Memecoin UFC is Up 27,000%
Immediately after launching on the Solana network, the UFC memecoin rose 27,000%.
On April 14, the UFC memecoin entered the Solana network and momentarily gained 8,000,000% in just 1.5 hours, attracting huge attention from crypto market participants. The coin is having plummeted precipitously amid a massive sell-off.
$UFC - Ultimeme Fighting Championship (SOL)
— Thor | Kirito (@Thorshammergems) April 14, 2024
Copped some $UFC. Just launched and chart moving pretty fast here on good volume. Catchy cashtag. And looks memeable here. Time entry on dips as chart near highs.https://t.co/7i29a28nFvhttps://t.co/A2NQNPluoh@ultimemefc… pic.twitter.com/ZIpwhIMhVv
After such a dizzying rise, the coin quickly fell to its lows. Over the past 24 hours, the UFC price collapsed 94% to $0.00007825 amid a massive sell-off by early buyers.
However, the memecoin still has a chance for another rally given the buying pressure, which stands at 52% over the past 24 hours.
The UFC memecoin has a market capitalization of $23,000. Ultimeme Fighting Championship was launched as part of the GameFi project, which offers an interactive gaming experience with the UFC token.
Interestingly, the Solana-based memecoin sector is up 28% in the last 24 hours, despite a general downturn in the entire cryptocurrency market. Leading the growth today were ERC20 (+77%), King Shiba (+13%) and Super Trump (+10%).
