As on-chain activity continues to thrive, PogeX token (POGEX) has emerged as the latest DEX-launched moon-shot following a monumental +1,125% overnight rally.
This comes amid heightened volatility in DEX markets; triggered by a break-out on-chain summer in August which has seen substantial growth for Telegram trading bots such as Unibot and Blacksmith.
PogeX positions itself as the first centralized exchange (CEX) to focus primarily on meme coin spot and derivatives products, and subsequently refers to itself as the next big meme project.
The token is owned by leading crypto influencer Selena Royf; a prominent figure in the meme coin vertical on crypto twitter – with an army of more than 85.5k followers.
With the PogeX token contract appearing to pass most audits this project seems intent on unlocking unhinged growth, and although the contract does contain a 3% buy-sell tax (identified by GoPlus’ security audit) – things appear to be just getting started.
POGEX Price Analysis: Will PogeX Skyrocket Stall After +1,250% Rally?
As European markets awaken and take stock of the moon-shot price move, PogeX is currently trading at a market price of $0.008132 (representing a 24-hour change of +1,081%).
This comes following a dramatic multi-leg rally, which saw PogeX climb from a launch price of $0.00065 to a (current) all-time high at $0.0085 in just 24-hours.
PogeX was first launched on September 16, and saw an initial 3-days of marketing before hype took off at 16:00 on September 19 with an initial +60% candle attracting the attention of eagle-eyed DEX traders.
The promotion campaign garnered significant attention on Crypto Twitter, leading to a 190% pump over the first 4-hours.
With technical structure entering a break-out pattern by 19:00 on September 19, markets became supercharged as a flood of volume – drawn in by the emerging moon-shot – send price flying high to $0.0043.
This triggered the first major consolidation for PogeX, which proceeding to spend the next 12-hours battling through a tough range of resistance between $0.004 and $0.006.
In a well-defended display by diamond-handed PogeX bag-holders, PogeX formed double-bottomed support during consolidation – priming price action to push higher once more amid a wave of $1.65m in volume.
This triggered the additional +97% pump to bring PogeX to current trading levels around the $4.4m market cap, with early-backers now sat atop jaw-dropping +1,180% gains and the number of holders rapidly approaching the 1,000-mark – this project shows few signs of slowing.
Indeed, even over the last hour buy-pressure has remained dominant accounting for 60% of the 96 transactions, suggesting on-chain sentiment remains bullish here.
And this is reflected in the impressive liquidity behind this project; with $455k locked to ensure happy trading in coming days and weeks.
But while PogeX appears to be showing no sign of slowing down soon, the meme coin vertical is an ever-growing space, and in other news one of the biggest meme coin presales of 2023 is heading for its first CEX listing.
Less Than a Week until Wall Street Memes CEX Launch After $25M+ Presale Funding
Wall Street Memes emerged as one of the biggest meme coin presales of 2023 over the past few months, with the seed funding rounds amassing more than $25m from early backers.
Bolstered by the support of this over 1m+ strong community, this rockstar project is expected to make substantial gains upon an upcoming CEX launch in just 5 days – lets deep dive why.
Exploring: Why is Wall Street Memes Expected to Explode on Tier-1 CEX?
In a testament to the skyrocketing growth, the $WSM token community now stands one million strong, with the presale exceeding all expectations to amass over $25 million in presale funding – now standing as the biggest meme coin presale of 2023.
The humungous feat is almost unprecedented for new meme coin projects that are yet to even hit the DEX markets, and investors are taking notice as the project emerges as a top choice for the biggest coin CEX launch of Q3 2023.
In a meme coin homage to the anti-bank investors that took on Wall Street, $WSM is aiming to transform powerful Wall Street Bets community sentiment into a tangible asset – seeking not only to tokenize the anti-bank movement but also to redefine our perception of digital value.
But what really has investors flocking in, is its democratic price point at just $0.0337, which has allured thousands of early backers given the WSM presale has surged with $25m raised.
Furthermore, there is a clear signal that investors could unlock lucrative gains with $WSM, not least because of the built-in +30% for presale investors in the initial listing.
Whales Surge into Wall Street Memes Presale Following Huge $840k Purchase
In one instance that stands to show the excitement around this meme coin, a crypto whale invested $1 million in the Wall Street Memes $WSM presale in early August – maybe it was Elon Musk?
The mystery whale address purchased $WSM in five transactions amounting to 460 ETH valued at $840,000 executed over six minutes.
A further 93 ETH were made from the same wallet two weeks earlier. In total, $1 million has been invested in $WSM by the mystery crypto whale.
The crypto whale purchases are a significant vote of confidence in Wall Street Memes and its return on investment potential.
The $WSM crypto whale’s token purchases can be seen on Etherscan.
The same whale address also bought 93 ETH worth of $WSM in a prior transaction.
Wall Street Meme’s Presale Community Breaks Monolith 1M+ on Crypto Twitter
In keeping with the original anti-bank philosophy, $WSM will be allocating 30% of the token supply to community rewards, with an additional 20% going towards liquidity, and 50% up for grabs in the presale – this is a democratic project for the masses.
And this no-team split has fuelled the project’s explosive growth on social media, with the Wall Street Memes community now amassing an impressive +1m followers in the community.
This explosive community growth is likely to incentive significant growth at the upcoming CEX launch in 23 days, which could propel the $WSM token on an incredible moon-shot.
And with long-term holding incentivized by Wall Street Meme’s novel staking mechanism – which boasts an eye-watering 282% APY – this token seems destined to explode.
With a proven track record stemming from the success of the Wall Street Bets NFT collection, this project continues to thrive off the original moment in history when $WSM exploded onto the scene.
Don’t miss your chance to secure a slice of the next skyrocketing meme token – connect with Wall Street Memes on Twitter and Telegram.
Buy $WSM Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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