Event:
The $LAMBO memecoin abruptly surged by 67% in 24 hours, and its capitalization was $39.7 million. Such a dramatic growth attracted the fresh users who came in following the pump, especially. We also notice that the token was pumped on a completely unexpected network for the majority of users - Avalanche
Analysis of the pump:
Relevance and Loyal Community - that's the secret to success
The $LAMBO pump did not happen just like that - it was facilitated by the relevance of the meme and a strong community. Unlike many other memecoins, $LAMBO has active supporters who constantly discuss it on social networks and support the hype. In addition, the token remains trending thanks to funny memes from the $LAMBO team.
$LAMBO Team:
The project team also contributes to the development by posting motivational posts, memes, and updates on a daily basis. Their Telegram and Twitter (X) activity gives a sense of movement, which attracts new investors. Despite $LAMBO being a memecoin, the developers try to keep the audience engaged to make the token look more serious.
Future analytics:
Our analysts have studied the chart thoroughly and believe despite the record growth, there could be a correction in the near future. Memcoins are based on hype, and if the popularity of $LAMBO decreases, the price might plummet. All the indicators are already overbought, which points towards a rollback in the near future.
Conclusion:
$LAMBO is one great example of a memecoin that can make quick money, yet remains an extremely speculative asset. While the team and community are engaged, the token will keep going up, but investor beware - the trend could flip at any moment. To read more about the token, you can check out its contract - 0x6F43fF77A9C0Cf552b5b653268fBFe26A052429b
We monitor the situation with $LAMBO.
This article is not investment advice!
