Zuck Meme Coin Blasts Up 30,000% and Crypto Experts Say Wall Street Memes is the Next Best Low Cap Gem – $13 Million Raised Already
The price of Zuck Coin (ZUCK) has risen by more than 130% in the past 24 hours, with the new meme token enjoying a 30,000% gain since it first listed on Uniswap a few days ago.
The coin remains in the ascendancy and has not really experienced a significant dip since its launch, yet it's still very, very early in its life cycle, and if 2023 has taught us anything, it's that most new meme tokens dump hard – and permanently – after an initial pump.
As such, traders should perhaps be wary about timing any possible entry into ZUCK's market, with less risk-averse buyers possibly advised to look elsewhere for market-beating gains.
One coin with good potential for providing such gains is Wall Street Memes (WSM), which has raised more than $13 million in its presale already, providing a strong message that it will be supported once it lists on exchanges.
ZUCK's chart shows a similar pattern to other new meme tokens we've covered in the past few days and weeks, whch is that it has enjoyed an initial pump out of nothing and, after a couple of very small dips, has flatlined over the past few hours.
It's also worth pointing out that the vast bulk of its trading volume fell within the first hour of its listing, which is kind of strange for a coin that no one had probably heard about up until then.
And with the coin's volume now reduced to almost nothing after it hit a new record high, it's almost as if the token's major holders are waiting for an influx of retail investors on whom to dump it.
For this reason, traders need to be wary if they hope to buy some ZUCK in the hope of making a quick profit, offloading the coin before it collapses.
It's interesting to note that ZUCK's Twitter account also looks much the same as many other recently
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