🔥🔥🔥 As Strange #Solana📈🚀🌐 #memecoin Blasts Up 20,000%, Billionaire Justin Sun is Stacking This Other Coin 🔥🔥🔥
In the dynamic landscape of meme coin markets, Solana micro caps are the latest trend, with Joe on SOL Coin (JOESOL) surging over +20,000%. This trend aligns with the recent surge in explosive moves for #DEX -traded tokens, including notable names like #APX , SAMBO Bot, TIME, and SOL memecoin SOLAREUM.
JOESOL experienced a significant pump cycle, and as prominent traders exit positions, a continued sell-off seems likely. The current market price for JOESOL is $0.0001559, reflecting a 24-hour change of 21,154%. Launched on December 27, JOESOL quickly gained traction, rallying +3,500% within hours.
Subsequently, it surged an additional +1,450% over the next 5 hours, fueled by over $2 million in trading volume. The coin reached an all-time high of $0.0009303, providing a remarkable +20,000% return to early backers.
However, in the following 5 hours, an abrupt -85% sell-off occurred, reducing JOESOL's market cap to $150k. This downturn left 1.54k holders facing significant losses due to aggressive price action. With buy pressure at just 20% on the short-term frame, JOESOL appears to face the risk of approaching zero.
Given this downside pressure, traders are actively exploring alternative projects with the potential for substantial returns amid the evolving market dynamics.
***Please do not consider this a financial advice***
Source - Sam Cooling @sam-cooling
Website - Cryptonews