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Mumu The Bull (CRYPTO: MUMU), a meme coin on Solana (CRYPTO: SOL) is racing towards the top 100 cryptos off the back of exchange listings and rising volume and liquidity.
What Happened: Crypto trader Lucky noted the bull market's mascot is making "impressive strides in the crypto market." He adds that how the two-month-old project has raced to the 237th rank with a valuation of $250 million, attributing the success to the team’s dedication and the overwhelming community support. With exchange listings and a continuous influx of big players, Lucky predicts it will not be surprising if MUMU breaks into the top 100 rankings in the future.
Another crypto trader tweeted that Mumu would be the most important meme coin in this cycle. He forecasts Shiba Inu‘s (CRYPTO: SHIB) all-time high of $46 billion to ‘get smahed.’
Trading Axe calls Mumu the “highest beta animal coin.” Another trader sees Mumu still having exponential upside.
Also Read: Dogecoin Owner’s New Dog Neiro Gets Memed, Developer Turns 3 SOL Into $2.85M In Suspected Foul Play
Why It Matters: Mumu The Bull is considered the mascot of the bull market and currently trading around a valuation of $232.6 million. The meme coin was created only in March this year.
In the past 24 hours, MUMU is up 27%, bringing its seven-day gains to over 120%. The meme coin will be listed on BingX for spot trading shortly.
Crypto trader Kakashi discovered a trader who swapped 1 million WIF, worth $2.2 million, for MUMU. The trader has already recovered an initial loss of $1 million and is currently breaking even on his trade.
What’s Next: The influence of meme coins and Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
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Image: Shutterstock
