As Viral DRS Token Rockets Up 25,000%, This Lesser Known Meme Coin Just Secured $400,000 in Funding – 100x Potential?

cryptonews.com:

As Uptober takes grip of on-chain markets, crypto prices are surging, and the latest token to skyrocket is DAI Reflections (DRS) - which exploded +25,000% in an over-night moonshot.

The unlikely surge comes as market interest was galvanised by this young projects' promise of reflecting the DAI stablecoin on Pulsechain - alongside an upcoming 

PulseChain is a full-state hard fork of Ethereum, and stealth-launched DRS offers a demand-side pressure for the DAI token - every time a DRS token transacts a 2% fee is applied; his fee is used to buy DAI stablecoin which is then distributed to token holders.

Amid the dramatic upside move, DAI Reflections is currently trading at a market price of $0.0₅3713 (representing a 24-hour change of +1,703%).

This comes following the explosive stealth launch at 15:00 yesterday, which surprised all with an initial +6,000% move in the first 4-hours - despite no marketing.

Overnight price action saw DRS push up a further 54% from here to hit an all-time high at $0.0₅5565 - bringing returns for early-backers to an eye-watering +25,000%.

With DRS price action now in localized retracement, all  eyes are on the $0.0₅375 support level - which has so far seen a well-defended consolidation mounted by 561 steadfast bag-holders.

The electric move was fuelled by an influx of more than $667k in 24-hour trading volume, which has seen DRS already surge to a $727k market cap.

DAI Reflections has an upside move targeting a return to the all-time high at $0.0₅5565 (possible +50.7% move from here), and downside risk standing at lower support around $0.0₅285 (potential -22.39%).

This leaves DRS with a risk: reward ratio of 2.26 on the short-time frame - a strong entry with decent upside potential as buy pressure remains