PINKY Token Soars 100x as Solana Memecoins Take Off and This Lesser Known Gem Could be Next

cryptonews.com:

PINKY token (a play on Mr Beast’s Dog) has pumped up 100x as Solana meme coins continue to post astronomical gains. But what does this PINKY price analysis reveal and could this other lesser-known meme coin be next?

This PINKY price action comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless Solana meme coin moon-shots garnering significant attention, including ‘2024′, SOLAREUM, Joe on SOL, BINK, BONG, MUSK, FLUB, PUMA, HOPPY and AWIF.

I have no words. $PINKY is taking over Solana

#1 on Dexscreener
$6.7M volume
Unstoppable right now pic.twitter.com/N9d66hj1xy

— Jackson Hunter (@jhuntermav) January 24, 2024

Despite the quirky play on the name of Mr Beast’s dog, trader sentiment remains intensely bullish, with market commentators seemingly in awe at the outrageously large pump over the past 24-hours.

With PINKY price firmly in the consolidation zone, Pinky Token is currently trading at a market price of $0.00002007 (representing a 24-hour change of +346,155%).

This comes after a slow initial launch, which saw price trade between $0.00000000085 and $0.0000575 for the first 12-hours.

However, at 1AM UTC, PINKY price took off in a dramatic explosion that saw price accelerate +5,493% to hit an all-time high around $0.0003953 across 5-hours.

EXPLORE: PINKY Chart Here

Yet, over the subsequent 4-hours, price has entered minor localized retracement, which has so far seen price action sink -40%.

But, with PINKY price analysis revealing that price remains within a healthy consolidation zone, a well-defended performance at this level could set the stage for a major second pump.

Indeed, with a market cap of $2.33m for a novel meme of Mr Beast’s Dog, it would not be unrealistic to expect price to 2x