The new token HarryPotterObamaSonic10Inu has attracted the interest of large investors and analysts on the background of the fact that its value rose by more than 16,000% in a short period of time. The asset appeared on the market in May at a starting price of $0.00095, but recently its quotes reached $0.173.

Such dynamics could not go unnoticed. Specialists from Santiment released a detailed review with analytics, where they assessed the prospects of the token. According to experts, the bullish momentum is systematically weakening. The general passivity of traders in market conditions also causes problems. Analysts assume that in the near future HarryPotterObamaSonic10Inu may go into a deep drawdown.

One of the key triggers could be the token’s dependence on decentralized platforms. However, representatives of Santiment noted: if the asset is listed on CEX exchanges, it can give it an additional impetus to growth, as in the case of PEPE. Speaking about onchain metrics, the total capitalization of HarryPotterObamaSonic10Inu is currently estimated at $175 million, and daily trading volumes amounted to just over $10 million.