As PEPE2 Dumps After 1,000% Move, But This Audited Bitcoin Project Has Secured $200,000 in Funding – 100x Potential?
As copycat tokens rise on DEX markets, the latest spin-off PEPE2 token has undertaken a +1,000% move, yet, amid the surge a breakout, warning signs reveal a potential scam, while safer Bitcoin project is capturing the attention of traders.
Recent months have seen a huge trend in explosive DEX-launched tokens, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, Baby Meme, MILK, XDOGE and IO.
The new project has seen more than 548 holders flock to take position in the emerging moon-shot, although Bubble maps highlights that there is a major cluster of wallet addresses, connected by PEPE2 transfers that accounts for over 37% of token supply – heightening the risk of a dump – in a major warning sign.
As PEPE2 price capitulates in a seismic dump, this PEPE2 spin-off is currently trading at a market price of $0.002144 (representing a 24-hour change of -56%).
The dramatic downside move came following a breakout +1,000% really, which saw price leap up +615% in the first three hours of trading, following a stealth launch at midnight on November 10.
A brief support level was established at $0.003596 across the early hours, setting the stage for an explosion in price action this morning.
Across three hours, price hammered up +202% out of consolidation, hitting an all-time high at $0.01085 around 8AM this morning (November 10).
Price struggled to establish support at these levels, amid declining buy pressure, and this set the stage for the tremendous dump, with price tumbling 97.56% in just one hour.
The dump appears to have been triggered by the highlighted cluster above, with the second-biggest address 0x75135b5484246d32a7f721aecbd71c4dfd39f6b7 initiating proceedings as it dumped 4.2% of
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