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Details: ht
Recently, I've been researching the new Meme coin project $RION (Hyperion) on the BNB Chain. The Token was launched 21 days ago, and the current trading volume has surged to $51.43 million, with a market capitalization of less than $8.1 million. I feel the market capitalization is still severely underestimated. Today, let's have a simple chat about this project with my brothers.
The highlights of $RION are its particularly decentralized holding structure, with the top 10 addresses accounting for 0%, meaning there are almost no whale controls, and it has a strong community-driven flavor. The current price is $0.59, with a slight 24-hour pullback of 1.92%. The liquidity is $1.96 million, which isn't top-notch but still decent, making it quite active for a Meme coin. The project has now also launched a Staking mechanism, allowing for some extra earnings through locking up, which is suitable for those brothers who want to hold long-term.
I made an investment suggestion based on the price of the $RION token during this period (for reference only, haha). Interested brothers can take a look:
- Short-term players: A pullback to the 0.55-0.57 range can be considered for a small position, with a stop loss of 5-8% and a target of 15-25% profit. Don't be greedy.
- Long-term players: Staking is a good choice, as locking can reduce the impact of volatility, suitable for friends who are optimistic about the potential of the Meme community.
- Risk reminder: Meme coins are highly volatile, $RION has only been around for 21 days, historical data is limited, and social buzz is not fully developed yet. Enter the market cautiously, and do not exceed 2-3% of your position.
Moreover, the on-chain data of this project has been quite active recently, with large inflows of over 13000 $RION and outflows of more than 4800, indicating a decent level of market participation. However, the number of holding addresses has dropped from 2771 to 2616, so community stickiness needs to be observed further. CryptoDiffer listed $RION as one of the "Top 15 ROI this summer," indicating some potential, but to explode it still needs more influencers to lead the rhythm, haha!
Brothers who want to play can go research this, here is the Staking entrance official website:
The market has risks, don't go all in on coins, make your own decisions, okay.
#RION # Meme coin #Staking