The REKT meme token was listed earlier this week, on 20th October. Within 24 hours it made good volume. That was no less than $24.6 million. As a result, some 300 wallets could share around $5 million between them. That would be $16,600 per wallet.

So, what happened at the REKT meme token launch? Let’s take a closer look. You can also read our introduction to REKT. 

The REKT token launch was a fair launch. This means that there were no pre-sales. Everybody has the same opportunity during the launch. This also means that owners of a project have to buy their own tokens.

Even with a fair launch, you still need to DYOR (Do Your Own Research). Due diligence rules, also or especially in crypto. And even more so with meme coins. They can be tricky. They typically peak for a short period at launch, before they crash. 

Analyzing the REKT Token

The analysis was made by Bubblemaps. This is a supply auditing tool for DeFi tokens. It uses colored bubbles that represent all the owners of a token. Furthermore, it also shows interactions between wallets. In this case, it showed that the token is available on two chains, Ethereum and BNB. You can see more details in the thread below:

Exactly as the REKT website mentioned. So, we’re off to a good start here. It had some big guns backing the project. For example, Arthur Hayes, he’s the co-founder of BitMEX and CIO. Ran Neuner is also onboard, a CNBC Crypto Trader and founder of Crypto Banter. 

So, let’s take a closer look at other holders, their profits, and what you need to look for, to stay safe.

More About REKT

It’s good to see that this went according to plan. It was also a fair launch, with 1 million tokens unlocked at TGE. The fully diluted market cap was $1 million at launch.

CoinGecko starts recording the price of the REKT token on October 20th. It starts out at $14.12 and within four hours it reaches its current ATH of $15.73. According to dealerdefi on his X account, that’s an 803% gain. 

We can immediately identify Arthur Hayes’ wallet, and he holds 2%. Another 25.5% is in the hands of the top 20 holders. Something else that we notice, is that most wallets don’t interact with each other. These are all good signs.

This is in contrast with a small, close-knit group of holders, that interact a lot between their wallets. This indicates that the token will most likely do a nose dive, and you’re used as exit liquidity.

The REKT token appears to be a community-held token. This also means that there’s no sell pressure. Its distribution looks healthy, and it would be safe to ‘ape in’. The token did a x7 within an hour of its listing. Within 24 hours, there was over $5 million profit. 

However, it remains a meme token. If we take a closer look at the current price, it’s down to $6.94. According to CoinMarketCap, its market cap is $5.1 million. The trading volume is down by 3.22% and is at $1.1 million during the last 24 hours. The circulating supply is 748,874 REKT out of a max supply of 1 million. The token has been on a slide since its ATH.


Source: Bubblemaps


The REKT meme token launched on October 20th. Within 24 hours, it had a trading volume of $24 million. We took a look at how you can identify a DeFi token launch, and see if it’s safe to ‘ape in’. The REKT token had good indicators. To analyze it, we used the Bubblemaps app. However, it remains a meme token, and since its ATH, reached shortly after its launch, it has been on a slide.


The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

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