A BNB blockchain-based meme coin known as Cat (CAT) is has pumped up over 100% on Wednesday, whereas one other meme coin known as Shibarium Token (SHIBARIUM) is up over 130%.
The previous’s newest rally has pushed its market cap again to the north of $1 million, with over $2.5 million in buying and selling volumes coming in within the final 24 hours alone.
CAT now has practically 12,000 holders, spectacular stuff.
Nonetheless, whereas DEXTools’ GoPlus safety audit identifies no points with the token’s sensible contract, the greater than $300,000 in DEX liquidity shouldn’t be locked, which means CAT might nonetheless find yourself being a rug pull.
SHIBARIUM, in the meantime, final had a market cap of near $1 million, however might be a rip-off.
The token’s web site tries to falsely indicate that it’s ultimately related to the Shiba Inu ecosystem, which is about to launch the official public model of its Shibarium Ethereum layer-2 scaling protocol.
However Shiba Inu hasn’t launched a coin known as Shibarium – the token seems to be a faux making an attempt to profit from the hype of the Shibarium launch.
That signifies that patrons of this token ought to train excessive warning that the token is simply an tried rug pull.
Certainly, the $300,000 in DEX liquidity isn’t locked, and will pulled at any second.
DEXTools’ GoPlus safety audit additionally reveals the token’s issuer might pause transfers at any second.
Purchase SHIBARIUM at your individual peril.
Right here Are the Greatest Meme Coin Alternate options
Two not too long ago launched cash known as BTC20 and Shibie might current a significantly better risk-reward alternative for merchants, due to their compelling worth propositions, and given the sturdy chance that they aren’t scams.
BTC20 is Bitcoin “reborn” on the Ethereum blockchain, with the very same tokenomics, however with the clock wound again to April 2011, when Bitcoin briefly hit $1 per token.
The token was initially offered in presale for $1 every (with 6.05 million offered, in keeping with Bitcoin’s provide again in April 2011).
However it hit highs round $6 per token on the finish of final week.
Whereas it has since slipped again beneath $2 per token, presale buyers are nonetheless near 2x up.
And buyers proceed to view BTC20 as one among 2023’s finest passive earnings alternatives.
That’s as a result of BTC20 may be staked, with members of the staking pool gaining from the issuance of recent BTC20 tokens, in keeping with the issuance charge of Bitcoin again in 2011 (again when it was very excessive).
As per BTC20’s staking dashboard, APY’s are at present over 60% for individuals who purchase and stake the token.
Furthermore, 88% of BTC20 liquidity is locked 12 months, and the DEXTools’ GoPlus safety audit reveals no regarding features of the token contract.
Merchants can relaxation assured that BTC20 isn’t a rip-off.
Shibie Token (SHIBIE)
A good newer token known as Shibie, which aptly combines the themes of the Shiba Inu canine meme with Barbie, which has been taking the worldwide field workplace by storm this summer time, has been pumping since its DEX launch earlier within the day.
SHIBIE was final buying and selling round $0.0003, up 2x from its DEX launch value and with a market cap of round $1.5 million.
Liquidity is 100% locked for 3 months, and DEXTools’ GoPlus safety audit has recognized no regarding features to the contract.
This token actually likes like an try to generate an actual pump, to not rip-off its early buyers.
With Shiba Inu pumping due to the upcoming Shibarium launch, Shibie might do very very effectively.
Disclaimer: Crypto is a high-risk asset class. This text is offered for informational functions and doesn’t represent funding recommendation. You can lose all your capital.