THUG (THUG) has pumped 956.01% in the last 24 hours.

Gate News Bot news, September 23, according to CoinMarketCap data, as of the time of writing, THUG (THUG) is currently priced at 0.0000002436 USD, with a rise of 956.01% in the last 24 hours, reaching a high of 0.0000004325 USD and a low of 0.0000000214 USD, with a 24-hour volume of 231,600 USD.

THUG is a token on the Base network with a total supply of 20 trillion, of which 50% has been burned. The project claims to be the first Base chain meme coin that rewards holders with $BRETT tokens. THUG token holders with over 100,000,000 will automatically receive $BRETT tokens as dividends from each buy and sell. The project team stated that the contract has been abandoned, and the liquidity has been locked and cannot be withdrawn.

THUG recent important news:

1️⃣ Base chain meme coin concept attracts attention THUG, as a meme coin representative on the Base network, has attracted the attention of investors with its unique token economic model. The project incentivizes long-term holding through the $BRETT token reward mechanism, and this innovative design stands out in the meme coin market, driving a significant price pump in the short term.

2️⃣ Liquidity lock increases investor confidence The project team announced that the contract has been abandoned, liquidity has been locked and cannot be withdrawn. This move greatly reduces investors' concerns about malicious operations by the project team. The assurance of liquidity provides a more stable trading environment for THUG, becoming one of the important factors supporting the price rise.

3️⃣ Token burn strategy affects supply and demand relationship 50% of the total supply of THUG has been destroyed, which effectively reduces the market circulation. When demand remains unchanged or increases, a reduction in supply often drives prices to rise. This tokenomics design could be one of the key driving factors for THUG's significant price increase in the short term.

From a technical perspective, THUG has experienced significant price fluctuations in a short period of time, with a large gap between the highest and lowest prices within 24 hours, indicating intense market sentiment. Investors need to closely monitor the changes in the token's volume and price support levels to assess the sustainability of the current rise.

This message is not intended as investment advice; investors should be aware of market volatility risks.