While KSI Token Shoots Up 50,000% Crypto Experts are Stacking This New Meme Coin as the Next Crypto to Explode – What Do They Know?
The KSI Token has risen by 430% in the past 24 hours, with the new meme token – themed after YouTuber-cum-boxer KSI – exploding by more than 50,000% since listing directly on Uniswap yesterday.
In previous years, such astronomical gains would be mightily impressive, but 2023 has seen no shortage of new meme tokens rising up the charts, with the vast majority being little more than thinly veiled pump-and-dumps.
And it seems that KSI is one of them, with the coin having no real online presence and no community of holders and supporters.
However, one new meme token that does have a substantial and growing horde of followers is Wall Street Memes (WSM), with its presale already raising more than $12.6 million.
At the moment, KSI is showing no signs of flagging, although it did only just list a day ago.
Interestingly, the chart above shows that the vast bulk of its trading volume applies to the first few hours of its listing, with trading activity tailing off on Uniswap even as the coin continues to reach new levels.
This would be strange for a normal cryptocurrency, yet it's highly probable that KSI Token is only the latest in an endless supply of dubious meme tokens, which are pumped by their anonymous creators before being dumped onto latecomers.
There's currently no indication that there's anything like an organic development team or community behind the token, implying that it will inevitably come crashing down sooner or later, with little hope of a sustainable existence.
Still, there's no denying that it's currently one of the most-trending tokens listed on DEXTools, with at least some investors seemingly hoping to make a quick profit out of the token before its demise.
Timing a quick entry and exit may be too much for some
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