In the latest Twitter X-rebrand-themed, Elon Musk-inspired meme coin skyrocket - XX token (XX) has exploded +1,000% in a moon-shot move.
Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless pump-and-dump moon-shots, including DEE, APX, FTX, Blinky, DRS and SNOR.
With no known utility, XX token can be regarded as a meme coin in the truest sense, but this hasn't stopped scours of investors flooding in to amass a whopping $1.48m in 24-hour trading volume.
Amid the dramatic meme coin moon-shot, XX token is currently trading at a market price of $0.087 (a 24-hour change of +1,872).
At only 15 hours old, XX token is yet to undergo a full day on the markets, yet, it has already outperformed some of the biggest coins in the space.
Launched at midnight on October 12, XX token saw slow initial traction, pushing up +345% in the first 6-hours.
Until at 6AM, eagle-eyed traders - noticing the steady gains - flooded into the chart in a flurry of 1,200 transactions, sending prices flying.
The sudden influx of volume triggered a magnificent moon-shot move, as price action surged up a further +319% over the following 2-hours.
A brief -47% localized retracement at 9AM caught the interest of late entries, and this triggered a second surge up to an all-time high at $0.13 - bringing returns for early backers to an impressive +2,911%.
Now sat at a $765k market cap, the chart looks strong here, with many meme coin launches hitting $2.5m market caps - this suggests the propensity for a 3.2x return from here.
Although a recent wave of strong jeeting behavior amongst holders risks everything - leaving some questioning whether XX token could be too good to be true.
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