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X2 Token Blasts Up 14,000% Before Dramatic Rug-Pull and Crypto Analysts Say This Crypto is Next to Explode – 100x Potential?

Sam Cooling
Last updated: | 4 min read
Pixabay / Joa70

As On-Chain Summer continues to grip DEX markets, X2coin (X2) has undertaken the latest skyrocket pump, after an overnight explosion fuelled a +14,000% skyrocket.

The huge move comes amid a community-wide frenzy for straight-to-DEX on-chain projects, which in previous weeks have seen major narratives such as Telegram trading bots and Twitter X-themed post dramatic moon-shots as trading volume on DEX explodes.

And in the latest, X2coin has emerged as today’s breakout coin, a spin-off of previous Elon Musk inspired, X-themed tokens, launched on the promise of replicating the success of other Musk-pump tokens.

X2Coin Price Analysis: X2 Revealed As Scam After Dramatic Rug Pull

Amid the dramatic price moves, X2Coin is currently trading at a market price of $0.0003289 (representing a 24-hour change of +6,911%).

Launched at just 2:30AM on September 7, X2coin met initially slow traction in the opening 5-hours of trading, with price moving just +500% – in a tightly controlled price range.

DEXtools / X2 USD

However, at 5AM this morning, as European markets began to come online, X2Coin exploded – in a magnificent +1930% move that saw price surge up to hit the $0.00025 price level.

But despite the sudden influx of volume, the upside move failed to capture the attention of markets – with a further 4-5 hours of tightly controlled consolidation following.

Then at 7:30, a well-defended leg-up catalyzed into a frenzy of volume, with more than $339k flooding over the subsequent 10 hours.

As almost 300 holders surged to take position, price skyrocketed up to an all-time high at $0.00078 – bringing gains for early backers to a majestic +14,000%.

However, as the saying goes all good things must come to an end – and the dramatic push up has been met with an equally dramatic retracement move which is underway – leading some to allege an unfurling rug pull.

DEXtools / X2 USD

But while almost 300 bag-holders sit in despair, as the dust settles, smart money has already began flocking to the biggest meme coin CEX launch of 2023.

Don’t Miss: Wall Street Memes $25m Presale Heads for Major Tier-1 CEX Listing 

Source / Wall Street Memes

Wall Street Memes emerged as one of the biggest meme coin presales of 2023 over the past few months, with the seed funding rounds amassing more than $25m from early backers.

Bolstered by the support of this over 1m+ strong community, this rockstar project is expected to make substantial gains upon an upcoming CEX launch in just 21 days – lets deep dive why.

Deep-Dive: Why is Wall Street Memes Expected to Explode?

In a testament to the skyrocketing growth, the $WSM token community now stands one million strong, with the presale exceeding all expectations to amass over $25 million in presale funding – now standing as the biggest meme coin presale of 2023.

The humungous feat is almost unprecedented for new meme coin projects that are yet to even hit the DEX markets, and investors are taking notice as the project emerges as a top choice for the biggest coin CEX launch of Q3 2023.

In a meme coin homage to the anti-bank investors that took on Wall Street, $WSM is aiming to transform powerful Wall Street Bets 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 $0.0337, which has allured thousands of early backers given the WSM presale has surged with $25m raised.

Furthermore, 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.

Whale Wallet Sweeps Wall Street Memes Presale With $840k Purchase

In one instance that stands to show the excitement around this meme coin, a crypto whale invested $1 million in the Wall Street Memes $WSM presale in early August – maybe it was Elon Musk?

The mystery whale address purchased $WSM in five transactions amounting to 460 ETH valued at $840,000 executed over six minutes.

A further 93 ETH were made from the same wallet two weeks earlier. In total, $1 million has been invested in $WSM by the mystery crypto whale.

The crypto whale purchases are a significant vote of confidence in Wall Street Memes and its return on investment potential. 

The $WSM crypto whale’s token purchases can be seen on Etherscan

Etherscan / WSM

The same whale address also bought 93 ETH worth of $WSM in a prior transaction. 

Etherscan / WSM

Wall Street Meme Anticipate Grows Due to More Than 1M+ Strong Community

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.

Source / Wall Street Memes

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.

This explosive community growth is likely to incentive significant growth at the upcoming CEX launch in 23 days, which could propel the $WSM token on an incredible moon-shot.

And with long-term holding incentivized by Wall Street Meme’s novel staking mechanism – which boasts an eye-watering 282% APY – this token seems destined to explode.

Source / Wall Street Memes

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.

Don’t miss your chance to secure a slice of the next skyrocketing meme token – connect with Wall Street Memes on Twitter and Telegram.

Buy $WSM Here

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.