GOUT, a Memecoin on BNB Chain, Has Gone on an Unprecedented Rally

GOUT, a memecoin on BNB Chain, has gone on an unprecedented rally, and its price has touched a new high

The price of GOUT (Gout) has soared to a new high since its inception in November 2024, as the memecoin on BNB Chain continues its unprecedented rally.

According to Benzinga, GOUT, which was listed at $0.00000435, has hit a new all-time high of $0.00005458. This represents an incredible gain of over 1000% in the last seven days.

For context, if an investor had invested $1000 in GOUT a week ago, their investment would now be worth around $101,900.

The memecoin has a market cap of $6.67 million and total holders around 139,290. It recently overcame a resistance at $0.00003725. However, considering that the coin has already recorded a 1019% rise over the past week, the chances of a shorter-term correction are excessive. It fell 11% today after surging more than 35% on the same day.

Crypto traders can keep an eye on these key takeaways:

The breakout of GOUT looks coin-selective with the general crypto sentiment in the greed territory (Fear & Greed Index:61) and the stable BTC dominance.

The daily trading volume of GOUT increased to $3.87 million (+64%), and this is a sign of a great retail demand.

However, the memecoin pump is also surrounded by certain warnings. There are no announced project updates that leaked out, and the top 10 wallets combine over 30% of the total supply, causing FUD about a sell-off.

Also Read : Ripple CEO at XRP Apex: Memecoins Are 'Grossly Overrated'

The incredible rally of GOUT comes as no surprise, given the recent trends in the memecoin market. With memecoins like BALD and TARO showing signs of recovery after a steep correction, it seems like the memecoin winter is finally coming to an end.

Moreover, the memecoin market is heating up once again with the upcoming launch of X's own memecoin. The social media platform is planning to integrate the coin with its ecosystem, potentially leading to increased demand.

As for GOUT, it remains to be seen how long its rally will last. However, with the memecoin market showing signs of a comeback and X set to launch its own coin, there is certainly potential for more memecoin madness in the coming months.