WOJAK Token Rockets Up 5,000% in 24 Hours But Experts Say It's a Scam – Here's the Next Crypto to Explode
In the latest straight to DEX pump, spin-off meme coin Wojak (WOJAK) has surged an eye-watering +5,000% in just 8 hours as DEX launched coins continue to dominate big moves.
Based on the original WOJAK token, which saw an impressive +1,500% back in the April meme season, this DEX-launched spin-off WOJAK brands itself as 'Wojak on BASE'.
Launched at 12:00 on Monday July 31, the WOJAK token saw a slow open on the market, with an initial 700% pump up to $0.0625 across the first 5 hours.
The steady upside move caught the attention of eagle-eyed DEX traders, and a significant influx of $84k in trading volume fuelled an explosion in price action with WOJAK pushing up an additional +418% over the following 3 hours.
With volume flooding in, early backers saw their initial investments surge from $0.0730 to a monumental $0.051225 bringing total gains to +5,000%.
But despite emboldened ranks of 171 holders, alarm bells began ringing on the supercharged move, with only $12k of liquidity available to DEX traders.
Panic ensued the market, triggering a cascading dump which saw price bleed-out -65%, this was followed by a fleeting exit rally, before a final seismic move down brought altcoin top buyer losers to -72.5%.
With technical structure collapsed, it seems the short lifecycle of this WOJAK spin-off token is finished, and smart money has already began rotating DEX profits into an exploding meme coin presale capturing the winds of the Summer meme season.
Born from the Occupy Wall Street culture, and emboldened by the NFT success of popular investor forum Wall Street Bets, Wall Street Memes is a meme coin with a difference.
With backing from an impressive community of more than +1m followers, this near sell-out token presale is rapidly
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