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HARIBO Token Skyrockets 11,000%, Leading a Meme Coin Resurgence as a Rival Coin Nabs $9 Million

23.04.2024
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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.

Buy DOGEVERSE Here

The post HARIBO Token Skyrockets 11,000%, Leading a Meme Coin Resurgence as a Rival Coin Nabs $9 Million appeared first on Cryptonews.

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Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

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