Rekt is the latest memecoin to gain popularity as it skyrocketed by a whopping 90%. It is the Arbitrum-based token that has been created recently that aims to bring an exciting experience in investing. Rekt is popular in crypto slang as it implies a financial loss, but the developers of the project insist that no one will be cheated through it but rekted instead. After its emergence, several exchanges started listing the memecoin. This includes exchanges like AscendEX, Lbank.com, Poloniex and Uniswap. All of these boosted its value to an all-time high of $0.00000003935 but with multiple listings, its value dropped shortly afterwards to $0.000003389.

Memecoins are known for their high-risk investments which can bring both winners or losers. Pumping, the act inflate prices of cryptos, has also recently turned high-tech with a Maximal Extractable Value bot being used to pump the WOJAK and PEPE tokens in a very small span of time. This is designed to increase their respective values by 80% and over 200%.

Conclusionally, Rekt is an Arbitrum-based token that came into being recently that aims to provide a thrilling investing experience. It saw an unprecedented rise to its all-time high as multiple exchanges listed it for their users. The risk factor is still there for such tokens with the Maximal Extractable Value bot being used to manipulate the prices.



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