Event:
Amidst the general volatility of the cryptocurrency market, the $CUPSEY memecoin showed an incredible +103% growth in a day. The token capitalization was $3.9 million, which attracted traders' attention. However, the sharp increase raises the question: what is the cause of this pump and if the project has any future?
Pump review:
Study of the scenario reveals that the increase of $CUPSEY is solely the achievement of the community. Unlike other memecoins, where teams are actively involved in promotion, no such activities are observed from the developers. Pumping occurred due to the hype created by retail investors, and hence it was extremely volatile.
$CUPSEY Team:
One of the main problems of the project is the complete inactivity of the team. Social media, especially Twitter (X), are hardly updated, and there are neither development plans, marketing campaigns, nor partnerships. This kind of behavior indicates the lack of a long-term strategy, which brings the token's feasibility into doubt.
Future analytics:
Having reviewed all the resources again, our analysts believe that if the community continues to grow, $CUPSEY has a chance for short-term growth. However, without the support of the team, the token will quickly lose interest. History knows many examples when memecoins without development turned into dead assets.
Conclusion:
$CUPSEY is a bad memecoin at all, and it shows a perfect example of a pump at the expense of the community. Without the active movement of the team, the project is doomed to be forgotten. Investors, be careful: this growth can be replaced by a sharp drop. The token doesn't have long-term perspective yet. If you're interested in learning more about the token, you can check its contract - 5PsnNwPmMtsGZgG6ZqMoDJJi28BR5xpAotXHHiQhpump
We keep an eye on the situation regarding $CUPSEY.
This article is not investment advice!
