{"id":420062,"date":"2023-07-18T15:25:05","date_gmt":"2023-07-18T15:25:05","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=420062"},"modified":"2023-07-18T15:25:05","modified_gmt":"2023-07-18T15:25:05","slug":"hoppy-coin-plunges-50-on-dextools-another-scam","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/hoppy-coin-plunges-50-on-dextools-another-scam","title":{"rendered":"HOPPY Coin Plunges 50% on DexTools. Another Scam?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Hoppy Coin ($HOPPY) plunged 50% in a day, prompting concerns about a potential pump-and-dump scheme.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The recent price drop appears to be connected to the listing of $HOPPY on Poloniex, which took place yesterday at 07:00 EST.&nbsp;&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#127381; Listing: <a href=\"https:\/\/twitter.com\/HOPPYToken?ref_src=twsrc%5Etfw\">@HOPPYToken<\/a> &#127881;<a href=\"https:\/\/twitter.com\/search?q=%24HOPPY&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$HOPPY<\/a> wallets will open on July 17, at 10:00 UTC and full trading will be enabled on July 17, at 11:00 UTC. <a href=\"https:\/\/t.co\/4yMMRDoZ8o\">https:\/\/t.co\/4yMMRDoZ8o<\/a><a href=\"https:\/\/twitter.com\/hashtag\/HOPPY?src=hash&amp;ref_src=twsrc%5Etfw\">#HOPPY<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/listing?src=hash&amp;ref_src=twsrc%5Etfw\">#listing<\/a> <a href=\"https:\/\/t.co\/PW9Z5Z7Acg\">pic.twitter.com\/PW9Z5Z7Acg<\/a><\/p>\n<p>&mdash; Poloniex Exchange (@Poloniex) <a href=\"https:\/\/twitter.com\/Poloniex\/status\/1680882719566475264?ref_src=twsrc%5Etfw\">July 17, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Subsequently, following the euphoria of being listed on an exchange, tokens often witness an initial surge in price.&nbsp;<\/span><span style=\"font-weight: 400\">However, this upward movement is typically followed by a significant decline as many investors aim to secure their profits and sell their holdings.<\/span><\/p>\n<h2>Hoppy Coin Price Moves Since Launch<\/h2>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/www.dextools.io\/app\/en\/ether\/pair-explorer\/0x25942771b17f3790bf32cae7af7d539ce42cdc79\"><span style=\"font-weight: 400\">Dextools<\/span><\/a><span style=\"font-weight: 400\">, at exactly 05:03 EST on July 18, the asset had 24 hours trading volume of just $5.3 million. Despite that, HOPPY\/WETH has a liquidity of $345,000 and a market cap of $935,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Three days ago, Hoppy coin entered the market with an initial trading price of $0.0000000003.&nbsp;<\/span><span style=\"font-weight: 400\">It experienced a remarkable surge of 91%, reaching an All-Time High of $0.00000004 on July 17 at 00:30 EST.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, subsequent market dynamics caused the coin&rsquo;s value to decline significantly by nearly 50% on July 18, settling at $0.00000001.<\/span><\/p>\n<h3>Hoppy Technical Indicators &ndash; Potential Surge?<\/h3>\n<p><span style=\"font-weight: 400\">We aim to gain insights into the market conditions and forecast potential price movements by analyzing these indicators. <\/span><span style=\"font-weight: 400\">Looking at the chart, HOPPY is trading above the <\/span><span style=\"font-weight: 400\">Moving Average Indicator<\/span><span style=\"font-weight: 400\">, indicating a positive market trend.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">This suggests that the asset&rsquo;s price is higher than the average price over a specific time, suggesting potential strength and positive sentiment among traders.<\/span><\/p>\n<figure id=\"attachment_420069\" aria-describedby=\"caption-attachment-420069\" style=\"width: 522px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\" wp-image-420069\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-18-162750-300x150.png\" alt=\"HOPPY\" width=\"522\" height=\"261\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-18-162750-300x150.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-18-162750.png 672w\" sizes=\"(max-width: 522px) 100vw, 522px\"><figcaption id=\"caption-attachment-420069\" class=\"wp-caption-text\">Source: Tradingview.