Event:
A pretty old and trending memecoin $PWEASE is pumping again on the wave of shilling. Within the last 24 hours, it grew by 125%. Its capitalization hit $13.5 million. Such a sharp growth provoked a wave of social media and crypto forums' discussions. Its owners actively promote its pumping, which further contributes to the hype around the project.
Pump analysis:
After analyzing the case, our specialists were unable to find any crucial reasons for such a growth. There were no significant updates, transactions or listings on large exchanges performed. Most likely, the pump is due to pure speculation and shilling on social networks.
Future realities:
Thanks to this pump, $PWEASE can be in a prolonged growth phase. Our specialists are sure that the memecoin can achieve its potential top in a very short period. With the proper attitude of the team and community towards the token, this is quite real. Surprisingly, active expansion was initiated on April 24, and then the community only triggered interest in the token. The project team also did not keep aloof - they promote the hype actively, and this causes the current rally.
Prospects of the $PWEASE team:
This team has already established itself as true professionals and their desire may well implement a cool product for a long period. $PWEASE has become a cult, a meme, which is valued at millions of dollars, and therefore it can gain a foothold in the market.
Conclusion:
$PWEASE demonstrates impressive growth, but investors should not forget the huge risks. Memcoins are, first of all, speculative coins, and its price can grow or fall drastically in any direction. Our specialists believe that in the short term, the token can continue to grow, but additional views are based on the additional activity of the team (this is not financial advice).
This article is not financial advice!
