Event:
The $IKUN memecoin has taken a drastic jump, gaining 123% over the course of one day, and its capitalization stands at $8.8 million. The increase has caught the attention of memecoin traders, considering that the project has no viable utility and solely relies on the behavior of the community.
Pump Review:
Most of the credit for the growth of $IKUN goes to its community, which actively promotes and hypes the token on social media. Most notably, it is worth to describe the holders of the token, who refrain from selling coins and expect further growth. The pumps there differ from pumps in most other memecoins in that they are organized by market makers, whereas here, the motive force is the audience.
$IKUN Team:
According to analysts, the project team shows weak activity. Aside from tweeting memes and minimal interaction with the audience, the developers do not offer anything substantial to support the price. If the team were to engage in marketing or launch new initiatives, the growth could be more sustainable.
Future analytics:
Our analysts are confident that $IKUN will be dumped in the near future, if the team does not change its approach. Without new ideas and support, the token's demand can vanish instantly, and investors will start taking profits. Currently, the project exists thanks to the popularity of the community, but this might not be enough for a long-term development.
Conclusion:
$IKUN is a simple token that has shown impressive growth, but its fate remains unknown. Without the team getting up to speed, the token will lose steam very quickly. Investors should be careful and watch how the situation turns out. For more information about the token, you can look at its contract - AtortPA9SVbkKmdzu5zg4jxgkR4howvPshorA9jYbonk
We are watching the developments with $IKUN.
This article is not an investment advice!
