Event:
The $LICKO memecoin has surged an incredible 116% in 24 hours to a market cap of $14.1 million. The plain old-fashioned rush has attracted a huge number of people, especially considering that the project itself is only 2 days old. This rise indicates just how quickly memecoins can attract capital, with no underlying foundation.
Discussion of the pump:
The principal causes of this surge were the popularity of the token (novelty is very important) and organized shilling by the community. At the initial days post-launch, memecoins tend to be endorsed by enthusiasts who promote it on social media and crypto channels. With $LICKO, however, it was mass talk and FOMO that fueled demand.
$LICKO Team:
Although the team's actions do not change anything, they were still able to make an impact on the audience. Reminiscent yet uncomplicated marketing measures, Twitter (X) and Telegram activity, and quick responses to trends ensured the project was promoted. Even small actions, such as the introduction of contests, attracted attention.
Future analytics:
We believe that after such a strong pump, there will be a correction - this is the norm for memecoins. But if the public remains interested, and the team continues to fuel the hype, then after the rollback $LICKO can continue to grow. The most significant factors will be developers' activity and the general market mood.
Conclusion:
$LICKO is certainly a successful memecoin at the moment, it has shown that even young memecoins are capable of explosive growth. However, investors should be careful: high volatility means high risks. If the project can maintain interest, it has a chance to gain a foothold in the market, but otherwise it will quickly disappear, like many other meme tokens. For more information on the token, you can look at its contract - 0xBf7F2B530c073e21EA0627F36DeEaec21A6adfec
We continue to monitor the developments around $LICKO
This article is not financial advice!
