XBULL Token is Up 1,000% Today But Crypto Experts Say It's a Scam – Here's What They're Stacking Instead

cryptonews.com:

XBULL is the latest straight to DEX meme coin making waves in crypto markets this week, after huge traction fuelled a sensational +1,000% opening pump on launch.

The spectacular display comes amid a frenzy in DEX markets, which has seen upstart projects explode on the back of trending crypto narratives like BASE and Telegram Bots.

XBULL appears to tap into the narrative surrounding Elon Musk's rebranding of Twitter to X.

DEX markets are flooding into XBULL token amid the impressive +1,000% pump, and despite retracement XBULL token is continuing to push high, trading at a current price of $0.0001412 (a 24-hour change of +1,444%).

The latest market entrant to undertake a supercharged rally, XBULL token was launched at just 2AM this morning (August 17).

Failing to make much of an impression on markets in its opening hour, by 3AM a trickle of traction grew into a flood of volume, and price exploded from a lowly $0.000075 to $0.000125 (+68%).

This gigantic hourly candle made an impression amid the low DEX volumes of the early morning trading session, and market interest swept into the project - fuelling a price explosion that topped out at $0.00015.

Yet, while early backers at this point had made an astounding +1,144% potential gain, price action soon gave way to technical retracement - which has so far seen XBULL bleed-out -8% since the local high at 7AM.

But with XBULL's rally fleeting, all is not over, as smart money have already began making moves on-chain to rotate profits into a new project with similar moon-shot potential.

As the meme coin vertical makes a resurgence, there is one project on everyone's watchlists and it's not Dogecoin or JIM, the latest market entrant making waves on Crypto Twitter is Wall Street Memes.

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