BTC Bull Launches BTCBULL Token on Uniswap After $8M Crypto Presale, Price Drops 42% in First Hours
The BTC Bull crypto project launched its ERC-20 BTCBULL token on Uniswap today (Monday) at 14:00 UTC, following the close of an $8 million crypto presale. The token was listed at $0.002564. Within minutes, the price dropped to $0.001389, a 46% decline. At the time of writing, $BTCBULL is trading at $0.0015, down 42% from the listing price, with approximately $750,000 in trading volume in the first four and a half hours.
The Uniswap launch was backed by $778,000 in liquidity. On July 3, the project team burned 35% of the total BTCBULL token supply, reducing it from 21 billion to 13.65 billion tokens in supply. Based on the listing price, the initial market capitalization was approximately $35 million. According to project announcements, over 1.8 billion tokens were already staked before the $BTCBULL listing, limiting the tradable token pool at launch.
BTC Bull is a meme coin with staking, token burns, and Bitcoin reward mechanisms tied to BTC price milestones. The project’s smart contract automates events at key Bitcoin levels, with a burn scheduled at $125K BTC, and a Bitcoin airdrop for holders planned at $150K BTC. Additional supply burns and BTC rewards are set for $175K, $200K, $225K, and a 10% BTCBULL airdrop is planned if Bitcoin reaches $250K.
** The full article was originally published on TheHolyCoins, a crypto news platform focused on early-stage projects, token launches, and presales.
