Coq Inu (COQ) Surges 60,000% Since Launch
Coq Inu (COQ), a new memecoin built on the Avalanche network, has experienced an enormous surge of 60,000% since its launch in early December. The coin has gained significant attention from the crypto community and has maintained a steady upward trajectory since it began trading. In the past 24 hours alone, COQ has increased by 51%, according to data from CoinGecko.
Steady Growth Path and All-Time Highs
Coq Inu has shown consistent growth, with minor pullbacks that haven’t raised concerns among market participants. On December 10, the coin experienced a sudden spike, surging 101% from $0.000000246 to a high of $0.000000495, marking its all-time high at that time. However, it later faced a setback and dropped 24% in just one day. Nevertheless, COQ made a comeback and reached a new all-time high of $0.000000516.
Early Whales Profiting
Early whale investors who got in on Coq Inu are currently enjoying massive profits. Blockchain surveillance system Lookonchain revealed that COQ has surged by an astounding 60,000% since it started trading five days ago. One market participant bought 2.25 trillion COQ tokens on the first day of trading, worth 140 Avalanche (AVAX) or $3,680 at the time. These tokens are now valued at $1.48 million.
Similarities to Pepecoin
Despite being in the early stages, COQ aims to follow in the footsteps of Pepecoin (PEPE) during its early days. Shortly after launch, COQ attracted 1,100 holders and a trading volume of $1 million.
Hot Take: Coq Inu Makes Waves in the Crypto Community
Coq Inu (COQ) has quickly become one of the most talked-about cryptocurrencies in the community. With its massive surge since launch and the profits early investors are enjoying, COQ has captured the attention of traders and enthusiasts alike. While it remains to be seen how COQ will continue to perform in the market, its impressive growth and similarities to other successful memecoins make it an intriguing asset to watch.
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