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Elon Musk Mints Millionaires As New Coins $X, Pepe X Pump – What’s The Next Cryptocurrency To Explode
In the 24 hour period since Twitter CEO Elon Musk rebranded the social media platform to X on Tuesday, several crypto wallets were tracked making profits in the high six figures trading X related coins.
Across the market, particularly on decentralized exchange platforms like Uniswap, new coins with X in their name, ticker or both exploded in price – including both honeypot scams, and some legit projects.
Many were pump and dumps – rising thousands of percent in inefficient moves before giving all their gains back to the market today. Some were created this week, like Pepe X, and others are more established, such as AI-X (X).
At the time of writing two X tokens are among the top crypto gainers on DEXTools, one is in the top daily losers, and another $X is trending in its top ten ‘hot pairs’. To add to the mania, the Dogecoin price also spiked over 10% Tuesday. What’s the next cryptocurrency to explode?
X Coins Create Crypto Millionaires
DeFi insider and founder of DealersDAO dealer.eth posted a thread for his 15,000 followers trying to navigate the latest crypto trend:
‘Elon Musk turned them into millionaires. In just 24 hours, these #crypto wallets went from $642 to $580k. Here’s how they did it (and rules to stay safe). Whenever hype hits, the DEX market goes wild with trending tickers. Today, X tickers skyrocketed, delivering massive gains of thousands of percent. Creators cashed in millions. Traders raked in hundreds of thousands.’
Using tools like Etherscan, DEXScreener, and Zerion wallet, he tracked the buys and sells of several traders, including one that bought profited close to $600,000 in 24 hours.
Dealer.eth noted the importance of checking the audit results for new coins on Uniswap to avoid ‘honeypot contracts’ when hunting the next cryptocurrency to explode.
On DEXTools that’s possible by clicking ‘more info’ under the smart contract details on the left navigation menu, then reviewing whether a new coin on Uniswap has the ability to mint new tokens, modify transaction taxes and trader balances, blacklist certain wallet address from trading, and more.
Pepe X token, for instance – of which there are several – has several audit issues and a low community trust rating.
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Next Cryptocurrency to Explode
With the Pepe price in a downtrend, down 7% in the past day and now under a $500 million market cap, what’s the ‘next Pepe’ set to explode?
Often the highest upside potential is to be found in a brand-new crypto project still at the pre-ICO or ‘pre-sale’ stage. Last week we highlighted the Evil Pepe Coin presale which launched July 18 and raised $100,000 on day one.
$EVILPEPE has now passed the $800,000 milestone and is set to end in just over six days, before its IDO on Uniswap.
A community focused meme coin, Evil Pepe taps into the spirit of ‘tracking the latest trending shitcoins’ and ‘apeing in’ to new coins, with the tagline ‘embrace your evil side’. Last week it was featured in Cointelegraph as one of the new cryptocurrency ICOs to watch this month.
Read more about Evil Pepe here and find the whitepaper here.
Earlier today crypto influencer Conor Kenny also reviewed the new meme coin project.
Before the six day countdown timer runs out, investors can take part in the $EVILPEPE presale at evilpepecoin.com.
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