Event:
In the last 24 hours, the $MOONPIG memecoin, which is on the Solana blockchain, has demonstrated a whopping 47% increase, while its market capitalization has climbed to $25.9 million. Such a rise has drawn market players' attention, particularly against the overall volatility of memecoins. $MOONPIG has demonstrated sudden spikes before - its price, for instance, has risen by 1200% before in two weeks to $0.12, only to correct afterward.
Pump review:
The major cause for the growth currently is the dedicated community, which continues to promote the token relentlessly even though it is volatile. Traders and influencers are shilling the project, new investors in the form of ordinary people. Other significant statements also help the token develop.
$MOONPIG Team:
So far, the project team is giving holders nothing out of the ordinary. Unlike other memecoins, where devs implement some features, $MOONPIG lives only because of hype and social media. The project mascot - Nova the pig in a spacesuit - remains the main symbol, yet without additional efforts, interest in the long run can fall off.
Future analytics:
Having thoroughly analyzed the chart, in our view, if the team will begin to interact more actively with the community, for example: collaborations or utility functions for holders, $MOONPIG will have potential for a new growth wave. For now, its fate depends on market trends and traders' actions. If the altseason continues and the demand for Solana memecoins rises, the token can become a repeat of its past successes.
Conclusion:
$MOONPIG is an average memecoin with a high volatility, yet at the same time, with the potential to experience steep spikes. Its current surge is largely due to the public, not the devs. To continue development, the team needs to work more with the public, or else the project remains in the shadow of more energetic competitors. For additional information regarding the token, you can look at its contract - Ai3eKAWjzKMV8wRwd41nVP83yqfbAVJykhvJVPxspump
We are still monitoring the happenings in the $MOONPIG token.
This article is not investment advice!
