Unvest Plunges 80% in a Day: Suspicions of Pump-and-Dump Scheme
Unvest, a cryptocurrency, experienced a significant drop of over 80% in just one day, leading to concerns about a possible pump-and-dump scheme. The sudden decline in value raises doubts about the coin’s credibility as a reliable investment option.
Main Points:
- Unvest’s trading volume within 24 hours was only $384, despite having liquidity of $37,000 and a market cap of $935,000.
- The coin’s value had previously traded between $0.0044 and $0.0048 but dropped sharply to $0.000024 in late June. It briefly reached a new high of $0.006 on July 16 before plummeting to $0.001199.
Unvest Notable Features:
- 0% buy and sell tax, making it more accessible for traders.
- Not adjustable tax structure for consistency.
- Transparency and community involvement due to being open source.
- No honeypot or proxy contract functionality, reducing the risk of malicious traps.
- Minting disabled to prevent inflation concerns.
Technical Indicators Show Strong Bearish Momentum:
Technical analysis indicates a potentially bearish market for Unvest. The trading pair UNVWETH is currently trading below the Moving Average indicator, suggesting that recent price movements are lower than the average over the past nine trading periods. The Moving Average Convergence Divergence (MACD) is also below the signal line, confirming the bearish sentiment.
Wall Street Memes: Disrupting Wall Street with Memes
Wall Street Memes is a cryptocurrency project that aims to challenge the dominance of major Wall Street players by uniting and empowering small-scale investors through humorous content in the form of memes. The project leverages blockchain technology to create a decentralized financial ecosystem and foster a vibrant and expressive community.
Main Points:
- Wall Street Memes’ presale attracted over four million investors.
- The project utilizes cryptographic techniques and decentralized consensus mechanisms to ensure secure transactions and information exchanges, mitigating risks associated with centralized systems.
Features of Wall Street Memes:
- Decentralized financial ecosystem challenging Wall Street players.
- Meme-based interactions for engaging and lighthearted community.
- Blockchain technology and smart contracts for secure and automated processes.
Wall Street Memes Presale:
The $WSM presale has reached a milestone of over $15 million and is close to reaching its hard cap of $15.4 million. The current price of 1 WSM is $0.316, with a potential increase to $0.0319 in the next stage.
How to Buy Wall Street Meme Token
To purchase Wall Street Meme tokens, investors have several options:
Using Crypto:
- Visit the website https:wallstreetmemes.com/en#walletbox.
- Click on “buy now.”
- Send BNB or ETH to your wallet.
- Swap BNB or ETH for $WSM.
Using USDT:
- Swap USDT – ERC-20 or BEP-20 for $WSM.
- Enter the desired amount and complete the swap.
Using Bank Card:
Use your crypto wallet address to order $WSM tokens with your credit or debit card.
Hot Take
The sudden drop in Unvest’s value raises concerns about its reliability as an investment. On the other hand, Wall Street Memes presents an intriguing opportunity to challenge the dominance of traditional Wall Street players through humor and blockchain technology. However, caution should be exercised when participating in cryptocurrency investments, as they can be volatile and risky.