|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Solympics Explodes 412% In Value Amidst Rug Pull Controversy
Jul 24, 2024 at 03:15 pm
Solympics (SOLYMPICS) is an Olympics-themed meme coin on the Solana blockchain. In the last 24 hours, the token has skyrocketed 412.75% all the way up to $0.003633 per token.
Meme coins are rallying following the market downturn with WIF, DOGE, TURBO, and MEW among the top gainers.
As we head into another meme coin season, investors are eyeing the Olympic Games to propel meme coin growth.
Tokens like SOLYMPICS have already pumped massively, while others like Meme Games are putting up impressive numbers in their presale.
Solympics Explodes 412% In Value Amidst Rug Pull Controversy
Solympics (SOLYMPICS) is an Olympics-themed meme coin on the Solana blockchain. In the last 24 hours, the token has sky-rocketed 412.75% to trade at an average price of $0.003633 per token. The token's launch has been an exciting event for all holders, giving them an opportunity to get a quick 4x return on their investment.
However, Solympics is quite controversial when it comes to token distribution. As the coin trended on Dexscreener, X (Twitter) user Shrebobo noticed the token’s supply is disproportionally held by a few people. This piqued their interest and led them to speculate the coin may experience a massive dump.
Other X (Twitter) users noticed Solympics’ market cap jumped to over $1.6 million straight after launch. The token's developers bought at least 32 $SOL worth of the token and then distributed it among multiple wallets, raising investors’ concerns about a rug pull.
Crypto Rug Muncher, an anti-scam influencer with over 20,000 followers on X (Twitter) recently highlighted the coin with 89% of the tokens being sniped on block 0.
Olympics-Themed Tokens To Be The Next Big Thing?
Since most meme coins possess little utility, theming, marketing, and branding are crucial in their success. For example, cat-themed meme coins like cat in dogs world(MEW) grew significantly over the past week due to their cat themes clashing with the familiar dogs in the space.
The Olympic Games are among the biggest regular events in the world, with a global audience of over 3 billion in 2020. This, alongside the recent appeal of NationFi- tokens helping holders express their national pride, makes the perfect storm for high-quality meme coins.
The combination of NationFi and current events lends itself well to meme coin marketing efforts. If an Olympics-themed coin can manage to go viral during the Olympics, it’s sure to see a massive surge in value. The Olympics also tend naturally toward organic growth, with sheer national pride being an excellent motivator for holders to share their experiences.
Since the Olympics only happen once every 4 years, the long-term potential of these coins is questionable, but they’re capable of massive gains in the short term. Investors are looking at a promising new ICO to make the most of this.
The Meme Games Takes Center Stage With Over $200K Raised In First Week Of ICO
The Meme Games (MGMES) is a brand new Olympics-themed meme coin currently in its presale stages. The presale has been out for a week, and the token has already raised over $200,000 on the strength of its premise and marketing.
The Meme Games lets buyers bet on top meme coins as they compete in Olympics-style events. The available contenders are Turbo The Speedster, Doge The OG, Brett The Conqueror, WIF The Trendsetter, and Pepe The Versatile.
The games are fair and accessible, with each competitor having a 20% chance of winning an event. You can bet on a new competitor every time you buy MGMES, winning 25% of your purchase amount in MGMES if the one you bet on won the event.
The token has already picked up the attention of big names in the space, with the likes of Cryptonews predicting a bull run on MGMES’ DEX launch. Selling at $0.00905 per token, this might be the lowest we see the token go.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- 5 New Crypto Tokens That Can 10x or 100x Your Money
- Sep 25, 2024 at 12:45 am
- Crypto traders are always looking for new opportunities to 10x and 100x their money. Today, we will be looking at five tokens, Pepe, Ripple, BNB, FET, and Cutoshi, and see which one has the biggest potential for massive gains.
-
- Dogecoin (DOGE) vs GoodEgg (GEGG): Which Meme Coin Will Outperform in 2024?
- Sep 25, 2024 at 12:25 am
- For years, Dogecoin (DOGE) has been the king of meme coins, capturing the hearts of millions with its playful Shiba Inu mascot and the support of
-
- The Open Art (TONX) – A Night Where Innovation Meets Freedom of Expression
- Sep 25, 2024 at 12:25 am
- The Open Art, hosted by Blum, TONX, and TON Society during Token2049, is an event where attendees get to immerse in a night where innovation meets freedom of expression.
-
- Lunex (LNEX) Network: A Revolutionary DeFi Protocol Connecting All Isolated Blockchains into One Non-Custodial Exchange
- Sep 25, 2024 at 12:15 am
- The crypto market has several DeFi exchanges like Uniswap and PancakeSwap, but none of these allow users to exchange cryptos across different blockchains.
-
- SUI and AVAX Surges After the Fed Rate Cut: What's Next?
- Sep 25, 2024 at 12:15 am
- The recent Federal rate cut, which many people take for bad news, was actually a blessing in disguise for cryptos such as Sui (SUI) and Avalanche (AVAX).
-
- Ripple (XRP) Price Prediction: Can XRP Deliver an Explosive Price Gain Soon?
- Sep 25, 2024 at 12:15 am
- A closer look at the crypto market reveals the immense gains many digital assets have delivered in preparation for the year's final quarter.
-
- ALEO Airdrop is Live — Claim Your Free Tokens!
- Sep 25, 2024 at 12:15 am
- Claiming your blockchain ALEO tokens is easy! Just adhere to these quick steps and start using your tokens immediately.
-
- Malone Lam is trending, this time as a hot meme that has risen to become one of the top trading pairs on decentralized exchanges
- Sep 25, 2024 at 12:15 am
- According to on-chain data, the Malone/Solana (SOL) trading pair on the Raydium DEX skyrocked more than 1,000% in 24 hours.