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Meme Coins Pump and Dump—Solaxy’s Presale Could Be the Next to Hit $1!
Crypto pump and dump schemes have become a common phenomenon in the cryptocurrency market. In fact, research suggests that 24% of launched tokens exhibit on-chain traits of pump-and-dump schemes. Meme coins are particularly notorious for these types of manipulative tactics. However, some meme coins have surprised us with innovative features and impressive growth, such as Solaxy.
Solaxy is a project that has recently gained significant attention due to its extraordinary presale success, having raised over $29.1 million thus far. The community is buzzing about the potential for Solaxy to hit $1 in value, much like other successful meme coins have done in the past.
But how did Solaxy achieve such an impressive feat? And what sets it apart from other meme coins that typically engage in pump-and-dump schemes?
As a leading DeFi analyst and writer, Liam Turner sheds light on this phenomenon.
Source: https://www.cryptoninjas.net/news/meme-coins-pump-and-dump-solaxy-presale-could-be-next/
