As TONY Token Pumps Up 300x in 24 Hours, This Other Meme Coin is About to List on Exchanges

cryptonews.com:

In the latest Solana meme coin pump, TONY token has exploded 300x in less than 24-hours, but as retracement enters the chart, TONY price analysis reveals a rocky road-ahead.

This comes as recent months have seen a new trend in SOL-based DEX-traded token pumps, with countless Solana meme coin moon-shots garnering significant attention, including 2024′, SOLAREUM, Joe on SOL, BINK, BONG, MUSK, FLUB, PUMA and HOPPY.

Doubling down on my bet here on $TONY

Looks like the next solana sendor – 500K

With all due respect, you've got no idea what it's like to be number one. pic.twitter.com/NBm6Gry3hI

— coreh (@corehETH) January 19, 2024

TONY token, is a Mafia-themed, poking fun at Tony Soprano’s character in the popular HBO-series The Soprano.

As price action fights to push up, TONY token is currently trading at a market price of $0.000467 (representing a 24-hour change of +195.45%).

This comes after a dazzling launch, which saw TONY launch around 02:00 (UTC) on January 18, from an initial price of $0.00001, in a move that gained almost immediate traction posting +5,275% in the first hour.

A brief consolidation saw a lower support level established above $0.0002, and this set the stage for a further +750% push over the following hours to an all-time high at $0.0018.

Yet, as early-backed took profit on the dramatic 300x move, a resounding retracement has gained a grip on price action, driving price down -70% to hit consolidation around $0.00038.

But, with price action reeling in an attempt at a second bounce, a critical juncture is identified in TONY price analysis, with significant difference between the $463k market cap (which suggests as much as 10x growth could be possible here) and a meagre liquidity pool of just $38.2k.

This could leave