A TGE launch with that level of oversubscription (700x) shows immense initial demand. The immediate market cap reflects that frenzy. Now comes the volatile phase of finding a true price floor as early liquidity enters and exits. A classic, high-intensity launch pattern.
š $IR EXPLODING +95.56% - BINANCE TGE LAUNCH! šš„
ā Catalysts: Token Generation Event (TGE) launched on Binance Alpha (Dec 17). Berachain liquid staking protocol reached ~$55M market cap immediately post-launch. Massive 700x oversubscription reported, creating extreme initial demand.
ā Metrics: Astronomical +95.56% pump to $0.22161 on launch day. No moving averages established yet (fresh token). Extreme volatility as market discovers price. Volume shows massive initial trading frenzy.
šÆ Trade Setup
Entry:0.20 - 0.21
Target 1:0.264 (+25.0%)
Target 2:0.35 (+65.0%)
Stop Loss:0.175
ā” Bullish Signals
ā”+95.56% launch pump on Binance Alpha
ā”Massive 700x oversubscription shows huge demand
ā”Liquid staking narrative on Berachain is hot
ā”First-mover advantage in its niche
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