Coq Inu

Read

Avalanche

<p class="is-style-lead">Coq Inu (COQ), a recently launched Avalanche-based meme coin, has leveraged the latest market-wide uptrend to register a massive 60,000% surge since its launch earlier this month.</p> 
<p>Launched on Dec. 7, Coq Inu has quickly garnered significant attention from the crypto community, maintaining a sustained uptick since it started trading. Amid the upsurge, COQ is up 51% over the past 24 hours, data from CoinGecko shows.</p> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1000" height="592" src="https://crypto.news/app/uploads/2023/12/COQ-price-Dec-12.png" alt="Coq Inu up 51% in 24 hours and 60,000% since launch - 20" class="wp-image-14226322">
 <figcaption class="wp-element-caption">
  COQ price – Dec 6 | Source: CoinGecko
 </figcaption>
</figure> 
<p>The meme coin has been on a steady growth path, with its pullbacks too minor to trigger any concerns among market participants. In a recent intraday spike on Dec. 10, Coq Inu surged 101% from $0.000000246 to a high of $0.000000495. This marked its all-time high at the time.</p> 
<p>However, the asset witnessed a major setback at this price, collapsing 24% within a day. A resurgence saw COQ register a comeback against the bears, eventually rallying to a new all-time high of $0.000000516 earlier today.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/ethereum-gets-the-boot-as-enjin-migrates-200m-nfts-to-its-own-blockchain/"> Ethereum gets the boot as Enjin migrates 200m NFTs to its own blockchain </a> </p> 
<h2 class="wp-block-heading" id="early-whales-in-massive-profit">Early whales in massive profit</h2> 
<p>Amid these surprising highs, early whale investors are currently sitting on massive profits, as detailed by the blockchain surveillance system Lookonchain. In a disclosure on X today, Lookonchain pointed out that COQ has rallied by a mind-boggling 60,000% rise since it started trading five days ago.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The price of <a href="https://twitter.com/search?q=%24COQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$COQ</a> has increased by 60000% since its listing.<br><br>A trader (possibly an insider) transferred 140 <a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$AVAX</a>($3,680) to 14 new wallets and bought 2.25T <a href="https://twitter.com/search?q=%24COQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$COQ</a>($1.48M currently), making an unrealized profit of ~$1.47M in less than 4 days. <a href="https://t.co/otOFWvOFmb" target="_blank">pic.twitter.com/otOFWvOFmb</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1734456857845235855?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 12, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The surveillance resource revealed that a market participant purchased 2.25 trillion COQ on Dec. 7, the meme coin’s inaugural trading day. These 2.25 trillion tokens were worth 140 Avalanche (AVAX) or $3,680. Following the meteoric rise, the tokens are now valued at $1.48 million.</p> 
<p>Despite the impressive ROI, the trader has not dumped the COQ tokens at the reporting time. The assets are currently stored in two separate addresses, with these two addresses ranking as the second and third largest COQ holders. Lookonchain suggests that the trader is an insider.</p> 
<p>Though early in the market, COQ seeks to drive the same <a href="https://crypto.news/pepes-price-explosion-whats-behind-meme-coins-surge/">wave</a> as Pepecoin (<a href="https://crypto.news/price/pepe/">PEPE</a>) in its early days. Shortly after launch, the token reached the 1,100 holder count, attracting a <a href="https://crypto.news/glossary/volume-in-crypto-trading/">volume</a> of $1 million.</p> 
<p> Read more: <a href="https://crypto.news/ftx-faces-us-officials-tax-claims-prior-to-compensation-of-bankruptcy-victims/"> FTX faces US officials’ tax claims prior to compensation of bankruptcy victims </a> </p>

Coq Inu up 51% in 24 hours and 60,000% since launch

Table of Contents

crypto.news

Other articles published on Dec 12, 2023

SNAP Hits 15-Month High as Advertising Outlook Improves

Bitcoin Exchange Binance Announces This Altcoin Will Support Network Upgrade!

Shiba Inu’s Shytoshi Kusama among 50 most influential people in 2023, Meme Moguls farming program...

Floki surges 4% following announced campaign with TokenFi

Donald Trump releases new Mugshot NFT collection

What’s the Key to Success in Generative AI? Hint: It Starts with Data

Join our free newsletter for daily crypto updates!