Solana meme coin markets show no sign of slowing down post-halving amid a wave of 4/20-inspired confectionary meme coins that have exploded over the weekend and HARIBO price is leading the pack.
This article explores how Haribo’s price hammered 11,000% gains and uncovers the next big meme coin set to skyrocket in the macro Summer.
$Haribo careful!
Dev put 100% of supply to LP and then immediately used a different wallet to buy over 66% of the total supply. Then used those to spread between many wallets.
Basically you are getting soft rugged by over 66% of supply. Do what you want with that. More details in… pic.twitter.com/bdapsq7FTT— Kakashi (@kkashi_yt) April 21, 2024
Yet, despite the impressive gains, Solana meme coin analysts on Crypto X have been raising the alarm, warning of a potential soft-rug pull by the developer.
HARIBO Price Analysis: Will Hot #3 Solana Meme Coin Soft Rug Prophecy Come True?
As price action re-tests upside resistance, HARIBO is currently trading at a market price of $0.05098 (representing a 24-hour change of +35.95%).
This comes after HARIBO launched at 13:00 UTC on April 21, in a move that gained instant traction amid a breakout trend for candy-themed cryptocurrencies.
Frenzied volume saw HARIBO price shoot up +11,000% in just 3 hours of trading, with price rallying to hit an all-time high at $0.1244 around 15:00.
The hours since saw early backers take profit, fuelling a -90% retracement move – further exacerbated by added sell-pressure from the malevolent developer.
Yet, after an impressive display of consolidation above the bottom support level at $0.0068, recent hours have seen upside momentum resume – with HARIBO price so far climbing +515% to retest resistance at $0.07.
A successful break-high here could leave HARIBO with a bullish panhandled technical pattern, suggesting a bullish structure for the day ahead.
Furthermore, with an alluring market cap of just $449k, late-stage investors could still earn as much as 10x returns.
Retail investors are defying slow rug risk to participate, with buy-pressure representing 51% of transactions over the past hour.
Yet, with red flags in developer behavior, smart money traders are shifting their attention to a better play – the DOGEVERSE presale.
Discover DOGEVERSE as Presale Slams Impressive $9m Raised Ahead of Explosive Multi-chain Launch
While HARIBO price risks a slow-rug, DOGEVERSE is continuing to snowball with viral traction, as the fastest growing meme coin presale surges past $9m raised.
But what’s got retail investors so excited about this new cryptocurrency presale?
The answer is simple: the unification of DOGE across all major blockchains.
You heard that right – whilst the original Dogecoin has inspired a huge family of spin-off tokens – no DOGE-linked meme coin has ever delivered multi-chain trading.
#Cosmo, the pioneer of multichain meme utility, strives to unite the #Crypto meme community.
As the first #Doge #Memecoin on six #Blockchains, Cosmo's wants to shine on every #DEX, #CEX, and meme haven.
With interstellar convergence, Cosmo redefines trending on #DEXTools.
pic.twitter.com/rkM4fVcFVW
— DogeVerse (@The_DogeVerse) April 22, 2024
DOGEVERSE is here to fill that huge void in the year of Omnichain cryptocurrency.
DOGEVERSE will operate on Ethereum, Polygon, BNB Chain, Solana, Avalanche, and Base, a multichain feature that supporters will drive prices in 2024.
Moreover, holders cite DOGEVERSE’s capped supply of 200 million combined with staking as attractive attributes.
These features will likely create a supply squeeze, progressively lifting prices over time.
The post HARIBO Token Skyrockets 11,000%, Leading a Meme Coin Resurgence as a Rival Coin Nabs $9 Million appeared first on Cryptonews.