LOBO (LOBO•THE•WOLF•PUP) rose 79.26% in 24 hours

Gate News Bot news, August 5th, according to CoinMarketCap data, as of the time of publication, LOBO (LOBO•THE•WOLF•PUP) is currently priced at 0.00056149 USD, with a rise of 79.26% in the last 24 hours, reaching a high of 0.00064514 USD and a low of 0.00028235 USD. The current market capitalization is approximately 9.83 million USD, an increase of 4.35 million USD compared to yesterday.

LOBO is one of the most powerful meme coins in the Bitcoin ecosystem. It is the 9th Rune, born on April 20, 2024, at Bitcoin block 840,000. The total supply of LOBO is 21 billion, with 77.5% distributed through free airdrops to over 72,000 wallet holders. LOBO's mission is to go beyond the moon and become one of the top meme coins in the entire cryptocurrency space, setting a benchmark for truly community-driven tokens.

Important news about LOBO recently:

1️⃣ Strong Meme Coin in the Bitcoin Ecosystem LOBO, as one of the most powerful meme coins in the Bitcoin ecosystem, attracts significant attention from a large number of investors due to its unique positioning. As the 9th Rune, LOBO was born in Bitcoin block 840,000, and this background gives it special historical significance and scarcity, which may be one of the important driving factors behind the recent price rise.

2️⃣ Large-scale free airdrops stimulate market demand 77.5% of the total supply of LOBO is distributed to over 72,000 wallet holders through free airdrops. This large-scale distribution strategy effectively expands the holder base of LOBO. The broad holder community not only increases the liquidity of the token but may also attract more potential investors' interest, thereby driving the price rise.

3️⃣ Community-driven token model recognized LOBO is committed to becoming a true community-driven token benchmark, which aligns with the current cryptocurrency market's pursuit of decentralization and community autonomy. Investor recognition of this model could be another important factor driving a significant rise in LOBO's price.

From a technical perspective, the price of LOBO has experienced a significant pump in the short term and may face certain pullback risks. Investors should closely monitor the changes in its price support and resistance levels to assess the potential price fluctuations that may occur in the short term.

This message is not intended as investment advice, and investors should be aware of market volatility risks.