DEX tools.
Discover the next explosive meme coin with a never before seen solution that brings professional-level crypto analysis to retail traders.
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