What do you think of a newly launched token hitting 200 million trading volume 24 hours after launch?

[Fidelia]

There are several indicators that can be used to identify a newly launched crypto token that would eventually cook. What do you think of a coin that amassed a trading volume of 200 million within only 24 hours after it was launched? Hit or Miss?

 

[eLdavis]

It could actually be anything, but from what I have seen majority of the times it is usually a big miss.

 

[Kera]

With that kind of performance, I think the token has potential. But you still have to look at other variables before committing.

 

[magnus2022]

There are several indicators that can be used to identify a newly launched crypto token that would eventually cook. What do you think of a coin that amassed a trading volume of 200 million within only 24 hours after it was launched? Hit or Miss?

It is normal after launching a token. Launching of a token involves a lot of activities which normally involves trading. It will be difficult to use this period to determine the fate of a coin.