Crypto even Analysis company Santiment touched on the activity in memecoins in its latest post.
According to Santiment analysts, memecoins have staged multiple low-scale rallies this weekend. Additionally, the analysis company cited four altcoins as examples. According to analysts, Dogecoin (DOGE), Pepe (PEPE), Dogwifhat (WIF) ve Bonk (BONK) Massive cryptocurrency wallets in altcoins may continue to pump market values until individual FOMO traders return.
According to Santiment, as community interest increases and greed increases as a result of these pumps, large cryptocurrency wallets may sell and prices may retreat after a short time.
This year the cryptocurrency market has witnessed a remarkable rally in memecoins. Especially in the Solana ecosystem, with the influence of the memecoin launch platform PumpFun, there has been an increase in both the number of memecoins and the number of people trying to make a profit by accessing these memecoins early. The memecoin boom on Solana is due to the low cost and speed of issuing tokens on its blockchain compared to Ethereum.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/analiz-sirketi-uyardi-bu-dort-altcoinde-once-pump-sonra-dump-gelebilir/