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Additionally, the <\/span><span style=\"font-weight: 400\">Moving Average Convergence Divergence<\/span><span style=\"font-weight: 400\"> (MACD) trading above the signal line confirms the bullish sentiment. <\/span><span style=\"font-weight: 400\">Also, the histogram bars show a green candle highlighting the increase in buying pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Lastly, the <\/span><span style=\"font-weight: 400\">Relative Strength Inde<\/span><span style=\"font-weight: 400\">x<\/span><span style=\"font-weight: 400\"> is at 39.04, getting closer to the oversold. This indicates that the price may experience a potential trend reversal. <\/span>Traders should use other technical analysis tools before setting up trades, as the digital market is highly volatile.<\/p>\n<h3>Price Bounced Off From Support Zone<\/h3>\n<p><span style=\"font-weight: 400\">As shown on the 30-minute chart, after a sharp price decline that sent the HOPPYWETH trading pair toward the primary support level of $0.00000001, the asset shows an increase in momentum as the price bounced up from the significant support level.<\/span><\/p>\n<figure id=\"attachment_420070\" aria-describedby=\"caption-attachment-420070\" style=\"width: 520px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\" wp-image-420070\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-18-162813-300x153.png\" alt=\"HOPPY \" width=\"520\" height=\"265\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-18-162813-300x153.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-18-162813.png 682w\" sizes=\"(max-width: 520px) 100vw, 520px\"><figcaption id=\"caption-attachment-420070\" class=\"wp-caption-text\">Source: Tradingview.com<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">The price of HOPPY\/WETH has shown significant strength. Recent price movements suggest strong bullish momentum, which might see the price trade back above the daily resistance of $0.0000000 and probably hit new price discovery.<\/span><\/p>\n<h3>Recent Development Set to Influence HOPPY Price<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-420071 \" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-18-162836-300x150.png\" alt=\"HOPPY \" width=\"520\" height=\"260\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-18-162836-300x150.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-18-162836.png 593w\" sizes=\"(max-width: 520px) 100vw, 520px\"><\/p>\n<p><span style=\"font-weight: 400\">In a recent development, the Hoppy coin team announced via <\/span><a href=\"https:\/\/twitter.com\/DigiFinex\/status\/1681146465534758912\"><span style=\"font-weight: 400\">Twitter<\/span><\/a><span style=\"font-weight: 400\"> 7 hours ago that their $HOPPY will be listed on DIGIFINEX crypto trading exchange today. <\/span><span style=\"font-weight: 400\">When a coin is listed on a trading exchange, it typically has the potential to positively and negatively impact its price.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">One possibility is that the listing announcement has already generated significant hype and anticipation, causing traders to buy the coin in anticipation of a price increase.&nbsp;<\/span><span style=\"font-weight: 400\">However, once the coin is listed, some investors may decide to sell their holdings to secure profits, leading to temporary downward pressure on the price.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">It&rsquo;s important to note that market reactions can vary, and listing on a trading exchange can also bring positive effects, such as increased visibility, accessibility, and potential for greater trading volume in the long term.<\/span><\/p>\n<h3>Wall Street Meme (WSM) Smashes $15M in Presale &ndash; The Next Coin to Do 100X?<\/h3>\n<p><span style=\"font-weight: 400\">In the past two months, <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\" rel=\"nofollow\"><span style=\"font-weight: 400\">Wall Street Memes<\/span><\/a><span style=\"font-weight: 400\"> ($WSM) have emerged among the most talked-about projects as the meme coin market exploded in popularity.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Wall Street Memes ($WSM) has generated more than $15 million during its presale phase, demonstrating substantial interest from individual investors.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the demand continues to thrive, there is speculation about the potential for Wall Street Memes ($WSM) to emulate the remarkable returns achieved by Pepe ($PEPE) in the past.<\/span><\/p>\n<p>https:\/\/www.youtube.com\/watch?v=fPkmhYb-A4s&amp;pp=ygUKSE9QUFkgY29pbg%3D%3D<\/p>\n<p><span style=\"font-weight: 400\">Wall Street Memes holds significant importance as it was developed by the same team behind the popular <\/span><span style=\"font-weight: 400\">Wall Street Bulls NFT collection<\/span><span style=\"font-weight: 400\">, which remarkably sold out within 32 minutes in 2021.