Meme Token Surges 93% – What’s Behind the Price Jump and Why Tribaldex’s Volume Seems Off

Hey everyone, I wanted to share some exciting updates about MemeHive and dive into a bit of a mystery surrounding the Meme token’s recent price surge. Buckle up—this is a wild ride!

Meme Token’s Massive 93% Surge
Let’s start with the big news: the Meme token has skyrocketed by 93% recently! I’ve been tracking its price on Beeswap (via swap.hive), and the numbers are impressive. A few months ago, Meme was trading at 0.00004 SWAP.HIVE. Now, as you can see in my screenshot, it’s sitting at a whopping 0.0005 SWAP.HIVE. That’s a huge jump! Even more recently, the price shot up from 0.0003 to 0.0005, which is a significant leap in a short time.

But here’s where things get confusing…

Tribaldex’s $8 Volume Claim – Does It Add Up?
Tribaldex is reporting that the trading volume for Meme during this surge was only $8. That number seems way off to me. A price increase of this magnitude—especially the recent jump from 0.00027 to 0.0005—would require much more than $8 in trading volume. We’re talking about a token that’s part of a liquidity pool with 670.07 SWAP.HIVE and 12,736,945.45 Meme tokens (as shown in my Beeswap screenshot). For the price to move this much, there has to be significant buying pressure and volume—far more than $8.

I’m not sure what kind of calculations Tribaldex is using, but something doesn’t seem right here. Does anyone have insights into how Tribaldex calculates volume? I’d love to understand what’s going on behind the scenes. If you have any ideas, please enlighten me in the comments!

Why I’m Bullish on MemeHive
Despite the volume confusion, I’m genuinely excited about what’s happening with MemeHive. For those who don’t know, MemeHive is a decentralized social media platform on the Hive blockchain where users can earn rewards (in Meme tokens) for creating and curating memes. It’s a Web 3.0 gem that’s all about community ownership and incentivizing creativity, and it’s been gaining traction.

The price movements we’re seeing are a great sign—people are clearly buying Meme tokens, and the upward trend reflects growing interest. I’ve been doubling down on my position myself. Right now, I’ve got over 13.2 million Meme tokens staked, with another 2.1 million delegated. My staked Meme Power is sitting at around 11.25 million Meme tokens, give or take. I’m all in on this project because I believe in its potential to shake up the meme economy on the blockchain.

Final Thoughts
The 93% surge in Meme token’s price is thrilling, and I’m loving the momentum MemeHive is building. However, the discrepancy in reported volume on Tribaldex has me scratching my head. If anyone can shed light on how their calculations work—or if there’s another explanation for the low volume figure—I’d really appreciate it.

In the meantime, I’ll keep stacking those Meme tokens and supporting this awesome community. What do you think about MemeHive’s recent growth? Are you jumping on the Meme token train too? Let’s talk in the comments!

All data and screenshots are based on my observations from Beeswap and Tribaldex. Prices and volumes may vary, so always DYOR (do your own research)!