'BONK Killer' MILLI Leaves Dogecoin, Shiba Inu In The Dust, Surging Over 70% In A Single Day
Portfolio Pulse from Mehab Qureshi
'BONK Killer' MILLI, operating on the SEI network, surged over 70% in a single day, outperforming other meme cryptocurrencies like Dogecoin, Shiba Inu, and BONK. MILLI's market cap approached $2.5 million with a trading volume of $522,075. The token's success is attributed to strong community support and a unique brand identity. Meanwhile, Dogecoin and BONK saw declines, while Shiba Inu increased by 6%. The MILLI team also addressed investor concerns, aiming to restore token distribution and liquidity.
March 05, 2024 | 5:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Dogecoin saw a 6% decrease amid MILLI's surge, indicating a potential short-term negative impact on its price.
Dogecoin's decline coincides with MILLI's rise, suggesting investor interest may be shifting towards MILLI, potentially impacting DOGE's short-term price negatively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Solana's performance was eclipsed by MILLI's surge, but the article does not provide specific performance data for SOL, making its short-term impact unclear.
Without specific performance data for Solana in the context of MILLI's rise, it's challenging to accurately predict SOL's short-term price direction.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Shiba Inu experienced a 6% increase, potentially benefiting from the broader meme coin market's attention despite MILLI's rise.
Shiba Inu's increase, despite MILLI's significant surge, suggests a resilient or complementary market position that could favor SHIB's short-term price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70