This token is nothing special. It's just a regular shitcoin, of which there are a huge number. And the fact that its price has risen so sharply, I think it's just a regular pump&dump. It is quite possible that the developers of this shitcoin themselves conducted this action to attract attention to their shitcoin. At the moment, the price of this shitcoin is falling rapidly.
Right now, it has a 58-days countdown and, so far, a daily trade volume of around 2.4 million dollars, which is a huge amount for a new meme coin that has risen in the field of cryptocurrency. And listed on various exchange platforms.
What 2.4 million dollars are you talking about? Where did you see that amount? Currently, the daily trading volume is $34,220,122, according to
CoinGecko.
One day because on the mexc platform Troll's volume was around 2.4m$ and now he has fallen by 1.6m$(
) which is probably a lot of people sold yesterday which caused it to drop and this day or around this time it pumped again.
The volatility that is happening now seems like obviously there are many scalpers who are actively conducting trading activity here on the mexc exchange so far. So it's hard to keep up with this if the newbies here have no idea.