#RFC
RFC suddenly became popular, with someone betting 1.3 million to enter the market, directly pushing the total market value to nearly 200 million dollars.
This kind of play looks like insider information; it is estimated that they are betting on a big exchange listing.
Currently, this coin is in a delicate state — the bold see it as an opportunity, while the reckless see it as a trap.
Three types of people might be interested:
Dogecoin players
If you bought Dogecoin because of Musk, then RFC might suit your taste. This coin is rumored to be Musk's new favorite, like a replica opportunity of Dogecoin in 2020.
SOL chain die-hard fans
The SOL Foundation has always liked to buy meme coins on their own chain to seize the market; RFC likely has their backing; otherwise, how could it withstand a market cap of 70 million during a bear market?
PEPE holders
Ethereum is currently a mess with high fees and a congested network. RFC, as a newcomer on the SOL chain, may take over from WIF and become the next hot meme coin.
Risk warning:
The current market value is already inflated; the 200 million dollar valuation far exceeds its actual value.
The so-called "Musk endorsement" is merely market rumor, with no solid evidence.
There are uncertainties regarding the expectation of a big exchange listing; beware of good news turning into bad news.