$CANA memecoin explodes 400% in 2 days, gaining a huge following with its cannabis legalization focus, especially in Nigeria.
$CANA is a cannabis culture-meme coin that, two days into its release, increased by over 400%. It is, therefore, quite a hot main course for attention among crypto followers and cannabis believers, especially among the population of Nigeria, where a “Cana” is being used as an alias to refer to marijuana. Being all about making a statement over the legalization of cannabis across borders and responsible use, too, this starts some kind of cultural conversation.
As of now, $CANA is priced at $0.0005639, with a market cap of $580k and a trading volume of $550k. It’s already accumulated nearly 5,000 holders—no small feat for a fresh coin. It’s being traded on Pocketfi, part of the TON ecosystem, which is known for easy transactions.
The token’s success has sparked excitement on platforms like X and Telegram, where traders are showing off their earnings. Some are even sharing massive gains, like one who bought 58,895 $CANA for 5.30 TON ($30.76) and saw a 111% profit.
With this kind of auspicious beginnings, here’s the catch: critics call it a “pump-and-dump” scheme. It has an anonymous creator, and the hype will die once insiders cash in. For now, though, $CANA is high-riding, and going by the momentum that it gets from its name tied up with cannabis legalization, it is anyone’s guess when it shall survive.
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