Memecore Token Explodes: What’s Driving the Rally?

Memecore tokens saw a significant price surge today, climbing over 21%, reaching around $0.4594. Trading volume surged by over 160%, placing Memecore among the top gainers in the market. The rally is fueled by several factors: anticipation of the upcoming MemeX Liquidity Festival on August 4th and increasing retail participation. This event is expected to generate substantial trading activity, leading to a sense of scarcity for the token. 85% of trading volume has been concentrated on PancakeSwap, further amplifying price movements due to retail-driven FOMO (fear of missing out). This event-driven buying creates temporary hype.