SHORT ! ☄️ | Token Teller on Binance Square

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SHORT ! ☄️

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Meme tokens are usually considered to have no intrinsic value but are quickly gaining favor among traders. Some, like the Avalanche Foundation, a non-profit that maintains the Avalanche blockchain, have even started to invest in meme tokens built on the network in recognition of the online culture and memetic value that such tokens can drive among investors. Market observers say meme coins are also a profitable, albeit risky, way to gain from ecosystem growth. #TrendingTopic #Write2Earn‬ $FLOKI

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🚨 Be careful 🚨 The Ripple Effect: Understanding the Consequences of a Bitcoin Dump in the Crypto Market In the ever-evolving world of cryptocurrency, the price movement of Bitcoin holds a significant influence over the entire market. A sudden and substantial drop in the value of Bitcoin, commonly referred to as a "dump," can trigger a cascade of reactions across the crypto space. ☄️ #TrendingTopic #Write2Earn‬

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Volume of futures tracking meme coins continued to rise massively on Saturday as bets against non-serious tokens lost a cumulative $50 million in the past 24 hours, a sign of irrational exuberance. Data from Coinglass shows shorts, or bets against, on dogecoin, shiba inu, pepe, floki and bonk saw over $50 million in liquidations in the past 24 hours, contributing to price surge among these tokens. Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position (fails to have sufficient funds to keep the trade open). Pepe (PEPE), the frog-themed meme token on Ethereum, was up as much as 100% to set record highs. WIF, the dog-themed token on Solana that was issued in November was up as much as 80% to become one of the first prominent meme tokens to cross the $1 price mark. #TrendingTopic #Write2Earn‬ $PEPE $SHIB $FLOKI

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