This viral meme coin explodes 400% in one day, becomes the 4th largest meme on the market

TL;DR

A new cryptocurrency surged more than 400% in the past 24 hours, reaching a market cap of nearly $2 billion and becoming the fourth largest meme coin. While its rise is attracting interest, the team warns of fake versions trying to scam users, urging caution and due diligence before investing. Enter the market with a splash

The meme coin industry keeps releasing new tokens, some of which become real sensations within days of launch. The latest example is the tora-themed Black Agnus (FTW), whose price soared more than 400% in the last 24 hours and is currently trading around $0.0001812.

Price FTW, Source: CoinGecko

FTW’s market cap exploded to nearly $2 billion today (September 17), making it the 50th largest cryptocurrency and the fourth largest in the meme coin realm. The top three places remain occupied by Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE).

The coin’s impressive performance follows its listing on popular crypto data aggregators CoinGecko and CoinMarketCap.

It’s worth noting, however, that the team behind FTW issued a warning that bad actors have created fake versions of the asset in an attempt to scam users. “Always check the contract address before making any transaction,” the task force warned.

CryptoPotato has previously advised people to enter the ecosystem after performing proper due diligence and invest only as much as they are willing to lose. Those who want to check out more vital tips, feel free to watch our dedicated video below:

The rest of the winners in the niche

FTW is not the only meme currency to post substantial gains on a 24-hour scale. Some of the other top performers include NEIRO (+43%) and BABYDOGE (+13%). Its impressive peak could be related to Binance, which introduced NEIRO/USDT and 1MBABYDOGE/USDT trading pairs earlier this week.

On the other hand, major meme coins like DOGE, SHIB, PEPE, FLOKI, BONK, BRETT and many more remain in red territory. Dogs (GOSS) is the worst performing token in the top 10 list, registering a 6% price decline.

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