Rally

FOMO

Bitcoin

Coin

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/altcoin/meme-coin-mania-harrypotterobamasonic10inu-price-rally-and-potential-pitfalls/">Meme Coin Mania: HarryPotterObamaSonic10Inu Price Rally and Potential Pitfalls</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>To a greater extent, it is true that there is always a bull rally in the crypto market. As Bitcoin and other top digital assets struggled to maintain a bullish uptrend in the past few weeks, an upcoming meme coin called HarryPotterObamaSonic10Inu has grabbed the attention of most altcoin traders. The meme coin has rallied approximately 343 percent in the past 30 days to trade around 18 cents on Wednesday.&nbsp;</p> 
<h2 id="but-there-is-a-catch" data-name="but-there-is-a-catch" class="wp-block-heading">But there is a Catch</h2> 
<p>According to the latest crypto market data, HarryPotterObamaSonic10Inu had a fully diluted valuation of about $188.2 million and a 24-hour trading volume of approximately $12.7 million. The notable increase in trading volume and network growth has, however, seen a significant uptick in social dominance, which is considered bearish, according to Santiment. Moreover, the crypto markets often tend to reverse every time the FOMO traders enter en masse a given trade.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa84.png" alt="🪄" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4f7.png" alt="📷" class="wp-smiley" style="height: 1em; max-height: 1em;">The biggest <a href="https://twitter.com/hashtag/memecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#memecoin</a> on the block hasn't stopped its pumping ways. Despite many <a href="https://twitter.com/hashtag/altcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#altcoin</a> retracements today, <a href="https://twitter.com/hashtag/HarryPotterObamaSonic10Inu?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#HarryPotterObamaSonic10Inu</a> price is now +182% in August. Watch volume &amp; network growth (rise is good), &amp; social dominance (rise is bad). <a href="https://t.co/NGd8rsWrek" rel="noopener noreferrer nofollow">https://t.co/NGd8rsWrek</a> <a href="https://t.co/ZMBXtAq4KU" rel="noopener noreferrer nofollow">pic.twitter.com/ZMBXtAq4KU</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1691661555723837876?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 16, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Meanwhile, HarryPotterObamaSonic10Inu traders have been cautioned to proceed with extra measures after blockchain experts uncovered glaring shortcomings in the smart contract. Reportedly, the HarryPotterObamaSonic10Inu deployer has the ability to modify the smart contract to either disable selling, change fees, mint new tokens, or transfer tokens.</p> 
<p>The EEC-20 meme coin has attracted significant trading due to its enhanced liquidity of up to $6 million on Uniswap, according to aggregate data provided by dexscreener. Notably, the HarryPotterObamaSonic10Inu token has risen to trade among the top meme coins, currently higher than Baby Doge Coin, and Dogelon Mars.</p>

Meme Coin Mania: HarryPotterObamaSonic10Inu Price Rally and Potential Pitfalls

Table of Contents

CoinPedia News

Other articles published on Aug 16, 2023

BitPay Enables Global Support For XRP, Revolutionizing Cross-Border Payments

Allbridge releases a Stacks token bridge

US Crypto Miners Get New Lobby Group as Nation Mulls Crypto Regulatory Framework

SHIB’s Lead Developer Attributes the Project’s Success to the SHIBArmy

Binance Fires Back at SEC, Alleging Discovery Abuse and Seeking Legal Safeguards

ONEUNIVERSE Holds Second NFT Sale for Champions Arena

Join our free newsletter for daily crypto updates!