The Joe Rogan meme token has gained by more than 20,000% in the past 24 hours, with its price rocketing to $0.00001376 after the ROGAN/WETH pair was added to Uniswap yesterday.
This makes it the latest new meme coin to post massively above-average gains this year, although as with most other new meme tokens, it's very unlikely that ROGAN has any actual association with its source material.
Still, given just how new ROGAN is, it could continue to rally big in the near future, even if the threat of a rug-pull is always a real probability when it comes to meme tokens.
At the same time, it's just as likely to be overshadowed by a newer, more hyped meme coin, with Thug Life Token (THUG) showing through its increasingly successful presale that it may be the next big thing.
So far, ROGAN's chart shows that it's only going up, with no sign – yet – of a correction, crash or rug-pull.
However, because Joe Rogan Coin has come from out of nowhere and has no obvious community or team, it's very likely that it will dive in price sooner or later.
Its only real online trace is a Twitter account that has posted a single tweet, in which it's predicted that ROGAN will be "Making Moves Soon."
At the cost of appearing cynical, it's likely that ROGAN's issuer(s) knew it would be making moves precisely because they planned to pump it themselves, before inevitably unloading their bags on retail investors.
Still, there's no doubt that ROGAN's price has risen substantially since it appeared in a pairing with Wrapped Ethereum (WETH) on Uniswap yesterday.
And there's nothing like a rising price to attract traders who believe thay can enter and exit a market before it collapses.
As such, it would be unwise to completely rule out further gains for ROGAN,
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