Event:
Recently, there came out a completely normal memecoin with some weird name $BUBB, which resembled other coins just about equally. There is no real background of this project and any possible perks. However, in not really long enough period, the capitalization of this coin already surpassed $31 million.
What is the $BUBB memecoin pump based on?
It seems that the project team itself is quite common, there are no investors of any importance, but what then is its secret of success?
Everything is simpler than it seems! In social network X, the co-founder of the largest exchange BINANCE - Yi He - supported this memecoin, which actually created hype for this token, and to its pump. This event attracted a large number of investors to the $BUBB project.
Analysis of the recent developments around $BUBB
At the time of writing, the memcoin's capitalization is $31.2 million, a good result in a relatively short period. Since being backed, the memecoin has risen more than 450% and the BNB network has a new top token.
What are the token's prospects?
With such good support from Yi He, co-founder of the largest exchange BINANCE, the token team can count on the continued existence of the token, because the shilling of buyers does not stop. According to available information, the memcoin will also be available on crypto exchanges: BitMart and AscendEX, which can lead to even larger pumps.
The reality of $BUBB:
Despite the whole rosy scenario, we cannot also help but consider another outcome option. Such a strong rush of the token and its endorsement by a top influencer certainly created a good precedent, but will the $BUBB team be able to sustain such a horde of buyers in to maintain a stable price of the token? Based on the recurring trend of memecoins, a big pump is followed by a sad dump, but each situation is individual and the further price of $BUBB depends only on the future actions of the team.
This article is not financial advice.
