- So, Memecoin [MEME] just decided to jump 41.9% in 24 hours. Who knew? 🤷♂️
- Apparently, there’s a huge demand for this thing, as volume and Open Interest are hitting record highs. Shocking, right?
In the last 24 hours, Memecoin [MEME] has gone from a measly $0.0014 to a whopping $0.0028. I mean, come on! What’s next, a trip to the moon? 🚀
But wait, some of those gains were trimmed. At the time of writing, MEME is trading at $0.002292. Still up 41.91% in a day. Not bad, huh? Or is it? 🤔
Volume? Oh, it skyrocketed by a ridiculous 5742.1%, hitting $1.24 billion. That’s like finding a dollar in your couch cushions and thinking you’re rich! 💸 Open Interest? Soared 263.47% to a new all-time high of $53 million. What a time to be alive!
When both Open Interest and volume go up, it means people are getting excited. But let’s be real, what’s really driving this rally? Is it the memes? The jokes? Or just sheer madness? 😂
According to some analysis (because we all love a good analysis), this price pump is due to rising interest in joke-themed tokens. Who knew humor could be so profitable? 😆
Can Memecoin actually keep this up?
So, MEME is apparently in high demand, with buyers taking over the market. The surge in exchange withdrawals? Yeah, that confirms it. People are actually buying this stuff! 😲
But here’s the kicker: the altcoin’s spot netflow has dropped by $1.87 million in three months. More outflows than inflows? Sounds like a bad breakup! 💔
Usually, when there’s a higher outflow, it means people are hoarding. Like toilet paper during a pandemic! 🧻
And guess what? Buy-side pressure is on the rise. Over the past day, buy orders crossed 761 million. The order books are favoring bulls. It’s like a stampede at a Black Friday sale! 🛒
In simple terms, MEME is gaining traction as demand rises. Investors are feeling bullish, thinking they’re going to get rich off this meme coin. Good luck with that! 😏
For MEME to keep its gains, it needs to break through the $0.0028 resistance. If it doesn’t, well, it might just fall back to $0.00145. And we all know how that story goes! 📉
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2025-04-19 16:15