Strange ‘10000X’ token Shoots Up 5,000% in 24 Hours as New Bitcoin ETF Project Goes Viral – $1.8M Milestone Achieved
In the latest strange DEX market rally, an unlikely token named ‘10000x’ has exploded +5,000%, but as market attention shifts towards a new Bitcoin ETF project, will 10000x dump?
Recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, Baby Meme, TIME, ROCKY and IO.
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Token: $10000X (10000X)
Current tax: ?/?
Contract: 0x86bf94708ccde8729350c4addb745db2be3802a4
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— Hannah Announcement (@Hannahcoineth) November 27, 2023
With little to no marketing on social media, the obscure new 10000x token appears to be a straight up high-risk moon-shot attempt, with price action undertaking volatile moves amid no liquidity lock.
Amid a seismic dumping move, the mysterious 10000X Token is currently trading at a market price of $0.00001023 (representing a 24-hour change of -97.6%).
The downside cascade has broken out over the past two-hours, with price plummeting from a top of $0.00425 as the unlocked liquidity pool began draining away.
This comes despite rocketing to a $10m market cap yesterday, in a dazzling move, that saw price shoot up a whopping +3,581% in the first-hour of trading.
Yet, although 10000X token was able to undertake a sensational upside move – price action remained static in consolidation above $0.004.
Across 12-hours trading there was little to no volatility, highlighting the suspicious nature of this likely rug-pull coin.
However, this failed to deter 300 – now fearful holders – that rushed into the chart amid 82% buy-volume, ahead of the dramatic dumping price action.
This goes to highlight the risks of DEX traded tokens – with significant dumping moves
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