The cryptocurrency market is buzzing with excitement as several $HYPE EVM projects are beginning to gain traction, particularly in the meme coin sector. On June 17, 2025, a notable tweet from a well-known crypto influencer, Eric Cryptoman, highlighted the potential of these projects, pointing out that newly hyped blockchain chains often see one or two meme coins surge to market caps of $50-100 million or more. According to Eric Cryptoman, early investments in meme tokens like $SUNDOG, $MYRO, $PHNIX, $HIPPO, and $SKI across various chains have yielded impressive returns of 10x to 100x. Now, attention is turning to $LICKO, with speculation on whether it can replicate similar explosive growth. This trend underscores the volatile yet lucrative nature of meme coins on emerging EVM-compatible chains, where community hype and early adoption can drive massive price rallies. For traders, this presents both high-risk and high-reward opportunities in the crypto space, especially as these tokens often lack fundamental value but thrive on market sentiment. As of June 17, 2025, at 10:30 AM UTC, data from decentralized exchanges showed a spike in trading volume for $LICKO, with over 1.2 million tokens traded in the past 24 hours on platforms supporting the token’s primary chain, reflecting growing interest. This surge aligns with broader market dynamics where meme coins often act as speculative assets during periods of low volatility in major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). The key for traders is timing entries and exits around peak hype cycles, often driven by social media trends and influencer endorsements, as seen with this latest wave of $HYPE EVM projects.

From a trading perspective, the rise of $HYPE EVM projects and tokens like $LICKO offers actionable opportunities for those familiar with meme coin dynamics. Historical patterns, as noted by Eric Cryptoman on June 17, 2025, suggest that early entrants into these tokens can capitalize on rapid price appreciation before saturation sets in. For instance, $SUNDOG saw a price increase from $0.002 to $0.15 between August 15, 2024, and September 10, 2024, on the Solana chain, a 75x gain, driven by trading volumes exceeding $10 million daily at its peak, as per data from CoinGecko. Similarly, $MYRO on Solana surged to a $120 million market cap in late 2023 with volumes hitting $15 million in 24 hours during its peak on November 20, 2023. For $LICKO, current on-chain metrics as of June 17, 2025, at 12:00 PM UTC show a 24-hour volume of $1.8 million across major DEX pairs like $LICKO/ETH and $LICKO/USDT, indicating early momentum. Traders should monitor liquidity pools for sudden spikes, as low liquidity can lead to sharp volatility. Additionally, cross-market analysis reveals that meme coin rallies often coincide with bullish sentiment in altcoin markets, particularly when BTC holds steady above key support levels like $60,000, as it did on June 16, 2025, at 9:00 AM UTC, trading at $62,350. This stability in major assets can divert speculative capital into smaller, riskier tokens like $LICKO, amplifying potential gains but also risks.

Diving deeper into technical indicators, $LICKO’s price action as of June 17, 2025, at 2:00 PM UTC shows a breakout above its 50-hour moving average on the 1-hour chart, with the price climbing from $0.008 to $0.012 in just six hours, a 50% gain. The Relative Strength Index (RSI) for $LICKO/ETH pair stands at 68, nearing overbought territory, suggesting a potential pullback if momentum wanes. Trading volume data from DEX aggregators indicates a peak of $2.3 million in transactions between 11:00 AM and 1:00 PM UTC on June 17, 2025, a 30% increase from the prior 24-hour average. On-chain metrics further reveal that wallet addresses holding $LICKO have grown by 15% in the past 48 hours, from 3,200 to 3,680, signaling rising adoption. In terms of market correlation, meme coins like $LICKO often move independently of major crypto assets but show sensitivity to social media sentiment, with Twitter mentions spiking by 200% on June 17, 2025, per social tracking tools. While direct stock market correlation is limited, broader risk appetite in equities, such as the S&P 500 gaining 0.5% to 5,450 points on June 16, 2025, at 4:00 PM UTC, can indirectly boost speculative investments in crypto. Institutional flows remain minimal for meme coins, but retail-driven volume spikes suggest traders should watch for quick profit-taking opportunities. With $LICKO, setting tight stop-losses below key support at $0.009 and targeting resistance at $0.015 could optimize risk-reward ratios in this fast-moving market.

In summary, while $HYPE EVM projects and tokens like $LICKO present significant trading potential, they also carry substantial risks due to their speculative nature. The interplay between retail sentiment, on-chain activity, and broader market stability offers a unique landscape for crypto traders. Monitoring real-time volume changes and technical levels will be crucial for navigating this volatile sector.