All about Solana’s new MANEKI crypto and how it flipped WIF

As the memecoin battle gains more traction, new cryptos get launched, with MANEKI being the latest addition to the pack. The recently launched memecoin created buzz in the community with a massive price rise since launch., the memecoin’s price has surged by more than 30,000% since its launch, making it one of the most talked-about cryptos in recent days., MANEKI was up by nearly 14% in the last 24 hours alone. At press time, it was trading at $0.02572.

The reason behind this explosive bull rally could be attributed to multiple listings on large exchanges like Poloniex and Gate.io. Apart from that, MEXC Global, yet another large exchange, also recentlyAnother possible driving force behind the MANEKI’s massive growth could be whale interest. Seven wallets, possibly belonging to a single person, spent 3,388 SOL, worth $525K, to buy 3.99 billion MANEKI within 1 minute after the coin went online.

Its Relative Strength Index was also resting well above the neutral mark. However, if the RSI enters the overbought zone, selling pressure on the meme coin might increase. This can cause a price correction.Dipayan is a full-time journalist at AMBCrypto. He has 2 years of experience in the content creation industry. A graduate in journalism, Dipayan has a keen interest in keeping himself updated with the latest developments in the crypto-space.

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