Elluminex Could Be the Next 100x Token as Pepe Coin Holders Turn Their Focus to the Promising New Viral Coin

Last year saw several crypto assets achieve spectacular growth. The latest bull market only compounded these gains, leaving traders hungry for more.

Pepe Coin (CRYPTO: PEPE) holders are turning their attention to Elluminex (CRYPTO: ELX), a promising new viral coin.

Pepe Coin saw spectacular growth last year, and as the latest bull market compounds these gains, traders are hungry for more. Pepe Coin was among the tokens that saw these gains, increasing over 30,000% in the last few years.

Pepe Coin is currently among the biggest memecoins, but its potential upside is limited. Traders looking for similar gains should be looking for new projects, and one of the most promising ones is Elluminex, a DeFi token promising to transform the TON ecosystem.

What Happened: Pepe Coin is currently the fourth-biggest memecoin by market capitalization. The token used to be the third-largest memecoin before the sudden rise of the Official Trump Coin. This development has investors on edge, and Pepe Coin has seen significant volatility.

Last week, Pepe Coin dropped 16.71% to its current price of $0.00001542. This comes after a year of strong growth, and Pepe Coin is still up 1420.30% from the same time last year.

Recent on-chain data showed large whale activity, as the “0x8f5” address withdrew 280 billion Pepe Coins from Binance, which is valued at around $5 million. This whale activity could indicate large movements, which will likely increase volatility.

Technical indicators are showing mixed signals for Pepe Coin, with weekly oscillators being mostly bearish and moving averages being mixed. Short-term moving averages are indicating sell, which shows slowing momentum for Pepe Coin.

Related Link: Pepe The Frog Meme Coin Surges 1400% In Past Month, Here's Why

Why It Matters: Elluminex is just getting started, as Pepe Coin saw spectacular growth. Elluminex is a DeFi hub for TON, which is the fastest-growing chain. Its strong fundamentals give it the potential to replicate some of the largest bull runs.

Last year, the TON ecosystem showed spectacular growth, with the number of wallet addresses on the network increasing by 3380%. Network Total Value Locked also increased 8x, reaching a high of $740 million. Telegram integration drove this increase in activity, with engaging games like Notcoin.

Despite strong metrics, TON's DeFi ecosystem is still in its early stages of development. As a result, traders are betting that Elluminex could change the narrative.

Elluminex’s network of cross-chain bridges will connect TON to 40 major blockchains, bringing in much-needed liquidity to help stabilize asset prices and boost confidence in the network.

Cross chain bridges also enable Elluminex to offer trading with low slippage, which is crucial for making profit. This aspect has the potential to attract more traders to TON.

When Uniswap launched on Ethereum (CRYPTO: ETH), it helped increase ETH’s price from $200 to $1,000 in a single year. Elluminex also offers advanced trading features, including an AI Portfolio tracker, which will give actionable insights based on real-time data. This feature will help level the playing field for traders, making trading more accessible than ever.

Thanks to its advanced features, Elluminex has the potential to become a premier DeFi hub on TON, positioning it for significant growth in 2025.

To learn more about Elluminex, visit the website, Twitter and Telegram.