Event:
A completely uneventful $MOONKIN memecoin, never shilled like that ever before, mysteriously pumped by 507% today. Its capitalization was approximately $5.7 million. During its lifespan, the community has never seen such a huge pump from this token. The memecoin was born out of Vitalik Buterin's post on the X social network. Vitalik posted a strange creature looking like an eagle and then even put it on his Twitter avatar.
Pump analysis:
Having examined all the likely sources of this token (there was not much information about it), our experts can assume that the pump could have been initiated by an increase in interest among audience members and late shilling. Despite its comparatively long life of almost 2 months, this memecoin has been shilled actively only very recently, and it was under these circumstances that the colossal 507% pump was formed.
$MOONKIN Team:
If we study the Telegram and Social Network of this token, we can safely say that the $MOONKIN team isn't its strong point, they don't even have their own X social network page, but just a link to Vitalik Buterin's post is displayed.
Analysis of follow-up events:
Despite having such a promising scenario currently, our specialists hold the opinion that the token's shilling will decrease extremely soon, and as a consequence, its cost will begin to dump. They have their team hardly making any effort to hype up this memecoin, symbolizing their negligence towards the project.
Conclusion:
$MOONKIN is an extremely out-of-the-way memecoin, with hardly any history behind it, and it doesn't have a powerful team or an effective practical strategy. Our analysts no recommend buying this token in order to profit.
This article is not investment advice!
