As iGRAIL Skyrockets 465%, This Modest Crypto Has Gathered $2.9 Million – Next Big Thing?

cryptonews.com:

The price of Grail Inu (iGRAIL) has rocketed by more than 450% in the past 24 hours, rising to $0.000000212 after the new meme crypto listed on the Abritrum-based Camelot DEX a couple of days ago.

iGRAIL is only the latest in a long line of new meme tokens to hit the crypto market this year, and while it has so far maintained its price level over the past few hours, its low liquidity could mean that a big drop isn’t too far away.

However, traders not willing to take on the risk iGRAIL presents could turn to other new tokens, with several promising coins currently holding their presales.

And one of the most promising of these is Bitcoin ETF Token, an ERC-20 cryptocurrency that has raised close to $3 million in its sale and that has linked its deflationary tokenomics to Bitcoin ETFs.

Apparently a Curve Inu fork, iGRAIL opened its Twitter account in September of this year and first listed on Camelot on December 5.

Its opening day was very quiet, yet it began rising fairly aggressively from yesterday, before hitting its current record high earlier this morning.

While iGRAIL is semi-distinct from other micro-meme tokens in that it has an online presence (including a Telegram account), it still looks risky as a token.

For one, its entry on DEXTools has awarded its a project reliability score of 23 out of 99, with this low ranking based on its opaque holder count and on a modifiable tax rate.