Event:
The $VIBE memecoin has made another whopping 35% boost within the last 24 hours, and its market cap stands at $6.3 million. Such growth has again garnered the attention of the community since the token made its debut three days ago.
Pump review:
As we mentioned earlier, the major driver of growth for $VIBE is its timeliness and aggressive shilling on social media. New memecoins always get short-term boost through hype, and $VIBE is no exception. The community heavily promotes the token, creating memes and having discussions, which draws speculators.
$VIBE Team:
As indicated earlier, there is no considerable team or project working on $VIBE. No one has an idea who began it and what to do to monitor the progress. This is typical for memecoins, which have only a community background.
Future Analytics:
The future of $VIBE is extremely uncertain. Currently, its price is supported only by the shilling, but without underlying utility or significant investor support, the token is likely to face a steep dump (something which is already slowly starting to happen). Investors should be careful - these types of assets typically are a pump and dump.
Conclusion:
$VIBE is currently an unusual token that paints a common memecoin picture: rapid growth based on hype and gigantic possibilities of collapse. If you missed the chance to get in early, it would be too risky to join in now. The token does not have any backing except the community, thus its value is extremely volatile and unreliable. For more information regarding the token, you can refer to its contract - DFVeSFxNohR5CVuReaXSz6rGuJ62LsKhxFpWsDbbjups
We are still observing what transpires with $VIBE.
This article is not investment advice!
