Clown Token Takes Off Overnight with 25,750% Gains But Crypto Whales Say It's a Scam – Here's the Coin They're Accumulating Instead
As DEX token continue to dominate big market moves, ClownCoin (CLOWN) has become the latest entrant to undertake a skyrocket pump after a magnificent +25,750% launch last night.
The impressive move comes following a huge surge of almost $800k in volume, as DEX traders show no sign of relenting in their hunt for the next supercharged rally.
At 2am on August 10, a trickle of volume began to pour into an inactive DEX token called ClownCoin driving an initial +1,000% move.
The seismic candle caught the attention of DEX markets, and traders rushed to take position in an emerging moon-shot, this caused volume to snowball, and in just 10 hours volume had flooded to $794k.
With a huge influx of more than 350 holders, a whopping 2.44k transactions caused price to explode, from a launch price of $0.0191 to a current trading price of $0.0001916.
ClownCoin's market cap is now stood at an impressive $1.84m, bringing on paper gains for early backers to a jaw-dropping +25,750%.
Yet, despite the dream-come-true price action, experts are now warning that CLOWN could be a scam coin.
When ClownCoin's token address is checked by Honeypot.is - an Ethereum honeypot detector - it emerged that countless unsuspecting bag holder's wallets have been siphoned following their interaction with ClownCoin.
This leaves 356 bag holders vulnerable, despite their seemingly alluring gains, but while ClownCoin holders are left feeling like the butt of the joke - smart money have already moved onto a meme coin presale competing to become the biggest of 2023.
As the meme coin vertical makes a resurgence, there is one project on everyone's watchlists and it's not Dogecoin or JIM, the latest market entrant making waves on Crypto Twitter is Wall Street Memes.
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