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PigLido has made monumental gains in under 5 hours of being listed on DexTools. PigLido has climbed a massive 46,500% as per the latest price action, and this might be just the start!
The price data shows that PigLido has only been live for a few hours, and the trading volume has surpassed 10% of the overall market cap.
The PigLido/WETH trading pair began trading at 0.0000079 on August 30, 5 pm UTC, and the token is trading at $0.0032 at the time of writing. The 24-hour trading volume for the token is at $399.6k, and the total market cap is $3.24 million.
At the time of writing, the token has about 285 unique holders. A few token holders among these hold the majority of the token supply. The top holder, in particular, holds about 73% of the token supply, whereas the top 5 holders account for over 85%. In addition to this, the token does have a few more negatives.
A review of the four token audits uncovered a series of concerns within the smart contract, including identifying problems like blacklisting, a minting function, a concealed ownership structure, and indicators suggesting the absence of a locked liquidity pool.
With that being said, PigLido is a very new project, and it’s best for investors to take a thorough look into the fundamentals of the project before making any investment decisions.
What Is PigLido?
Here’s a brief look at the project’s details to help investors make informed decisions.
PigLido was introduced as a presale to reach 700 ETH, of which funds worth 140 ETH have been raised. The presale is expected to continue for two more days, wherein investors can purchase PigLido tokens in exchange for ETH.
As for the project’s fundamentals, there’s no explicit mention of the products made available by the project. However, the website claims that the project aims to “simplify access in web3 and crypto word investment. It includes 20 targets, which are BTC, ETH, Polygon… NFT and Artificial intelligence.”
Pig Lido #PIGO Ecosystem 🐷🐷✅🚀 pic.twitter.com/PT5hNOmMLE
— Pig Lido (PIGO) (@pig_lido) August 27, 2023
PigLido’s roadmap highlights the launch of the PigLido website and building community in August 2023, followed by the launch of a “PigLido Aggregator Yield ” platform and listings on major crypto exchanges such as Coingecko, KuCoin, and Binance.
The project also lists plans to introduce an “Artificial Intelligence and Big Partnership announcement” in November next year. It also plans to launch a NFT Collection by April 2025.
While the PigLido website highlights many features, the project doesn’t have an actual product yet. Given the details, it would be best to conclude the recent uprise in PigLido’s price based on hype.
However, upon seeing the many red flags about this asset on Dextools, such as no trust and the fact that it has been categorized as a honeypot – a scam asset to trap investors – there are legit investments in the market that you should be looking at.
Wall Street Memes – A Better PigLido Alternative
Wall Street Memes ($WSM) has stood out amidst market chaos, gaining significant attention and nearing the end of its presale phase. It achieved the impressive feat of raising $26 million in just over three months.
Part of its success is its finance-related memes with a comedic of the current bearish macroeconomic events.
Are ya winning dad? pic.twitter.com/OHJLBo6FZ0
— Wall Street Memes (@wallstmemes) August 29, 2023
The $WSM team has revealed plans to launch on top-tier exchanges soon, which could potentially drive its value upwards.
A distinctive aspect of $WSM’s strategy is its token distribution plan. They allocate 50% of the 2 billion tokens to the presale, with 30% reserved for community rewards and 20% for liquidity maintenance across exchanges. This balanced approach indicates a commitment to building a robust, community-driven project.
$WSM introduced staking with an impressive annual percentage yield (APY) of up to 101%. This feature offers lucrative rewards and encourages token holders to maintain their positions, potentially stabilizing the price when $WSM hits exchanges.
Adding to the excitement, Wall Street Memes hosts a $50,000 airdrop exclusively for presale supporters, drawing in over 81,000 participants through social tasks on their Discord.
With the massive community behind the project and such a successful presale, $WSM is among the best presales to invest in.
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