The crypto market emerged today as the US and UK announced trade agreements. This bullish silence has also been extended to Memecoin.
Beincrypto has analyzed three meme coins that investors can watch.
Peanut squirrel (pnut)
Release date – November 2024 Total circulation supply – 999.85 million PNUT Maximum supply – 999.85 million PNUT Complete Dilution Evaluation (FDV) – $266.38 million Contract Address – 2QEHJDLDLBUBGRYVSXHC5D6UDWAIVNFZGAN56P1TPUMPUM
PNUT is emerging today as one of the best performing coins, surged 76% to two months high. Currently trading at $0.279, Meme Coin faces significant support of $0.260. Ensuring this level of support is important to maintain recent profits and set the stage for further growth.
To continue the upward momentum, PNUT needs to hold support of $0.260 and push to $0.330. Violating this resistance will confirm current gatherings, attracting more investments and indicating the potential for sustained upward trends. Investors will closely monitor this major price action.
However, if PNUT fails to secure $0.260 support, it could be significantly reduced. Below this level, the coin will go below $0.182, down to $0.219, which will invalidate the current bullish outlook. This will erase recent profits and put Altcoin at risk of further losses.
Pepe (pepe)
Release date – April 2023 Total circulation supply – Maximum supply of 420.69 trillion Pepe – 420.69 Pepe Complete Dilution Evaluation (FDV) – $5.52 billion contract address – 0x6982508145454CE325DDBE47A25D445454CE
Pepe’s prices have skyrocketed 61% in the last 24 hours, pushing it up above $0.00001,000. Meme Coin is currently trading at $0.00001331. This rapid increase has sparked interest from investors, and Pepe is currently targeting the next level of resistance due to further price increases despite the potential for sales pressure.
Pepe faces a critical resistance of $0.00001369. Violating this level paves the way for a transition to $0.00001489, or in some cases $0.00001500. However, to maintain the upward trend, Pepe needs to avoid significant sales pressure from investors. This could hinder sustainable gatherings.
If Pepe fails to break through $0.00001369, the coin may experience a pullback. A reduction in local support of $0.00001146 is possible, and if this level is lost, Pepe is below $0.00001000 and heading towards $0.0000951. Such a move would negate the current bullish outlook and indicate potential debilitating.
Small Cap Corner – Fart Boy (Fart Boy)
Release Date – January 2025 Total Circulating Supply – 999.43 million Fart Boy Maximum Supply – 999.44 million Fart Boy Complete Dilution Evaluation (FDV) – $3577 million Contract Address – Y1AZT42VCECMSTJW4ZETK3VONARC1VXJ5IDJPIUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUPUP
Fartboy attempted to recover, posting a 52% rally today to reach $0.037. This price rise is part of efforts to recover losses from late March to early April. Meme Coin’s positive momentum is attracting attention as it moves to stabilize after a rough patch.
A bullish signal is revealed on Fartboy, supported by Nansen’s data, showing 1.28 million Fartboys, the equivalent of a $47,590 acquisition exchange. These indicators suggest a growing demand and a growing market interest in Fartboy.
If momentum continues, Fartboy can reach $0.051, securing recent profits and solidifying his recovery. However, if you can’t maintain a support level of $0.037, it could potentially decrease to $0.030. A drop to this level will negate bullish outlook and perhaps push the coin to further losses.
However, there are concerns. For example, data from the soul scanner shows that 37.97% of the supply is distributed via airdrops. In the case of meme coins, developers generally broadcast small supplies to many addresses, showing fake supply distributions.
Additionally, 44.27% of the tokens were purchased in “bundled” transactions. That is, a small group of wallets got a large chunk in a short span. This suggests a concentration of ownership or potential civil operations where a single entity may simulate activity using multiple wallets or gain control.
In some cases, bundled purchases indicate potential pump and dump setups that are tuned by insiders and whales.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
