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Rise of Nation Coins: Memecoin Traders Bet Big on Olympic Fever

Lately, a new trend is unfolding within the realm of memecoin enthusiasts: the rise of coins bearing names of countries. With the upcoming Olympic Games in Paris slated for July, traders are banking on the event to propel the prices of various national tokens.

The Nouner, an X user, has developed a dashboard tracking 47 distinct country coins. In the past 24 hours alone, these coins have amassed a trading volume nearing $18 million and collectively boast a market cap nearing $110 million.

Leading the pack is American Coin (USA), commanding a valuation close to $83 million, making it the most capitalized among its peers. DEX Screener data reveals that USA coin has experienced a staggering surge, escalating by over 74,000% from its inception on March 14 to its zenith on May 4. Following closely is China Coin (CHINA), with a market capitalization of $5.8 million. Despite its smaller market cap, CHINA has witnessed a remarkable 23,000% surge since its launch to its peak on March 14th.

In the latest 24-hour period, the newly introduced Palestine Coin (PALESTINE) has demonstrated the most remarkable growth, skyrocketing by 764% as of the latest update. France Coin (FRA) and UK Coin (UK) have also experienced notable surges during this timeframe, boasting increases of 120% and 145%, respectively. Notably, the roster of country coins encompasses even the Olumpec Terch (OLUMPC) meme coin, blending the Olympic narrative with the trend of meme coins intentionally misspelling names. Since the initiation of its liquidity pool to its peak on May 5, OLUMPC has surged by an impressive 6,400%.

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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