SUBA (Yotsuba) rose 116.61% in the last 24 hours.

Gate News Bot message, July 18, according to CoinMarketCap data, as of the time of writing, SUBA (Yotsuba) is currently priced at 0.0000000038 USD, with a pump of 116.61% in the last 24 hours, reaching a high of 0.0000000049 USD and a low of 0.0000000012 USD, with a 24-hour volume of 1.6 million USD.

Yotsuba Koiwai is the unofficial mascot of 4chan. SUBA is a cryptocurrency project themed around Yotsuba Koiwai, aimed at creating a community based on "healthy chaos, endless fun, and unbreakable loyalty." The project describes Yotsuba as the "forgotten goddess" of internet meme culture, symbolizing innocence, curiosity, and meme energy in chaos.

The total supply of SUBA tokens is 420 trillion, adopting a zero transaction tax policy, and the contract ownership has been relinquished to ensure that no single entity can modify the contract.

Important news about SUBA recently:

1️⃣ Market sentiment turns positive, meme coins gain attraction As the overall trend of the cryptocurrency market shows a pump, investors' preference for high-risk assets has increased. SUBA, as a project themed around internet meme culture, has attracted more speculative funds' attention in the current market environment, driving its price to rise significantly.

2️⃣ Zero trading tax policy benefits short-term trading The zero transaction tax policy adopted by SUBA reduces trading costs, making it easier for short-term speculators to execute quick buy and sell operations. When market sentiment is high, this characteristic may exacerbate price volatility, leading to significant rises in a short period.

3️⃣ Contract ownership abandonment increases investor confidence The SUBA project has abandoned contract ownership, a move that enhances investor confidence in the project's long-term development. In the absence of a single entity that can modify the contract, investors may perceive the project as having greater transparency and decentralization, thereby increasing participation.

From a technical perspective, the significant pump of SUBA in a short period may face retracement pressure. Investors should closely monitor the performance of price support and resistance levels to assess the subsequent trend.

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