Omochi is a new cryptocurrency meme coin, that’s inspired by the popular TikTok frog and has gained quite the traction in such a short time since it’s launch on Solana. In fact, within a couple of hours after launch, the coin’s market price hit a whopping $5.1 million, with an exceptional trading volume of $11.5 million.
Such rapid growth especially for a meme coin captured the attention of the wider crypto community. So, if you are looking to invest in Omochi, here’s all you need to know.
What is Omochi Cryptocurrency?
Omoch the Frog (OMOCHI) was inspired by a viral TikTok frog, hedging heavily on the already engaged audience on TikTok. Like most meme coins, OMOCHI’s price action is purely driven by the loyal community behind it, and in this case, the users are intrigued by the viral frog.
The character Omochi the Frog boasted a huge fan base, with over 400k followers on TikTok, attracting millions to its short TikTok videos. These videos went on to amass over ten million views, indicating a significant appeal that might extend beyond just the typical meme coin story.
Most times, meme coins struggle to find any meaning outside the coin’s price action, but Omochi, the frog, seems to have piqued the interest of the community, enough for them to want to invest in the coin. That’s such a huge in the meme coin world and an indication that this crypto could withstand the test of time.
Price Action of OMOCHI on CoinEx
OMOCHI is on CoinEx and has already experienced a significant bullish trend in the last few hours. So far, the chart features a series of green candles indicating a strong bullish pressure. However, the recent bear candles indicate a bit of resistance in the upward movement.
Since this coin is purely driven by hype, we expect the price action will continue soaring even higher now that it’s available on popular exchanges such as CoinEx. From the time of launch, the chart is pretty clear that this coin witnessed a notable initial price surge. More importantly, the increased volume is another crucial indicator of a bull market which is evident in the chart.
So the burning question still remains; is OMOCHI a good crypto investment? Well, that remains to be seen. But as far as the charts indicate, it’s a clear bull market. That means you can easily invest in the coin and reap substantial profits, especially with the right crypto exchange.
However, it’s important to be cautious as this is still a new cryptocurrency, and above all a meme coin. Unfortunately, meme coins tend to have extreme price fluctuations even for the crypto market, and could easily frustrate any short-term trader. That is why, it’s important to only invest capital that you are willing to lose and trade on a platform that highlights real-time values of the price action. That allows you to swing trade and gain substantial profits in the short term. With that in mind, the best place to trade is on CoinEx.
- Name: OMOCHI
- Official link: https://x.com/i/communities/1839144874517410222
- Explorer:https://solscan.io/token/ESVRQ6phc55VCw7sWB6JgW3PeTB6N68kvwjfsMPcpump
- Total supply: 1000 million OMOCHI
- Contract address: ESVRQ6phc55VCw7sWB6JgW3PeTB6N68kvwjfsMPcpump
- Twitter: https://x.com/i/communities/1839144874517410222
- Supported CEX: CoinEx
- Convenient for users to know in time: https://www.coinex.com/zh-hans/info/OMOCHI
*This article does not constitute investment advice.
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