Santiment warns of the end of the frenzy for meme token price surge

Sanitment declares that the sudden surge in trading volumes of meme tokens such as SHIB, PEPE, FLOKI, and BONK might indicate a potential price manipulation or pump-and-dump scheme orchestrated by a group of whales. The abnormal increase in trading activities of these tokens raises concerns about their stability and long-term value. Investors should exercise caution and conduct thorough research before engaging in any transactions involving these meme tokens. Santiment remains committed to providing insightful data and analysis to help investors make informed decisions in the volatile cryptocurrency market.

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Santiment declares that the sudden increase in trading volume of meme tokens such as SHIB, PEPE, FLOKI, and BONK could indicate a reversal in the price of these meme tokens.

While Bitcoin (BTC) and meme tokens like Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe coin (PEPE) experience significant gains, some investors have taken this as an opportunity to sell for profit.

As meme tokens continue to soar, and are expected to rise further, Santiment advises investors to exercise caution with meme tokens.

Santiment notes that the trading volume of certain meme tokens has seen a significant increase, attracting particular attention in the previous week.

Meme tokens like SHIB, PEPE, FLOKI, and BONK have witnessed unusual surges in trading volume, with an average increase of over 3,000% in just one week.

According to Santiment, the sudden surge in trading volume has resulted in price increases and heightened community interest in these meme tokens.

Santiment argues that the sudden increase in trading volume, combined with the rise in social volume, could be an important indicator of potential price reversals in the coming days.

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