Cryptocurrency News – Zuck Coin, one of the meme coins in the cryptocurrency market, recorded a 30,000% price increase. This increase follows the successful launch of the Threads app. Mark Zuckerberg raised the price of his eponymous meme coin as it attracted millions of users to his new app.
Mark Zuckerberg is making a name for himself with the success of his new application, Threads. Following this success, there was a huge increase in the price of the meme coin ZUCK.
Threads app welcomes more than 30 million users on launch day. At the same time, Zuck Coin (ZUCK), a new meme coin inspired by Mark Zuckerberg, recorded a massive 30,000% price increase.
The price of Meme coin has made a huge rally of 130% in the last 24 hours alone. Despite the impressive performance of the meme coin, experts in the crypto industry urge caution, noting the typical volatility and potential for steep declines associated with new meme coins.
Will the rise continue?
According to the charts, the price follows a familiar pattern seen in other meme coins. This recurring trend is a rapid initial pump, followed by minor fluctuations and then decline. Notably, most of the trading volume occurred within the first hour of listing, raising suspicions about potential market manipulation.
Considering these factors, investors should be careful when considering investing in this meme coin, especially if their goal is short-term profit. Featuring a single tweet featuring the token's logo and a bold claim to 'dominate' the charts, the Twitter account is reminiscent of other meme coins launched recently.
It's fair to say that it's likely the success of the Threads app that has driven up the ZUCK price. However, it is also important to remember that the likely force behind this rally is the meme coin crypto community.