As Blinky Token Goes Viral After 500% Surge, Crypto Experts Say This Lesser Known Crypto is Next to Pump – Here's Why
In the latest on-chain moon-shot Blinky Red Ghost (BLINKY), a meme coin reference to the classic Pac Man game, has exploded +500% in a dramatic skyrocket captivating DEX markets.
Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless pump-and-dump moon-shots, including BDOGE, APX, FTX, Thingand шайлушай.
The token appears to be driven by a dev called BlinkyRedGhost, and the token went live through a huge $100,000 airdrop to early backers - igniting a frenzy of interest on Crypto X.
Amid the moon-shot move, BLINKY is currently trading at a market price of $0.00004463 (representing a 24-hour change of +502%).
Launch on the afternoon of October 4, BLINKY saw slow traction in the first 24-hours of trading - with price pushing up a muted +15% during initial trading.
However, catalyzed by the successful airdrop - price action ignited into a frenzy at 14:00 on October 5 - as a sudden +50% hourly candle triggered a major influx of almost $1m worth of trading volume.
This huge flood of capital sent price flying +500% across the following 4-hours as more than 250 holders took position in the unfurling skyrocket move.
With BLINKY's market cap now sat impressively high fir such a young project at $347k, more growth seems likely here, and this is evidenced by a well-defended consolidation above the $0.00003 price level.
This morning, price has bounced out of strong local support to post a new all-time high at $0.0000485.
Support here could trigger a move up to the $0.00006 price level (a potential +33.5% move).
While downside risk here could see price return to $0.00003 (a possible -32.17% drop).
Overall then, Blinky Red Ghost is currently facing a risk: reward ratio of 1.04 - a make-or-break entry on the
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