Meme coins are once again heating up on leading DEXs like Uniswap, and today's market has already witnessed impressive pumps for feel good projects such as $HOPPY, $WOLF, and $POP.
After a strong year for the meme coin vertical, straight to DEX token launches have enjoyed something of a renaissance as of late, and leading DeFi trading app DEXtools provides insights into the best performing assets in the market today.
Leading the pack with an impressive+ 250% pump throughout the morning is $HOPPY.
Launched on July 15, this frog-themed coin has seen a tsunami of volume with $5m flooding in from 3.2k holders.
Currently ranked as the #2 hottest coin on DEXtools, $HOPPY surged from a starting price of just $0.081 to an impressive $0.0735 in a matter of less than 24 hours.
But some are now fearing that despite a market cap of $3m the best could be over, as a significant retracement move (-80%) has seen technical structure shatter.
The downside move has left loyal token holders in the dust at $0.086882 - a reminder of the dangers of DEX pump trading.
In another stunning example of the highs and lows of DEX trading, $WOLF token saw a similarly choppy run that has left over a thousand holders out of pocket.
The $WOLF token was minted and launched on July 13 at $0.00005, and saw an explosive opening day, undertaking a +4,600% pump straight out of the gate to hit $0.01.
Over a choppy week since, $WOLF has taken an astronomical run, blasting +27,600% to an all time high at $0.01825.
However, it seems things could be over for this one-week sensation, following a cascading bleed-out triggered by collapsing price action on July 16.
This has left 1.6k holders enduring a tumultuous -86% bleed-out over the past 48 hours, leaving many to wonder
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