There’s one token outperforming other top meme coins – it’s MOG.
This coin pumped over 130% in the last 30 days, bringing its market cap to around $750 million at press time.
MOG is now the #8 meme coin by market cap globally, having flipped BOME during this recent run.
Following Trump’s shooting 2 days ago, MOG’s team even joked on Twitter “Made America MOG Again” with Donald’s picture.
What you'll learn 👉
MOG Price Reaches All-Time High
MOG is now at its all-time high (ATH) area. Generally, I’m cautious about analyzing meme coins at ATH. This is primarily because it means many investors, especially early ones, are in profit. At some point, profit-taking will likely start, potentially putting significant pressure on the price.
From a technical standpoint, we can see that the Relative Strength Index (RSI) is 66 on the daily chart. This indicates MOG is approaching the overbought area.
In fact, over the last 6 hours, MOG’s price has actually dropped by 3.5%, suggesting some traders have already started taking profits.
Read also: Analyst Predicts Solana (SOL) Price to hit $1000 – Here’s When
Whale Activity
On the flip side, the overall market sentiment remains positive. This could potentially indicate that MOG’s rally isn’t over yet.
A quick scan of Twitter shows that not many analysts are posting about MOG. However, crypto influencer “Wise Advice” shared some interesting insights.
He noted that MOG became a top100 coin per market cap after the recent pump.
This surge might be attributed to increased whale activity. There was a big withdrawal of 528.9 billion MOG (valued at approximately $1.1 million) from the Bybit exchange.
Additionally, another large transaction; a wallet address used 709,884 USDC to buy 284.2 billion MOG tokens. These high-volume transactions suggest that larger investors, often referred to as “whales” in crypto parlance, are taking positions in MOG.
That being said, timing is crucial with meme coins. If you still haven’t invested in MOG, you might want to wait for a correction and find a better entry point.
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