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In a remarkable overnight surge, the cryptocurrency MINKY on Base has experienced a substantial price increase of 145%. As we approach September, the question arises: could the viral alternative to PEPE, known as Pepe Unchained, be the best investment option? This article delves into the recent price trends surrounding MINKY’s breakout and explores why analysts are touting Pepe Unchained as the ‘best crypto to buy’ this September.
MINKY’s Price Surge and Scam Allegations
Despite the exhilarating rise in MINKY’s price, claims of a ‘scamcoin’ have surfaced within the crypto community on social media. Concerns stem from reports that the developer retains nearly 80% of the total token supply.
MINKY Price Analysis: Investigating the Concerns
Before analyzing MINKY’s price movements, we must address the allegations of potential developer control over the token supply. Bubble maps reveal a significant concentration of holdings, with over 59% of total supply held by a single user.
Advanced tools like InsightX confirm this concentration, suggesting that the developer is likely cashing out during this bullish phase. This creates a looming risk for retail investors if the developer decides to sell off their holdings, which could trigger further selling pressure in the market.
Despite these concerns, MINKY shows clear technical strength, as it remains within a strong upward trading channel. The price recently tested support at around $0.00015, possibly influenced by selling from the developer’s holdings. However, there are also signs of strong retail interest, with 85% of transactions in the last hour being taker buys.
While the situation appears enticing, the heavy developer influence poses risks that investors should carefully consider.
Pepe Unchained: The Promising Alternative
As MINKY presents considerable risks, attention must shift to the emerging project Pepe Unchained, which could offer better investment prospects. This project aims to redefine the Pepe brand, transforming it into a more efficient and user-friendly ecosystem.
Historically, the original Pepe token faced limitations due to its launch as an ERC-20 token—often criticized for being slow and costly on Ethereum. However, Pepe Unchained introduces a new layer-2 solution that enhances speed and affordability, allowing developers to build upon the foundational Pepe token effectively.
Positioned as PEPE 2.0, Pepe Unchained offers a more refined and powerful iteration of its predecessor, contributing to a burgeoning ecosystem. With a presale already surpassing $11 million, investing in PEPU could be a rewarding opportunity as we enter September. Don’t miss your chance to be part of this exciting development in the meme coin landscape.
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