Date: Thu, July 25, 2024, 12:11 PM GMT
The cryptocurrency market has been in a bearish rally lately, with major memecoins taking a hit. However, one Solana-based memecoin, MUMU THE BULL (MUMU), is bucking the trend in a big way. In the last 24 hours, MUMU’s price surged by nearly 60%, reaching $0.0000698.
The catalyst for this impressive surge?
A massive swap reported by DegenNews on X. A trader exchanged approximately $2.5 million worth of Dogwifhat ($WIF) to buy MUMU. This bold move sent ripples through the market, pushing MUMU to outperform other coins despite the overall bearish sentiment.
NEW: SOMEONE SWAPPED ~$2.5M WORTH OF $WIF (@dogwifcoin) FOR SOLANA MEMECOIN $MUMU (@mumu_bull) – SENDING IT TO $820.43M MARKET CAP pic.twitter.com/38Oy0yPcWq
— DEGEN NEWS (@DegenerateNews) July 25, 2024
In a market where most memecoins are struggling, MUMU’s sudden rise is a bright spot, showing that big trades can still create exciting opportunities.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and carry significant risks. Always do your own research and consult with a professional financial advisor before making any investment decisions.
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