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🔥Sol Chain has finally released another large MC memecoin, Snowball, defying the "1M death law," with its market value soaring to 8M in just 5 days!
The narrative behind Snowball is "using creator revenue to buy coins through market making," touted as a perpetual motion machine. Ignore it; it's unimportant.
✳️Importantly: The MEME world has been very tough lately, with everything needing to be boosted once it reaches 1M, but it broke the curse and surged to 8M in 5 days, and even got listed on Bybit Alpha and Mexc Meme+, which is very rare recently.
Then I saw several KOLs mention it, which is something that hasn't happened in a long time.
🚨Risk: The 8M mark is in a rather awkward position right now. 10 million USD is a life-or-death line. If the market maker lacks strategic vision, failing to cross it will lead to an abyss. My thoughts are: either wait for a sharp, halved pullback (to see if it can find support after a shakeout), or see if it can break through the 10M mark with increased volume and then retrace to the 10M mark.
@BTCOld8's comment is worth reflecting on: Play around, but don't get carried away.
Looking at the associated token PUMP, it has a market capitalization of 2 billion and its price movement has been relatively stable in the past two days.
Do you think the ball can roll past the 10 million mark? 👇
#Snowball #PUMP #SOL #雪球

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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