Big Eyes (BIG) Coin Struggles to Recover After Disappointing Uniswap Listing

Big Eyes (BIG) Coin Struggles to Recover After Disappointing Uniswap Listing

Big Eyes (BIG) coin recently underwent a disappointing price action following its launch on the pioneering decentralized exchange, Uniswap, on June 15th. While there has been a slight recovery in its price, analysts warn that this may be nothing more than a temporary rebound, commonly referred to as a “dead cat bounce.”

Like many other cryptocurrencies, BIG has been affected by the overall bearish market sentiment, with Bitcoin (BTC) trading around $26,500 and most cryptocurrencies trading sideways. Big Eyes currently trades at $0.000017, and analysts suggest that if it fails to surpass its presale price soon, the coin may experience further declines.

Over the past 24 hours, Big Eyes has witnessed a strong bounce, with the price chart showing a 69% increase. Despite this significant rebound from recent lows, the coin still trades nearly 90% below its initial presale price.

During the presale stages, the price of Big Eyes coin started at $0.0001 and increased with each subsequent stage. The 15th stage saw the price reach $0.0006, representing a 500% increase from the initial presale price. However, within less than 24 hours after its Uniswap launch, the price plummeted by 60% below the stage 1 presale price, leading to disappointment among investors.

Predicting the price action of meme coins like Big Eyes is notoriously difficult, and distinguishing scams from legitimate projects can be even more challenging. Complicating matters further, the team behind Big Eyes remains unknown. While this lack of transparency may raise suspicions, it is worth noting that several meme coins with anonymous teams, such as PEPE, have performed well in the industry.

Given the failed launch and the absence of new investor interest, the outlook for Big Eyes appears bearish. This lack of traction has made it challenging for presale investors to offload their holdings, leaving them with significant bags to carry. Only positive fundamental news has the potential to save the coin from an imminent collapse.

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