FOMO Coin Takes Off 80,114% on Solana and This Lesser Known Crypto Could be Next
In the latest Solana meme coin skyrocket, FOMO coin has witnessed a massive +80,114% FOMO price explosion, but could this lesser-known crypto be next?
This article will provide an analysis of FOMO’s current price trends and look to see whether a newer meme coin, SMOG, represents a more promising investment opportunity at this time.
$FOMO
Heard good team here , the ticker is good , 400k mcap , I’m gonna ape some sol.https://t.co/UHLNUT0baW
864tXF4yTGtpp9FW3znDDW4C5zjymaj5LtX27Jb155Y4
— TD.eth (@TonyDialgaX) February 5, 2024
The FOMO coin skyrocket appears to be a classic meme coin pump-and-dump move, with traders flocking to the token after promotion across Crypto X (formerly Twitter) ignited fear of missing out for sidelined investors.
As price action hammers down in a major cascading move, FOMO coin is currently trading at a market price of $0.30 (representing a 24-hour change of +1.87%).
This comes following a sensational launch, which saw FOMO coin climb a whopping +80,114% across 2-days following traction in Solana meme coin markets.
Fuelled by a surge of $62.4k in 24-hour trading volume, FOMO price hit an all-time high at $1.19 at 8AM (UTC) on February 26.
However, this was quickly followed by a seismic dump move, which has so far seen FOMO coin lose -74% across 3-hours.
The price correction appears to have been triggered by the suspension of the project’s X account, which has sent a shockwave through the holder community.
With panic running rampant, the high risks of meme coins are on full display, as investors scramble to sell their tokens against miniscule $21.96k liquidity.
Despite the sell-off, a potential support level around $0.25 could offer a glimmer of hope amidst the downside.
Yet, with FOMO coin’s market cap already
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