BOT Token Surges 1,000% in 24 Hours But Experts Say It's a Scam – Here's the Coin They're Stacking Instead
Straight to DEX tokens remain the strongest performing coins this summer, and in the latest August skyrocket, fresh market-entrant Base Bot (BOT) token has exploded more than +1,000%.
This comes amid a surge in interest around telegram trading bots, which have engulfed trading activities in a frenzy over the past two months, with leading projects such as Unibot growing to an impressive $100m+ market cap.
Base Bot Price Analysis: Exceptional Performer or Certified Scam?
With price reeling after the huge upside DEX move, BOT is currently trading at $0.2352.
As sell pressure grows, a significant localized retracement move is underway, with price action bleeding-out -60% since the daily high at $0.575.
This comes following a jaw-dropping +1,190% pump, which gripped BOT / WETH markets as an influx of more than $100k in liquidity flooded into this star-shot at launch around 10 PM on August 1.
The sudden spike enticed more than 400 holders to race in, driving price up for 8 consecutive hours on a sensational moon shot that no doubt made ranks of investors rich.
But some are already raising the alarm on this project, and it's not because of the bleed-out retracement price action.
The concern arises because of a lack of locked liquidity, which could leave ranks of well-intentioned bag holders trapped holding tokens they cannot sell due to low liquidity at $41.5k (which is currently less than 25% of the $234k market cap).
With more than 300 of the 434 holders likely unable to sell, and a small liquidity pool that could vanish in the blink of an eye, analysts are raising the alarm, and already DEX traders are taking note and moving onto the next moon-shot project.
Biggest Meme Coin Sale of Q3 2023?
Born from the Occupy Wall Street culture, and emboldened by the NFT success of popular investor forum Wall Street Bets, Wall Street Memes is a meme coin with a difference.
With backing from an impressive community of more than +1m followers, this near sell-out token presale is rapidly growing to become the most anticipated meme coin launch since Pepecoin ($PEPE).
Hoping to build on the success of Wall Street Bet's top NFT project, the new $WSM token is poised to take the meme coin market by storm.
In a meme coin homage to the intrepid investors that took on Wall Street, $WSM is aiming to transform powerful community sentiment into a tangible asset - seeking not only to tokenize the anti-bank movement but also to redefine our perception of digital value.
But what really has investors flocking in, is its democratic price point at just $0.0328, the WSM presale has surged as a result rapidly reaching $20.41m.
With the speed of the presale growing faster by the day, there is a clear signal that investors could unlock lucrative gains with $WSM, not least because of the built in +30% for presale investors in the initial listing.
Major CEX's Tipped to List Wall Street Memes As Follower Count Surges Past +1M
In keeping with the original anti-bank philosophy, $WSM will be allocating 30% of the token supply to community rewards, with an additional 20% going towards liquidity, and 50% up for grabs in the presale - this is a democratic project for the masses.
And this no-team split has fuelled the project's explosive growth on social media, with the Wall Street Memes community now amassing an impressive +1m followers in the community - fuelled in part by interactions with none other than Elon Musk!
This explosive community growth is likely to incentive major CEX listings such as Gate.Io, which could propel the $WSM token on an incredible moonshot.
With a proven track record stemming from the success of the Wall Street Bets NFT collection, this project continues to thrive off the original moment in history when $WSM exploded onto the scene.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.