COCKFIGHTS Price Pumps 20,000% in 24 Hours But Experts Are Accumulating WSM for the Next Crypto to Explode - Here’s Why
A tokenized billion-dollar cockfighting event, COCKFIGHTS, is hitting the airwaves of the crypto market.
Launched barely a week ago, it has garnered a 20,000% increase in the last 24 hours, hitting a record high of $0.2051 within a very short period.
However, amidst this meteoric rise, concern arises from experts who question the project's fundamental foundation.
Many have labeled it a potential honeypot scam, adding to the concerns that permeate the Wild West of the crypto lands.
Could they be wrong or right? The evidence seems to lean toward the latter.
Meanwhile, amidst all the hype, crypto experts are turning their attention to a different project – $WSM, a fast-growing meme coin.
Unlike COCKFIGHTS, $WSM boasts a solid background and has already made significant waves in a short time, garnering attention from crypto enthusiasts and experts alike.
Crypto investors who tap into a project early know that this strategy could radically change their financial journey, affording them the luxurious lives they envisage.
While many have profited off backing meme coins like $PEPE early enough, COCKFIGHTS seems to hit all the wrong notes.
Before delving into why crypto experts believe it is a honeypot scam, we will cover its price performance in the past day.
At press time, COCKFIGHTS' native token, $COCKS, is trading at $0.06810, reflecting a 20,000% increase during that trading window.
The fact that its trading chart shows only a short trading channel is a testament that several fake pumps or wash trades have occurred on this newly-launched token in the same period.
This meteoric increase has led to the COCKFIGHTS project recording a significant market valuation of $3.06 million from 4,463 trades.
The project's token hit a record
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