This week DEX markets have seen another massive tremor, led by tech maestro Elon Musk, the launch of the 'X' meme token, deftly timed with Musk's surprising Twitter-to-X.com rebrand, has pushed the token's value to an astonishing +4,300% overnight.
Musk's moon-shot move has once again disrupted the market, nudging cryptocurrency valuations to their zenith.
Yet, as Musk busied himself with revising Twitter's online aesthetic, creators of the rapid-launch 'X' meme token remained undeterred.
In the dead of night at 4 am, the 'X' token was unleashed onto crypto markets, triggering an extraordinary initial trading frenzy.
The nascent stages of the X token’s launch were met with modest growth, soaring a mere +500%.
However, as news about Musk's latest venture swept across the globe over the weekend, a tidal wave of trading activity catapulted the token's value into uncharted territory.
By the sixth hour of trading, early adopters sat atop a staggering +3,400% gain as trading volumes exceeded $1.34m, pushing the token's peak value to $0.58.
This represented a mind-boggling +4,300% surge from its original listing price of $0.0135.
However, this exorbitant leap was not destined to last, despite recording an impressive 8.92k transactions and amassing more than a thousand holders in a day, the token's value plunged by -78%.
Still, crypto enthusiasts are already scouting the next potential goldmine.
The Wall Street Memes token ($WSM) pre-sale is causing quite a stir within the meme coin community.
Already amassing an unprecedented $17.5 million, it is rapidly becoming one of 2023's most significant pre-sales.
The $WSM token is no ordinary meme coin; it was born from a 2021 insurrection against Wall Street.
Its soon-to-be-released roadmap,
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