🚀 Memecoin Mania: This Underdog Crypto Just Exploded 1000% Overnight

Move over Bitcoin—today''s action is in meme territory. A once-dormant joke token just ripped through the charts with a four-digit percentage gain, leaving even seasoned traders scrambling.

From Obscurity to Overnight Unicorn

No roadmap, no utility, just pure degenerate momentum. The coin''s 1000% surge defies every traditional valuation metric—which, let''s be honest, stopped mattering in crypto around 2021.

Pump or Paradigm Shift?

While VCs pour millions into ''serious'' layer-2 solutions, retail investors are voting with their wallets. The memecoin''s volume now rivals mid-cap DeFi tokens—proving yet again that in crypto, the ''greater fool theory'' isn''t a bug, it''s the core feature.

Another day, another reminder that the market''s IQ is inversely proportional to its appetite for risk. The Fed could hike rates to 10% tomorrow and traders would still ape into dog-themed tokens. Never change, crypto.

The memecoin boasts a market cap of $6.67 million and total holders around 139,290. It recently overcame a resistance at $0.00003725. However, considering that the coin has already recorded a 1019% rise over the past week, the chances of a shorter-term correction are excessive. It fell 11% today after surging more than 35% on the same day.

Looking at the crypto market, the breakout of GOUT looks coin-selective with the general crypto sentiment in the greed territory (Fear & Greed Index:61) and the stable BTC dominance. The daily trading volume of GOUT increased to $3.87 million (+64%), and this is a sign of a great retail demand.

However, the memecoin pump is also surrounded by certain warnings. There are no announced project updates that leaked out, and the top 10 wallets combine over 30% of the total supply, causing FUD about a sell-off.