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Cryptocurrency News Articles

$JANET Memecoin Inspired by AI NPC Women Sees a Surge in Trading Activity

Oct 25, 2024 at 03:48 pm

The $JANET memecoin, inspired by AI NPC women, is seeing a remarkable surge in trading activity, with its 24-hour volume skyrocketing to $19.7 million.

$JANET Memecoin Inspired by AI NPC Women Sees a Surge in Trading Activity

A new Ethereum ($ETH)-based memecoin, $JANET, has attracted the attention of crypto traders with its impressive 24-hour trading volume, which has reached $19.7 million.

Inspired by AI NPC women, $JANET has seen a surge in activity as it becomes the first AI meme project on Ethereum. With over 2,600 holders, the token has experienced a strong upward momentum.

As $JANET continues to rally, it has now formed its first Bull Flag pattern and recently broke out, indicating further bullish potential.

🐋 A prominent crypto trader (wallet: 0x9bad) has purchased 5.36 million $JANET tokens over the past 22 hours.

This trader, known on Twitter as @HopiumPapi, is followed by over 100K people and often shares his crypto trades with his followers.

Some of his notable gains include making $500.7K from $PEPE (gaining 1,300%), $5.9 million from Bitcoin (gaining 2,000%), and $396.7K from $SPX (with a 582% increase).

Currently, his top holdings are:

1. $BITCOIN: 23.02 million tokens valued at $6.1 million.

2. $SPX: 1.4 million tokens, worth $1.08 million.

3. $JANET: 5.36 million tokens valued at $66.1K.

With key opinion leaders (KOL) accumulating $JANET, the token could see further growth as the meme token market continues to evolve.

The Impact of KOLs on Crypto Markets

In recent years, key opinion leaders (KOLs) have played an increasingly significant role in shaping the cryptocurrency markets.

With large followings on social media platforms like Twitter and Telegram, these personalities can influence the buying and selling decisions of traders and investors.

Some KOLs are known for their in-depth market analysis and trading strategies, while others focus on sharing the latest crypto news and updates.

Irrespective of their approach, these personalities can generate substantial hype around particular coins or tokens, leading to rapid price movements.

However, it’s crucial to note that not all KOLs are created equal. Some may have a genuine interest in helping their followers succeed, while others might be solely motivated by profits.

As such, it’s always important to do your own research and not blindly follow the trades of any single personality.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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News source:themerkle.com

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Other articles published on Nov 15, 2024