Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Meme Coin Crash Will Fuel CTO Rise: Fluffington Surges 10,700% After Community Takeover

Meme Coin Crash Will Fuel CTO Rise: Fluffington Surges 10,700% After Community Takeover

99bitcoins99bitcoins2024/08/16 13:09
By:FatimaSam Cooling

Meme Coin Crash Will Fuel CTO Rise: Fluffington Surges 10,700% After Community Takeover image 0

Fluffington, what? I have never heard of this character before. Maybe I’m too old. Launched on Pump Fun, it successfully managed to get the required buyers to migrate to Solana and become a real token—something less than 0.1% of all launches do.

Yet the developer chose to do a so-called rug and sell all his tokens, so the community had to jump to action and do a so-called CTO (Community Takeover).

With the right people motivated and hungry doing these takeovers on coins such as Fluffington, tokens can absolutely fly. This happened here again.

From being totally dead with a market cap of less than $100.000 to surging to over $10 million all within a day, some people will have made life-changing money in only a few hours.

Fluffington Price Movement Suggest Another Surge Up?

Meme Coin Crash Will Fuel CTO Rise: Fluffington Surges 10,700% After Community Takeover image 1

(Fluffington – USDT)

Despite having absolutely mooned in the past 24 hours, Fluffington is actually looking like it’s ready for another burst.

Since midnight EU time, it has been doing what’s called consolidation, where early buyers take profit, and new buyers step in to take over.

The volume of Fluffington has evidently kept up well. In the past 24 hours, it’s sitting well above $17 million, and by the looks of the chart, it’s only a tiny push away from breaking up again.

Could it really hit a $50 to $100 million market cap in such a short amount of time?

EXPLORE:  How to buy ethereum as a Beginner

HUGE Accounts Show Interest In Fluffington

My new pet! $FLUFFI

He just tweeted 30 minutes ago and this is first FLUFFINGTON pump meme created.

DEV sold.

NFA this may run.

💊 : https://t.co/bNwnpWIoGt

— Elon Musk (Parody) (@ElonMuskPDA) August 15, 2024

Apparently, the craze surrounding Fluffington was all started by a parody account of Elon Musk with over 200.000 followers on X.

It seems absurd to tweet about a token worth less than $50.000 at the time of his tweet to over 200,000 followers, but I guess that’s crypto for you. In this case, it worked out wonderfully, with a nearly 200x return for those who got lucky.

But please be advised that Pump Fun is a casino, and 99.99% of people lose ALL their money!

DISCOVER:  Next 1000x Crypto – 17 Coins That Could 1,000x in 2024

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Investors Pick Troller Cat from the Best Meme Coins to Buy Today with Hours Left for Stage 7 – Book of Meme and ANDY Cool Off

The Troller Cat presale is gaining momentum, with over $150K raised and a 3541% ROI projection, while BOOK OF MEME and ANDY prices struggle.Troller Cat Is Gaining Ground as the Top Presale in a Crowded Meme Coin MarketBOOK OF MEME Price Drops 12.80 Percent as Momentum SlowsANDY Falls Nearly 10 Percent as Early Momentum CoolsConclusion

Coinomedia2025/05/31 07:56
Investors Pick Troller Cat from the Best Meme Coins to Buy Today with Hours Left for Stage 7 – Book of Meme and ANDY Cool Off

3 Top Presale Crypto Projects That Let You Earn Instantly Through Referrals

Explore top presale crypto projects offering instant rewards. BlockDAG gives 25% referrals, while Unstaked and Web3 ai offer 10% each. Start earning today.Unstaked: AI Tools and 10% Referral IncomeWeb3 ai: Early Pricing and 10% Referral BenefitReferral Rewards Are Driving Real Earnings

Coinomedia2025/05/31 07:56
3 Top Presale Crypto Projects That Let You Earn Instantly Through Referrals

Ethereum Rebound Likely if Price Holds $2,550

Ethereum eyes $2,650 as TD Sequential hints at a bullish rebound if $2,550 support holds strong.Potential Bounce Ahead for EthereumTechnical Indicators Support a Move to $2,650Why This Level Matters for Traders

Coinomedia2025/05/31 07:56
Ethereum Rebound Likely if Price Holds $2,550

Bitcoin Retail Panic After Buying Near ATH Levels

On-chain data shows retail investors panic after buying Bitcoin near all-time highs and seeing a slight market correction.Retail Investors Buy Late, Panic EarlyA 6% Dip Sparks Panic SellingLessons from On-Chain Data

Coinomedia2025/05/31 07:56
Bitcoin Retail Panic After Buying Near ATH Levels