HARIBO Token Skyrockets 11,000%, Leading a Meme Coin Resurgence as a Rival Coin Nabs $9 Million
Solana meme coin markets show no sign of slowing down post-halving amid a wave of 4/20-inspired confectionary meme coins that have exploded over the weekend and HARIBO price is leading the pack.
This article explores how Haribo’s price hammered 11,000% gains and uncovers the next big meme coin set to skyrocket in the macro Summer.
$Haribo careful!
Dev put 100% of supply to LP and then immediately used a different wallet to buy over 66% of the total supply. Then used those to spread between many wallets.
Basically you are getting soft rugged by over 66% of supply. Do what you want with that. More details in… pic.twitter.com/bdapsq7FTT
— Kakashi (@kkashi_yt) April 21, 2024
Yet, despite the impressive gains, Solana meme coin analysts on Crypto X have been raising the alarm, warning of a potential soft-rug pull by the developer.
As price action re-tests upside resistance, HARIBO is currently trading at a market price of $0.05098 (representing a 24-hour change of +35.95%).
This comes after HARIBO launched at 13:00 UTC on April 21, in a move that gained instant traction amid a breakout trend for candy-themed cryptocurrencies.
Frenzied volume saw HARIBO price shoot up +11,000% in just 3 hours of trading, with price rallying to hit an all-time high at $0.1244 around 15:00.
The hours since saw early backers take profit, fuelling a -90% retracement move – further exacerbated by added sell-pressure from the malevolent developer.
Yet, after an impressive display of consolidation above the bottom support level at $0.0068, recent hours have seen upside momentum resume – with HARIBO price so far climbing +515% to retest resistance at $0.07.
A successful break-high here could leave HARIBO with a bullish panhandled technical pattern, suggesting a
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