Pump Price Prediction - Next Big Meme Coin To Create Millionaires
With its record-breaking presale and early investors making massive profits, new meme coin Big Pump (PUMP) has caught the attention of thousands of investors this week.
While the $PUMP price pulls back post-launch, meme coin traders are now hunting the next big meme coin to invest in early.
Pump price chart via Bitget
PUMP Crypto Presale Investor Profits $1.5 Million in One Hour
Big Pump had been on the watchlist of a good chunk of investors since its presale phase. In fact, a huge number of investors had already readily parked funds into the presale, given the rising popularity of the token on social media.
The BakerySwap project managed to raise more than $280 million, which was followed by an airdrop to participants in the PUMP ecosystem. Naturally, its launch was a much-anticipated event.
While the presale itself had caught the attention of the wider meme coin community, the project made it to the tweets of multiple crypto data aggregators on social media due to a certain investor:
After $PUMP opened trading, a whale made 2,759 $BNB($1.6M) on $PUMP in less than 1 hour!
— Lookonchain (@lookonchain) March 25, 2024
He spent a gas fee of 0.24 $BNB($138) and successfully bought 375.4B $PUMP with a cost of 6K $BNB($3.48M).
Then sold 360.4B $PUMP for 8,759 $BNB($5.08M), realizing a profit of 2,759… pic.twitter.com/8Ah6vGoqWx
The token’s value rose by over 300% in the first couple of hours, which is when the aforementioned investor started selling his tokens. Tracking his wallet data, the popular social media crypto aggregator Lookonchain reported that the investor had made a profit of 2756 BNB tokens or $1.6 million within a single hour.
The investor had initially bought PUMP tokens worth 6000 BNB worth $3.48 million, which were sold in multiple transactions for 8759 BNB or $5.08 million. The investor still had about 15 billion PUMP tokens lying in their wallet, the tweet further mentioned.
What Is The Big Pump Meme Coin Project?
Built on the BSC chain, the Big Pump project follows the trend of creating and nurturing a community purely on the basis of hype and trending media strategies. With aggressive marketing via memes and posts, the project managed to raise millions of dollars, even with a no-responsibility disclaimer clearly mentioned on the website.
The homepage of the project states, "$PUMP is a meme coin on the BNB Chain that represents what everyone in crypto is dreaming of: a Big Pump of their coins. $PUMP doesn't have any utility; there are no teams to back it up."
Since the price of Big Pump has seen some decline, investors have been showing interest in certain projects that are still in their early phases and may be able to create traction similar to PUMP. Two such projects that have interested the masses are 5th Scape and Smog:
5th Scape
5th Scape presents a compelling investment opportunity within the blockchain and virtual reality (VR) gaming sector. By introducing a unique blend of physical and virtual ecosystems, it stands at the forefront of innovation, poised to reshape entertainment, social interaction, and educational content in the digital realm.
Investing in 5th Scape's presale offers early movers a chance to capitalize on the project's pioneering vision. With the imminent launch on multiple exchanges as teased by its developers, there is significant potential for early adopters to benefit from the project's anticipated growth trajectory.
The project's comprehensive ecosystem, encompassing hardware products like the Swiftscape chair and VR Ultra headset, alongside a diverse array of immersive games, positions it as a frontrunner in the burgeoning industry. Additionally, the utility of the 5SCAPE token as both in-game currency and developer reward further enhances the platform's value proposition.
As the metaverse continues to evolve, 5th Scape's innovative approach to integrating AR, VR, and blockchain technology distinguishes it as a visionary project with considerable growth potential. Investors seeking exposure to the intersection of these transformative technologies may find 5th Scape's presale an enticing opportunity to make massive profits while also being participants in a revolutionary technology ecosystem.
Smog
While this meme coin project has already been launched, it is still in its early phases, which is what makes the project one worth considering. With a dragon-themed allure and powered by the Solana blockchain, Smog emerges as a fresh contender in the memecoin arena.
While Ethereum and Binance meme coins basked in the limelight, Smog's arrival hints at a paradigm shift toward Solana. Its equitable launch on February 7th via Jupiter DEX appealed to investors seeking sustained growth.
On day one, Smog ascended over 1000%, inviting comparisons to industry giants in the meme coin space. Sporting a distinctive dragon motif, Smog aims to revitalize the meme coin realm, enticing holders with dynamic multi-airdrop campaigns. Though specifics on these initiatives await unveiling, Smog's allure has already captivated the attention of leading media outlets and influencers.
Presently, Jupiter DEX exclusively hosts SMOG tokens, accessible to investors via Solana-compatible wallets. However, community conjecture hints at Smog's imminent broader adoption and exchange listings, potentially igniting a surge in value. Echoing the fair launch triumphs of its predecessors, Smog stands primed for exponential growth amid the burgeoning Solana meme coin fervor.
With a strong bullish sentiment across the market and high speculation for further growth in the upcoming weeks, projects like Big Pump are likely to experience more pumps in the future. But since the project has already surged and sits at a higher market cap, the chances of its prices seeing a drastic change are unlikely.
Fresh low market cap coins like 5th Scape and Smog could be better options for investors looking to park their funds into early projects with high potential gains in the coming weeks or months.
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