Meme coins have once again gained momentum on top decentralized exchanges (DEXs) like Uniswap. 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 experienced a renaissance. DEXtools, a leading DeFi trading app, 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 massive influx of volume, with $5 million flooding in from 3.2k holders. Currently ranked as the second hottest coin on DEXtools, $HOPPY surged from a starting price of just $0.081 to an impressive $0.0735 in less than 24 hours. However, some fear that the best could be over as a significant retracement move of -80% has shattered the technical structure. This downside move has left loyal token holders in the dust at $0.086882, serving as 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 volatile 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, experiencing a 4,600% pump to hit $0.01. However, over the past choppy week, $WOLF has taken an astronomical run, skyrocketing by 27,600% to an all-time high of $0.01825. Unfortunately, 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 whether $WOLF is well and truly finished.
One straight-to-DEX token that seems to break this pattern is $POP (Proof of Pepe), a Pepecoin spin-off. This unlikely ERC-20 token is enjoying the afterglow of a surprise $PEPE recovery rally, and things are looking up as 24-hour volumes surge towards $500k. $POP was launched on July 9, and an initial moonshot of +10,000% appeared to end quickly in a typical pump-and-dump fashion, with a -90% outflow. However, steadfast holding from a legion of 1.34k $POP fans held true, and six days later, $POP posted a second run to an impressive all-time high at $0.003555. This brought early investors paper gains of a jaw-dropping +108,000%, positioning it as one of the best token trades of July. Despite a second retracement that saw $POP fall by -70% from this all-time high, price action today indicates a recovery (+64%) driven by the price movements in the original $PEPE coin, leading some to believe that all is not yet over.
Finally, in a market flooded with meme coins, Evil Pepe Coin ($EVILPEPE) stands out as an innovator with exponential growth potential, rather than a mere imitator. This audacious cousin of 2023’s best-performing meme coin, Pepe Coin, is set to ride the wave of its predecessor’s success with a twist of its own. With an initial valuation of a mere $2 million, $EVILPEPE presents a ground-floor opportunity for potential investors. Backed by proven teams that brought us Thug Life Token ($THUG) and SpongeBob ($SPONGE), $EVILPEPE is expected to replicate or even surpass the success of these meme coins, which saw gains of up to 100x.
However, $EVILPEPE’s prospects do not solely rest on its team’s pedigree. Its marketing approach leverages influencer partnerships and strategic promotion across social media and crypto news outlets, ensuring wide visibility – an essential ingredient for growth in this space. The success of $THUG and $SPONGE attests to the efficacy of this strategy. Moreover, $EVILPEPE’s commitment to the community is reflected in its initial token offering. With 90% of its supply available during the presale and a one-month lock on 10% for DEX liquidity, the coin reassures investors about stability and fairness. It sidesteps pump-and-dump pitfalls and instills confidence in its serious commitment to long-term value generation.
The $EVILPEPE team has set an ambitious market cap goal of $100 million, which is nearly 50 times its initial valuation. This, coupled with the team’s dedication to pushing boundaries in the meme coin space, underlines the immense growth potential of this new entrant.