MUMU has been catching the eyes of meme coin traders as its price showed a potential bullish movement on the daily chart. 

Not many people have caught on to this movement as MUMU itself is not commonly known in the meme sector. 

Is MUMU a New Project?

For those who have not heard about MUMU, this is a SPL Token that was created on the Solana Blockchain. 

MUMU is the token of Mumu The Bull Project, a meme and NFT-based project, that is trying to get out of the meme narrative, into a real project with fundamentally sound products. 

The token was launched on Raydium on March 11th, 2024, which means that it is not necessarily new and has been around for more than a month. 

The project seems to be developing as some of the token supply is allocated for the development of its products. 

Two products that are being developed by the team are the MUMU Swap, which is a decentralized exchange for the MUMU Ecosystem, and the MUMU NFT Collection. 

Both have not launched yet as they are still in the development phase, however, it has successfully attracted new meme traders on the Solana Ecosystem. 

The tokens have yet to be listed on centralized exchanges, which is one of their goals that is published on their roadmap. 

MUMU is one of the little meme projects that have a roadmap, indicating that this project might stay in the market for quite a while. 

Potential 100% Price Surge

Since its launch, the token has surged more than 20,000% in just a week. However, after the surge, MUMU seemed to be trending down with an almost 90% price correction until last week. 

Last week, the token started a new uptrend again, where it currently stagnated in a consolidation phase. 

This is why it became popular again because, in this consolidation phase, traders are predicting another leg up, with more than 100% potential price gain that can be reached in a couple of days. 

MUMU’s Daily Chart / Source: Dexscreener

Looking at its daily chart, it can be seen that MUMU is currently going up trying to break the $0.0000125 price resistance which can be a good short-term buying zone. 

If the token decides to go up from there, then there is a potential for the token to reach the $0.00002619 price target, which can create a huge profit. 

However, it is worth noting that the token is still volatile with low market capitalization, which means that it is more suitable for traders that have higher risk tolerance as the token can go up and down significantly in a short time. 

It is good to keep risk management in mind to cope with potential losses that might also come with its volatility. 

Investor Caution 

While MUMU’s journey has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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