Meme Coin $COPIUM Price Pumps as 18:00 CET Burn Event Powers Buying Frenzy
Top meme coin $COPIUM is blasting higher today as news of its huge burn event ignites a buying frenzy. Thirty per cent of token supply will be burned at 18:00 CET today, Tuesday 23rd May.
$COPIUM is already 36% higher, from $0.005072 to $0.06993 as it looks to reclaim its all-time high and pump higher from there.
The $COPIUM price has put in a solid floor at $0.0032 and is not looking back, as the price climbs higher on an ascending trendline.
$COPIUM price trajectory at the time of writing hints at a parabolic angle of attack for near-term price action.
It should not be underestimated what the price-positive impact of the 30% burn will likely be. Those hoping to ‘buy the rumor and sell the news 'could find themselves leaving a lot of money on the table, as they forgo what could be 100x gains looming for $COPIUM.
YouTuber crypto analysts are seeing huge gains ahead for $COPIUM.
Cleverly, the team at Copium token have perhaps anticipated the profit-takers by announcing that liquidity will be locked shortly after the burn event. This double whammy of ‘burn and lock’ could provide the ideal set up for bulls.
Locking liquidity on DEXs like Uniswap not only encourages new entrants to the market on the DEX side, it rings loudly as a vote of confidence in the project. It is what in traditional markets might be called a demonstration of ‘skin in the game’, because the liquidity providers are committed to the liquidity pool.
A withdrawal of funds by liquidity providers token – in this case the COPIUM tokens deposited by the team, will no longer be possible, thereby killing off fears about ‘rug pulls’.
The length of time of the lock is designated by the smart contract. This information has not yet been released by the team.
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