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Leveraging their expertise in the digital assets space, the creators are now launching $WSM, providing an opportunity for investors to gain exposure to the growth of the Wall Street Memes brand.&nbsp;<\/span><span style=\"font-weight: 400\">The presale of Wall Street Memes is currently in Stage 23 out of 30, offering $WSM tokens at only $0.0316.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">The staged approach implies that the price of $WSM will increase with each stage, encouraging potential investors to act promptly to secure the most favorable entry point.<\/span><\/p>\n<h3>Factor Driving $WSW Demand<\/h3>\n<p><span style=\"font-weight: 400\">An essential catalyst behind the rising demand for $WSM is its existing and vibrant community of &ldquo;degens.&rdquo;&nbsp;<\/span><span style=\"font-weight: 400\">This community encompasses more than 1.1 million individuals actively engaged across various social media platforms.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Wall Street Memes&rsquo; <\/span><span style=\"font-weight: 400\">Twitter account<\/span><span style=\"font-weight: 400\"> boasts 253,000 followers, while their official <\/span><span style=\"font-weight: 400\">Instagram page<\/span><span style=\"font-weight: 400\"> commands an audience of 534,000.&nbsp;<\/span><span style=\"font-weight: 400\">This strong community support has propelled the Wall Street Memes&rsquo; presale to immediate success, with daily investments exceeding $300,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With the considerable buzz surrounding $WSM, there are indications that it holds promising prospects for prominent cryptocurrency exchanges like Binance. <\/span><span style=\"font-weight: 400\">While this remains speculative, the team behind Wall Street Memes has disclosed plans to list $WSM on both CEXs and DEXs once the presale concludes.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Although the specific exchange names are undisclosed, the allocation of 50% of the total $WSM to presale investors highlights their significant involvement. It demonstrates the creators&rsquo; confidence in the project&rsquo;s future success post-exchange listings.<\/span><\/p>\n<h3>How to Buy Wall Street Meme Token<\/h3>\n<p><span style=\"font-weight: 400\">Investors can buy Wall Street Memes using ETH, USDt, BNB, or credit or debit card.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Visit the website, then tap on buy now.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Send BNB or ETH to your wallet and swap for $WSM.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Investors can equally buy $SWM tokens using USDT &ndash; ERC-20 or BEP-20. You can swap the USDT option and swap your preferred amount.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">If you prefer plastic, you can easily use your crypto wallet address and order $WSM tokens with your bank card.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Connect your wallet &ndash; either Meta Mask or Trust Wallet.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Follow the on-screen instructions and proceed.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Confirm the transaction.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400\">The tokens will be delivered to buyers after the presale event.<\/span><\/p>\n<h3>Related Articles<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/china-goes-full-power-into-blockchain-with-plans-for-thousands-of-crypto-engineers\">China Goes Full Power Into Blockchain With Plans for Thousands of Crypto Engineers<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/ripple-ruling-on-shaky-ground-will-likely-be-overturned-former-sec-lawyer-says\">Ripple Ruling &lsquo;On Shaky Ground,&rsquo; Will Likely Be Overturned, Former SEC Lawyer Says<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/meme-meister-pepe-coin-had-a-strong-saturday-whats-next\">Meme-Meister Pepe Coin Had A Strong Saturday. 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pump-and-dump scheme. The recent price drop appears to be connected to the <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1826,"featured_media":420079,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[14681,14624],"class_list":["post-420062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-hoppy","tag-wall-street-meme"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HOPPY Coin Plunges 50% on DexTools. 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