MINKY on Base surged overnight, with its price jumping by 145%. As MINKY gains attention, some are questioning if Pepe Unchained might be a smarter investment for September.
MINKY Price Analysis: A Look at the Rally Amid Scam Allegations
Despite MINKY’s price increase, the crypto community on X is buzzing with concerns. Allegations suggest the developer controls 80% of the supply, raising investor red flags.
Before exploring price trends, it’s crucial to address these claims. Bubble maps reveal a concerning cluster of holdings tied to one entity. InsightX, an advanced analytical tool, shows that one user holds 59.46% of the total supply. Though lower than the initial claim, this still indicates that the developer might be selling into the current strength.
This situation creates potential risks for retail investors and latecomers. A broader sell-off could lead to a rug-pull scenario. Despite these concerns, MINKY’s technical indicators show a strong upward trend, with the price holding steady in an ascending trading channel.
A recent drop to the 20DMA support level around $0.00015 may have resulted from selling pressure from the developer’s cluster. The RSI also indicates a bearish divergence, showing overbought conditions at 61. However, the order book reflects strong buying interest, with 85% of transactions being taker buys in the last hour.
While the developer’s actions remain a concern, the current market sentiment could sustain MINKY’s momentum if the developer acts responsibly.
Pepe Unchained: A Top Meme Coin to Watch in September?
As MINKY presents significant risks, Pepe Unchained emerges as a promising alternative. This new project is more than just another frog meme—it reimagines the legendary Pepe for today’s crypto market.
The original PEPE, launched as an ERC-20 token, faced limitations due to Ethereum’s slower and more expensive network. In contrast, Pepe Unchained, built on a high-speed, low-cost layer-2 solution, offers a more advanced ecosystem for meme coin enthusiasts.
With its presale nearing $11 million, Pepe Unchained could be the next big thing in the meme coin market, offering a refined and efficient version of the original PEPE.
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