Pepe Coin Trading Explodes, Traders Buy 10% Golden Inu ICO Supply, Tamadoge & Floki Inu Get New Listings – CryptoMode
The memecoin mania is back. Floki Inu and Tamadoge were listed on two new crypto exchanges just a few days ago, giving bag holders a nice return. Meme cryptocurrency Golden Inu saw a huge surge in interest, surging over 10.4% of its funding target for a new presale for the initial coin offering. And of course, “Pepe,” the social media meme trying to “make memecoins great again,” saw an explosion in trading volume; Decrypt reports that a $250 risk taker now has over $1 million in his wallet. All this and additional activities not only indicate but actually prove that high returns from memecoin tokens are still very possible in 2023.
Golden Inu [$Golden] ERC20 and BEP20 tokens
Golden Inu, the meme coin that will later launch its own decentralized crypto exchange in 2023, has two tokens in its roadmap design. The 2 coins will be used to boost their cross-chain swap activity between the Binance chain and the Ethereum blockchain.
The second coin, the erc20 network’s $Golden token, is currently available in a pre-ICO phase [buy here]. There was an impressive surge in buying activity over the weekend as 10.42% of the ICO presale supply was purchased. Round 1 of 4 funding rounds, investors trade their Ethereum [$ETH] tokens for the $Golden token and expect a similar return on investment as the paired bep20 version needed for cross-chain swaps.
The first $Golden token created, a bep20 token, was launched back in April 2023 via another presale and Initial Coin Offering funding round. The Binance chain token was then launched for public trading on PancakeSwap a little over a month later.
Investors experienced a +700% gain at the peak. Over the past 24 hours, investors saw the token return close to +7%, with more joining the bullish move. Trading volume on DexScreener reports that there were nearly 285% more buyers than sellers, suggesting that the “hodl culture” is strong on the token.
Erc20 token returns could exceed +700% gains from bep20 pre-sale following release of $Golden Exchange, a decentralized cryptocurrency exchange being pushed across South America.
Flooz, a trusted fiat gateway to buy crypto, just added the $Golden token to its listings. This could be the reason for the increased buyer activity
PEPE ($PEPE) ERC20 token
Memecoin Pepe is another erc20 token that has seen explosive growth lately. Although it has seemingly been in a downward spiral over the past 6 hours, losing -26% in value, it took a wild bull ride yesterday.
The viral PEPE frog meme design is known worldwide due to social media memes. And it recently launched into cryptos, sporting a hat that reads “Make Memecoins Great Again” — a play on former US President Donald Trump’s MAGA brand.
The $Golden bep20 token outperformed $PEPE on Monday morning, but last week was a different story judging by a story on Decrypt. The crypto news site claims that a $250 investor made incredible returns, making him a memecoin millionaire. However, Cryptopotato turned out that the astronomical returns were not yet liquidable and essentially impossible.
Observing liquidity pools of popular memecoins
Another win for the $Golden token on Binance in terms of new tokens trying to topple its dominance so far this year. The founder of the Golden Inu token has emphasized the importance of liquidity and cash reserves since its launch. The $Golden token has over $1 liquid cash for every $3 token in the market.
In comparison, $PEPE Memecoin has $1 liquid cash for every $66 in coins on the market, according to Dexscreener stats. Shiba Inu has $1 liquidity for every $86 in crypto coins circulating in the market. And this kind of statistics is a common scenario in the market. This is also the reason why major crypto brands like FTX, Voyager and others went bankrupt [bankrupt]. In a bank run, they couldn’t pay off all the investors.
Binance has been the “most stable” of all bank runs, proving it has more than enough liquid cash to pay out all customers on its exchange. In fact, the company has so much capital that it has even bought out competing brands to pay off their debts in order to expand its reach.
Floki Inu ($FLOKI) BEP20 token
Memecoins like Golden Inu ($GOLDEN) and Floki Inu ($FLOKIi) are coveted tokens on the Binance network due to their proximity to the brand.
Floki Inu, despite only having $1 liquid cash per $150 token in circulation, has received various favors from Binance. It was recently listed on crypto exchange Binance.US and lost almost +200% in value before staging a correction. It is currently up almost 100% since it was listed on April 24th.
Binance.com also listed a “Coin Data” page for Golden Inu in the Coindex just 3 days ago. It could be a sign that the world’s leading exchange will also list $Golden for trading. If trading the Golden Inu token is allowed on Binance or Binance US, the token value would likely increase by at least +XXX% and up to +XXXX% as the current trading volume and market cap are limited to PancakeSwap & Flooz only .
Other popular meme coins are also making progress this week:
- Shiba Inu plans to launch its own cold wallet, expanding its crypto product catalogue.
- Mining Dogecoin ($DOGE) just got easier as Bit Mining’s L4 engine was developed to support the production of the cryptocurrency.
- Tamadoge was listed on the ByBit Exchange last week
- BabyDoge has been made available to Trust Wallet users
- Last, Golden Inu Liquidity, first ownership [founder information]and the smart contract security has been verified by Assure Defi.
Now is the time for meme coin traders to catch the news. There are still chances of +200% to +1000% profit in just a few months. However, all must do their due diligence on brand news and analytical data trends.
None of the information on this website constitutes investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial loss caused by actions taken based on information provided on this website by its authors or clients. Always do your research before making any financial commitments, especially on third-party appraisals, pre-sales, and other opportunities.
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