As DONK Meme Coin Skyrockets 4.5x Overnight, This Niche Crypto Has Clinched $3.9 Million – 100x Potential in 2024?

cryptonews.com:

As DEX launched spin-off tokens continue to post jaw-dropping rallies, DONK token has emerged as the latest skyrocket after embarking on skyrocket 4.5x price pump.

This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, BabyGROK, TIME, ROCKY and IO.

Spin-off tokens have emerged as a popular trend, fuelled by wide-spread FOMO amongst retail investors late to the meme coin party.

$DONK spaces in about 45 mins!https://t.co/r3bZGN8BOz pic.twitter.com/xij3LG8xwD

— LFG Whale, Esq. | Founder – Pop Pals (@LFGWhale) December 12, 2023

As DONK price action consolidates following the explosive upside move, DONK is currently trading at a market price of $0.0002298(Representing a 24-hour change of +3,320%).

This comes after DONK was launched at just 14:00 on December 13, in a stealth launch that gained almost immediate traction – exploding +1,223% in the first hour of trading.

DONK’s massive opening move caught the attention of DEX traders across the market, and over the next 14-hours a substantial surge of more than $110k in trading volume flooded into the chart.

This propelled a major rally on the chart, which saw DONK hit an all-time high at $0.0002917, delivering a monumental +4,260% gain for early-backers.

Now stood at an impressive overnight market cap of $230k, significant growth potential remains on the cards for 559 holders – with similar spin-off projects such as BabyBonk have hit multi-million market caps.

This suggests that DONK could undertake as much as a 4-8x move from here – an alluring return for keen traders with high risk tolerances.

Yet, while DONK represents a high risk play, for those with a