Kanye (YE) Token Surges 5,000% Amidst Celebrity-Themed Meme Coin Orchestration

FLOKI experienced a significant 13% price increase over the last 24 hours. It outperformed other major meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), which had varied performances during the same timeframe.

FLOKI surged by 13% in the last 24 hours, outperforming other meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE).

According to market data, FLOKI price rose from $0.0001266 to $0.000145 before settling around $0.0001326, indicating a clear departure from a prolonged bearish trend.

This price increase was accompanied by a rise in trading volume, suggesting a strong bullish momentum. Notably, other tokens also made significant gains.

Here's a snapshot of the most searched cryptos on GeckoTerminal today.

Most Searched Cryptos on GeckoTerminal Today

The Kanye token (YE) is currently valued at $0.7699, which is approximately 0.003837 SOL. Meanwhile, the Toshi token (TOSHI) is priced at $0.0007189, equivalent to 0.062535 SOL. The ALPHA token has shown significant market fluctuations, indicating investor sentiment and a shift in trading behavior. Similarly, the TRUMP token has shown notable price variations, reflecting broader market interest and investor activity.

Solaxy (SOLX), a Layer-2 scaling solution designed for the Solana network, has gained traction, raising over $17 million in its presale. This achievement has attracted considerable attention within the crypto community.

However, concerns have emerged about how a questionable operator based in Dubai leveraged celebrity-themed meme coins to orchestrate a crypto-related scheme.

1. Kanye (YE)

The Kanye token (YE) currently trades at $0.7699, which is approximately 0.003837 SOL. Over the last 24 hours, YE has experienced a dramatic increase of 5,048.1%. However, the token has declined in shorter time frames, with a 7.68% drop in the last 5 minutes, a 19.39% decrease over the past hour, and a significant rise of 813.06% in the last 6 hours.

Trading activity for YE has been substantial, with a 24-hour volume reaching $33.68 million and a total of 106,190 transactions. The buy-sell ratio shows 59,847 buy transactions against 46,343 sell transactions, indicating a higher buying interest. The liquidity stands at $568.66K, which is relatively modest given the trading volume. YE has 11.97K holders, and it has been in existence for a year. The Fully Diluted Valuation (FDV) and Market Cap are at $7.6 million, aligning with its current market dynamics.

YE’s price action shows initial volatility with a sharp upward trend following a period of consolidation. The volume has significantly increased during this surge, with the highest volume occurring around the peak of the price increase. After reaching a high of around $1.4, there’s a noticeable correction, with the price stabilizing near $0.8001, which is acting as a support level.

The Kanye token has shown extreme volatility, with a massive price increase over the last day. The high trading volume and number of transactions suggest strong market interest, but the recent short-term declines indicate some profit-taking or market correction. Given its age and the current market behavior, investors should approach it cautiously, considering the speculative nature of such tokens.

2. Toshi (TOSHI)

The Toshi token (TOSHI) currently trades at $0.0007189, equivalent to 0.062535. Over the last 24 hours, TOSHI has experienced a decline of 11.97%. In shorter time frames, the token has seen a slight decrease of 0.64% in the last 5 minutes, a drop of 5.54% over the past hour, and a decrease of 4.21% in the last 6 hours.

Trading activity for TOSHI shows a 24-hour volume of $4.08 million with 2,564 transactions. The buy-sell ratio is nearly balanced, with 1,277 buy transactions against 1,287 sell transactions. The liquidity stands at $4.97 million, suggesting a robust market for trading. TOSHI has an impressive 515.03K holders, indicating widespread adoption, and it has existed for a year. The Fully Diluted Valuation (FDV) and Market Cap are at $302.41 million and $302.42 million, respectively, reflecting its market standing.

TOSHI’s price action shows a