Meme coin HarryPotterObamaSonic10Inu has experienced a remarkable 28% increase in value over the past 24 hours, outperforming other well-known cryptocurrencies such as Dogecoin DOGE/USD and Shiba Inu SHIB/USD.
What Happened: Trading data reveals that HarryPotterObamaSonic10Inu is currently being traded at $0.06061, while DOGE and SHIB have experienced marginal declines of 0.46% and 1.56% respectively.
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The rise comes after former Fox News host Tucker Carlson aired a controversial interview with Larry Sinclair.
See More: A Stay At The Floating Palace From James Bond's ‘Octopussy
Why It Matters: This meme cryptocurrency draws its inspiration from a parody universe, where figures like Harry Potter and Barack Obama play significant roles in a spellbindingly absurd scenario.
CoinMarketCap data highlights a significant uptick in the trading volume of HarryPotterObamaSonic10Inu, reaching $4.10 million within a 24-hour period. It’s important to note that low trading volumes typically suggest reduced market activity and liquidity, resulting in decreased price volatility.
When fewer buyers and sellers participate in the market, executing trades at desired prices can become more challenging, potentially leading to price stagnation or limited price movements.
Read Next: Bitcoin, Ethereum, Dogecoin Fall As Investors Await Key Inflation Numbers: Analyst Says King Crypto To Rally Above $100K After 2024 Halving
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