As Solana memecoins continue to explode amid the latest DEX-traded trend, Saitama coin (SOLTAMA) has erupted +17,000% – could this other meme coin be next?
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, alongside fellow Solana memecoins SOLAREUM and Joe on SOL.
Memecoin traders rushed to Saitama due to its moonshot promise of 0/0 transachttps://twitter.com/Billygoatbarnd1/status/1740496549220843652tion fees and a novel liquidity burn mechanism.
As Saitama price reels from the seismic dump move, SOLTAMA remains trading relatively high at a current market price of $0.0135 (representing a 24-hour change of +16,345%).
This comes after SOLTAMA price mounted an impressive launch, with the chart kicking off at 18:00 on December 28 – in a listing that saw almost immediate traction in markets.
Indeed, the opening hour saw early-bird traders rush into the chart at $0.00006 – with the opening candle displaying a jaw-dropping +7,000% pump.
Eagle-eyed traders, call-groups, and influencers took note of the emergent skyrocket, and rushed to take position, with a whopping +$2.3m in trading volume fuelling a dramatic +1,950% move over the following 4-hours.
This saw SOLTAMA price top-out at an all-time high of $0.069 (in true meme coin fashion).
However, as early-backers began to take profit, a major downtick over the subsequent hour went on to trigger a seismic -95% retracement move – with price action catching support at $0.0038.
Yet, in a glimmer of hope for 1,370 underwater holders, double-bottomed support appears to have triggered consolidation above $0.0038 – potentially setting the stage for a
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