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This post outlines developments in crucial data for those researching the Solana memecoin $HEGE. In the past four months of this nascent memecoin, $HEGE’s market cap has grown from $64,000 to a market cap in the range of $ 6-9 million, onboarded hundreds of new holders and community members on a weekly basis, and drastically increased its footprint on social media. Holders Let’s start with the holders of $HEGE. The number of holders of $HEGE has grown steadily since the project’s beginnings. $HEGE was born out of a reddit post: the coin was created out of frustration by the endless new rug-pulls appearing on Solana, the dream to create a safe haven for meme coin enthusiasts, and a general frustration with the rigged world economy. That’s how the idea for a hedgehog-themed memecoin was born: $HEGE, a hedge-fund for the crypto-community. Several reddittors quickly joined the project, and the coin was launched a few weeks later. Starting with a number of 1739 holders shortly after launch, $HEGE noted an all time high of 7535 holders this week – and the chart shows steady growth. After the big market dip at the beginning of this week, the number of holders of $HEGE continued to increase. People must have seen the temporary price dip as an enormous opportunity for the next leg up. Yesterday, the amount of holders registered on solscan suddenly dropped for all coins on the Solana network. It seems they are figuring out new parameters, so the chart below is updated until Friday. Since $HEGE was founded as an anti-rug coin, the projects tokenomics are considered to be safe – with freeze and mint authority revoked and LP tokens burned. Rugcheck gives it its ‘good’ mark of confidence: Telegram $HEGE has an active, growing community, dedicated to the success of this project. $HEGE is the first narrative driven memecoin: as it’s market cap grows, more chapters in the story of Hege the hedgehog (the coin’s protagonist) unlock. All the way up to a $ 1 Billion market cap (price per coin: $1) and possibly more. The uniqueness of this project makes people rally around it. Last month, a community marketing fund was filled with donations up to a sum of $ 120,000, in just two days. The community also regularly runs competitions and weekly giveaways to increase engagement. The organic growth of the community can be tracked through the members of the $HEGE Telegram group: from 1739 in April to 6281 on August 11th. X followers For many crypto investors, X is one of the main sources of information. $HEGE has also been increasing its presence on this platform. From around 3000 followers 2,5 months ago, the project currently has almost 13,000 followers (12961 to be precise). Next phase In the past months, $HEGE’s team succesfully focused on building community and securing exchange listings. $HEGE is now listed on five exchanges, including the two top tier-2 exchanges MEXC and Bitmart. Those two exchanges handle over $3 billion in daily trading volume and have a combined 20 million users. This can bring in a lot of liquidity in the next run up. $HEGE can also be bought via decentralized exchanges Jupiter and Raydium. You’ll find a how to buy guide on hegecoin.com This week, a marketing push including the use of X and TG KOLs, YouTube ads, Instagram ads, DexScreener ads, and X ads, was kickstarted. In the weeks ahead, the team will focus on upsizing content after onboarding 4 more animators for this project. An increased focus on YouTube, TikTok, and Instagram aims to reach holders who have never heard of $HEGE before. Last week’s YouTube posts have gotten over 15,000 views already. Cooperation and partnerships with other projects – $Tomato, $Pyrate and $Bombo among the first announced – will be established, and airdrops and NFT’s are in the pipeline. Interesting fact: the NFT’s are rumoured to include a reward system. Below’s a sneak peak of the upcoming NFT’s, and the pre-sale whitelist can be joined via the Discord channel. Bullish chart $HEGE has been among the top gainers after the market dip last Monday. The coin actually broke out of a downward trend it had been in for a few weeks. That is a clear bullish signal. And if you zoom out, as done in the technical analysis in these two posts: https://www.reddit.com/r/HegeCoin/comments/1ek62zh/hege_the_buy_signal_is_in/ and https://new.reddit.com/r/Crypto_General/comments/1ep2isy/hege_100x_this_bull_run/ you see that that downward trend was a pattern in the consolidation phase the coin currently is in. When that phase ends, combined with the growth this project has seen in the past months, and the memecoin narrative being the most dominant narrative in the upcoming expected crypto bullrun, the pump can be spectacular. submitted by /u/D0LPH1N1 |
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