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The Top G price surged 40% in the last 24 hours to trade at $0.03319 as of 09:36 p.m. EST on trading volume that skyrocketed 381% to $205 million.
This comes after Andrew Tate, a former kick boxer-turned-social influencer, burned about $10 million worth of tokens, sending them to the SOL Incinerator.
The burn activity came after Tate kicked off his Friday afternoon with a series of Tweets that he would ”crash the Solana network” and called on his followers to send him coins that he would ”diamond hands” and ”never sell.”
Feeling rich and reckless.
2000 RTs and I will diamond hands over 1M USD today into random shit that I NEVER EVER SELL.
— Andrew Tate (@Cobratate) June 7, 2024
Tate’s public wallet was gifted $1 million to $1.5 million worth of TOPG, which amounted to 58% of the supply, by an X user identifying as $TOPG.
$TOPG then issued a challenge for Tate to burn his holdings and ”become the true Top G.”
Andrew Tate responded by burning tokens, prompting speculation that he might be behind the project.
After the surge, TOPG has retraced 42% from its all-time high (ATH) but still trades within a consolidation channel, as the bulls aim for a breakout above the channel, data from GeckoTerminal shows.
Top G Price Bulls Aim For A Breakout Above $0.06
The Top G price bulls are set to win the struggle for dominance, as they use the $0.020 support level to keep TOPG from falling on a bearish trend.
However, the retracement from the token’s ATH has pushed TOPG to trade below the 50-day Simple Moving Average (SMA), with the bulls aiming to surpass the SMA, which acts as the immediate resistance level at $0.036.
The Relative Strength Index (RSI) is also rebounding from the oversold level to trade within the 50-midline level, currently at 51, an indication of intense buying pressure.
The Top G price technical analysis on a 5-minute chart shows a bullish bias, as the bulls aim to win the struggle for dominance, which could push TOPG to a new ATH at $0.12.
Conversely, if the bears gain control at this level, TOPG may retrace to the next support zone around $0.011.
Meanwhile, meme coin lovers are also piling into another red hot meme coin, the new DOGE derivative ICO called PlayDoge.
According to crypto analyst and YouTuber Jacob Bury, $PLAY could potentially surge 10X after its launch
PlayDoge Meme Coin Raises Over $3 Million – Best Meme Coin To Buy Now?
In a little more than 10 days since its launch, PlayDoge (PLAY) has amassed over $3 million as its ICO explodes. As a Dogecoin derivative, $PLAY is a meme coin centered on the Shiba Inu dog breed, but similarities between the two end there.
PlayDoge is a mobile-based play-to-earn (P2E) game that transforms the DOGE meme into a Tamagotchi-style virtual pet, which allows users to earn $PLAY tokens.
Introducing #PlayDoge – the only #P2E Doge companion! 🐶
Inspired by the legacy of #Tamagotchi, feed, train and play with your 2D Doge to earn $PLAY. 💰
Don't neglect your doge, his life's on the line 😲💀
Join the #Presale Now ⬇️https://t.co/JT0VEofqf2 pic.twitter.com/RoJYXLS1FH
— PlayDoge (@PlayDogeGame) June 3, 2024
The project mixes ‘90s nostalgia with modern blockchain tech, and allows users to care for an 8-bit pixel Doge in the retro-style mobile game. Players get to feed, play mini-games, and bond with their virtual pet, earning $PLAY tokens in the process.
PlayDoge differs from Dogecoin in that it runs on the BNB Chain, a blockchain created by the world’s largest crypto exchange, Binance.
Apart from earning through P2E, token holders can also earn passively by staking $PLAY for an impressive 1,753% annual percentage yield (APY).
You can buy $PLAY tokens for $0.00504 each. With a price hike coming in less than 21 hours, don’t wait around too long if you want to lock in the best deal.
To join the presale, buy $PLAY from the official website here using BNB, USDT, or a bank card.
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