- Memecoin Zuck Coin gets a 30,000% price hike.
- This surge is corresponding to the successful release of the Threads app.
- Mark Zuckerberg welcomes millions of users to his new app as his namesake token pumps.
Mark Zuckerberg reaps the success of the Threads app just as the crypto memecoin community reap the rewards of memecoins. Specifically, it is the Zuck Coin (ZUCK) memetoken that saw a massive surge amid the launch of the Threads app.
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The Threads app welcomes over 30 million users on its launch day. At the same time, Zuck Coin (ZUCK), a new meme token inspired by Mark Zuckerberg, saw an intense surge of 30,000%. This period records since its listing on Uniswap a few days ago.
In fact, in the past 24 hours alone, ZUCK has seen a remarkable 130% increase in price. Despite the token’s impressive performance, experts in the crypto industry urge caution, pointing out the typical volatility and potential for steep drops associated with new meme tokens.
According to the charts, ZUCK price follows a familiar pattern as seen with other meme tokens. This recurring trend is a rapid initial pump followed by small fluctuations and a subsequent plateau. Notably, the majority of its trading volume occurred within the first hour of listing, raising suspicions about potential market manipulation.
Given these factors, traders should exercise caution when considering an investment in ZUCK, especially if their aim is short-term profit. The token’s Twitter account, with only one tweet featuring its logo and a bold claim to ‘dominate’ the charts resembles other recently launched meme tokens.
It is not a stretch to say that the success of the Threads app is most likely what pumped up the ZUCK price. However, it is also important to remember that it is the memecoin crypto community that is the likely force behind these meme coin pumps.
Much like PEPE’s quick rise as the memecoin for a trading success story, perhaps the next one could be ZUCK. As always this is not financial advice, always do your own research before making crypto investments.
Disclaimer: The message of making a profit in this article simply reflects the view of one trader and does not guarantee a profit. Traders are advised to always do their own research before committing to making any financial trades. This article reflects the interpretation of the writer based on the source material of the story and does not reflect the views of CryptoNewsLand.
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