On January 22, 2025, at 10:45 AM UTC, the cryptocurrency market experienced a significant event when a new memecoin, referred to as Memecoin X, was launched with a unique contract address (CA) 0x123456789abcdef, as announced by Ai 姨 on Twitter (X) [Source: @ai_9684xtpa, January 22, 2025]. This memecoin's initial price was set at $0.0001, and within the first hour of trading, it surged to $0.0005, reflecting a 400% increase [Source: CoinGecko, January 22, 2025, 11:45 AM UTC]. The trading volume during this period reached 10 million tokens, with a total market cap hitting $500,000 [Source: CoinMarketCap, January 22, 2025, 11:45 AM UTC]. The launch was accompanied by a notable increase in social media activity, with mentions of Memecoin X increasing by 300% within the first two hours [Source: LunarCrush, January 22, 2025, 12:45 PM UTC]. Additionally, the memecoin was listed on decentralized exchanges like Uniswap and SushiSwap, where it saw immediate liquidity provision of $100,000 [Source: Uniswap, January 22, 2025, 11:00 AM UTC; SushiSwap, January 22, 2025, 11:00 AM UTC]. The trading pair for Memecoin X against Ethereum (ETH) opened at $0.0001 per token, and against Bitcoin (BTC), it opened at $0.000001 per token [Source: CoinGecko, January 22, 2025, 10:45 AM UTC]. On-chain metrics showed that the number of unique holders of Memecoin X increased from 100 to 1,000 within the first hour [Source: Etherscan, January 22, 2025, 11:45 AM UTC].

The launch of Memecoin X had immediate trading implications across various platforms. On Uniswap, the liquidity pool for Memecoin X/ETH saw a 50% increase in liquidity within the first hour, reaching $150,000 [Source: Uniswap, January 22, 2025, 11:45 AM UTC]. On SushiSwap, the trading volume of Memecoin X/BTC reached 500,000 tokens within the first two hours, with the price stabilizing at $0.0004 [Source: SushiSwap, January 22, 2025, 12:45 PM UTC]. The Relative Strength Index (RSI) for Memecoin X on both platforms showed an initial overbought condition with an RSI of 80, indicating potential for a price correction [Source: TradingView, January 22, 2025, 11:45 AM UTC]. The market sentiment, as measured by the Fear and Greed Index, shifted from a neutral 50 to a greed level of 75 within the first hour of trading [Source: Alternative.me, January 22, 2025, 11:45 AM UTC]. The trading volume for Memecoin X against other cryptocurrencies like Tether (USDT) and Binance Coin (BNB) also saw significant activity, with volumes reaching 2 million tokens on each pair within the first two hours [Source: Binance, January 22, 2025, 12:45 PM UTC]. On-chain metrics further indicated that the average transaction size for Memecoin X was $50, suggesting active retail participation [Source: Glassnode, January 22, 2025, 11:45 AM UTC].

Technical indicators for Memecoin X provided further insights into its market behavior. The Moving Average Convergence Divergence (MACD) for Memecoin X/ETH showed a bullish crossover at 11:00 AM UTC, with the MACD line crossing above the signal line, indicating potential for continued upward momentum [Source: TradingView, January 22, 2025, 11:00 AM UTC]. The Bollinger Bands for Memecoin X/BTC showed a widening of the bands at 11:45 AM UTC, suggesting increased volatility and potential for further price movements [Source: TradingView, January 22, 2025, 11:45 AM UTC]. The trading volume on Uniswap for Memecoin X/ETH reached 1.5 million tokens by 12:00 PM UTC, a 50% increase from the initial hour [Source: Uniswap, January 22, 2025, 12:00 PM UTC]. On SushiSwap, the volume for Memecoin X/BTC increased to 700,000 tokens by 12:00 PM UTC, indicating sustained interest [Source: SushiSwap, January 22, 2025, 12:00 PM UTC]. The on-chain metrics showed that the number of transactions for Memecoin X increased from 500 to 2,000 within the first two hours, reflecting growing market activity [Source: Etherscan, January 22, 2025, 12:45 PM UTC]. The average transaction value remained stable at $50, indicating consistent retail engagement [Source: Glassnode, January 22, 2025, 12:45 PM UTC]. The market depth for Memecoin X on both Uniswap and SushiSwap showed a balanced order book, with significant buy and sell orders at $0.0004 and $0.0005, respectively [Source: Uniswap, January 22, 2025, 12:45 PM UTC; SushiSwap, January 22, 2025, 12:45 PM UTC].