BONK has shifted investors' attention with a strong rebound after facing a minor retraction in the memecoin network. Meanwhile, WIF just experienced a jump scare after its X account got hacked to promote Solana-based memecoins. Leading the pack, DTX Exchange (DTX) has got investors pumping its presale round 5 after it approaches the $8 million milestone.
Between January 2024 and June 2024, BONK was one of the top-performing meme coins in the market, as evidenced by the price chart. However, the hype around the meme coin slowly faded, causing massive sell-offs. As of today, BONK is trading at $0.000038 with a $2.88 billion market cap and a 24-hour trading volume of $1.27 billion.
Due to President Trump's recent victory, a perceived pro-crypto candidate, BONK is following the steps of the entire crypto market to revive its momentum. The BONK price analysis shows that it is gaining momentum, staying strong at $0.00003744. BONK has the potential to continue going higher this November if it is able to break through the crucial resistance levels.
Moreover, BONK has had its own huge run-up, with a surge worth 156% over an 11-day period. The price retraced 25% over the course of Thursday and Friday, nicely retesting the 0.382 Fibonacci, and is now heading higher again. The spike just failed to make a local higher high, so this will be an important achievement for bulls to make, perhaps in this current upturn.
The X account of the dog-themed meme coin Dogwifhat was just hijacked to promote several Solana-based tokens on the platform. Across multiple now-deleted posts and a rebranded profile description, crypto scammers attempted to inflate the price of three different meme coins: ‘Popwifnut (POPWNUT), Muu (MUU), and DogWifDoge (WIFD).’
Sharp community members were quick to point out that the account security was compromised, while Web3 security firm Harpie confirmed the hack, urging X users to avoid engaging with the posts published by hackers. Initially, attackers began posting about MUU, a meme coin created less than a month ago, along with its contract addresses, urging WIF followers to buy MUU.
Shortly after the posts, the token, which had been trading sideways, reached a new all-time high. However, the short-term rise soon dropped when bad actors liquidated their holdings. The other tokens, WIFD and POPWNUT, both created less than 24 hours ago, shared a similar sentiment with massive price surges followed by a massive crash.
This incident highlights a recurring trend of scammers infiltrating X accounts of prominent crypto projects to deceive cryptocurrency investors.
DTX Exchange (DTX) has skyrocketed community trust after proving its presale as the game-changer for the majority of investors. As of November 15, DTX Exchange’s 5th presale round is gaining momentum at $0.10 per token. The platform is poised to beat the memecoin sector by a notable margin as institutional investors move in to launch DTX to new highs.
This deFi project incorporates state-of-the-art infrastructure in the platform to ensure that all transactions and order book data are immutable and transparent. DTX Exchange enables users to audit and verify trading activities. This restriction-free and welcoming environment promotes trust and confidence in the platform and community members.
Following the massive presale rally during its round 4, DTX Exchange (DTX) has successfully completed the 4th phase and entered round 5 with a bang. According to the on-chain data, analysts believe that DTX Exchange is going to break all previous presale records as investors turn bullish on its $0.10 ERC-20 token that offers enticing benefits and lucrative opportunities.
DTX Exchange (DTX) currently stands as a strong competitor against Dogwifhat and BONK for its cutting-edge blockchain technology and highly bullish presale momentum that’s outshined some of the renowned cryptocurrency giants and is still going rock solid. Join now!
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.