The cryptocurrency that grew by 90% per day is named

Editor’s note: not financial advice!

Cryptocurrency analysts at BeInCrypto have highlighted the Rekt (REKT) memtoken, which grew by 90% in just a day. However, experts do not advise users to rush to invest in a little-known digital asset — bots and a pump scheme are behind its growth.

The Arbitrum-based token has been around for only a few days but has already managed to attract the attention of users. Like most memecoins, REKT does not have a specific purpose. «At REKT, we believe that investing should be fun, not boring. That’s why we created a token designed for people who want to take risks, have fun, and maybe even get a little reward,» the cryptocurrency developers emphasized on the official REKT website.

Despite the fact that the project founders claim that their token is not fraudulent, analysts do not recommend investing in it. Even the name of the token indicates its danger: in the cryptocurrency community, REKT means complete failure, loss of funds, and bankruptcy.

Even in the absence of clear options for using REKT, several centralized exchanges have placed it on their platforms.

Crypto exchange AscendEX has announced that it has placed the REKT/USDT trading pair for trading. Representatives of the platform said that withdrawals will become available to its users on April 24. Lbank.com also announced the placement of the REKT token. Poloniex, which is backed by Justin Sun, is the largest platform that has placed the memtoken.

Last week, the user dimethyltryptamine. eth user managed to become a cryptocurrency millionaire by investing only $ 260 in the little-known PEPE token. However, due to problems with the token’s liquidity, the newly-made millionaire has little chance of realizing the profit. Even if the demand for PEPE does not decline, it will take 46,200 years to sell 5.9 trillion PEPE tokens (the same amount purchased by dimethyltryptamine. eth).