As altcoins rise on the DEX market, the latest derivative PEPE2 token has risen by 1,000%, however, amid the surge and breakout, warning signs reveal potential scams while safer Bitcoin projects are attracting traders’ attention.

There has been an explosive and huge trend of DEX-launched tokens in recent months, with numerous moonshots gaining traction, including the popular APX, SAMBO Bot, Baby Meme, MILK, XDOGE, and IO.

The new project has seen over 548 holders flock to grab a spot on this emerging moonshot, though the bubble chart highlights the existence of a major cluster of wallet addresses, connected via PEPE2 transfers, holding over 37% of the token supply – raising the risk of a dump – a major warning sign.

PEPE2 Price Analysis: As PEPE2 Soars 1,000%, Is a Sell-off Inevitable?

Due to the significant drop in PEPE2 prices, the current market price of this PEPE2 derivative is $0.002144 (representing a 24-hour change of -56%).

After launching secretly at midnight on November 10, the price actually broke through +1,000%, surging +615% in the first three hours of trading before a dramatic downward move.

A brief support level was established at $0.003596 during the early trading session, setting the stage for this morning’s breakout in price action.

In three hours, the price surged 202% from consolidation, hitting an all-time high of $0.01085 around 8am this morning (Nov. 10).

The price struggled to establish support at these levels amid declining buying pressure, which set the stage for a massive sell-off that saw the price plummet 97.56% in just one hour.

Since all of these addresses were connected in the same localized cluster, this appears to be a coordinated move, perhaps just one large whale — initiating a devastating pull on other holders, with about 10% of the supply sold in 4 minutes (netting the dumpers about $83,755 in ETH).

The dump was foreshadowed by the presence of large supply clusters, a classic warning sign of pull activity – further warning signs emerged in 3 audits, confirming that this PEPE2 derivative was a honeypot.

However, while PEPE2 holders are reeling from the theft of proceeds, the fully audited and security-vetted Bitcoin ETF presale is becoming a favorite among weekend traders.

This Bitcoin Alternative Token Could Soar in a Bitcoin ETF Bull Run – Don’t Miss Out

A new presale for a bitcoin alternative launched this week, offering eagle-eyed traders a chance to cash in on bitcoin ETF rumors without incurring the $36,000 cost of becoming a full-coin trader.

The Bitcoin ETF token ($BTCETF) currently has a market price of $0.005 in the first round of funding, having raised $237,045 on the first day of pre-sale.

Designed and built with the potential for meteoric growth in mind, this promising token aims to fuel market excitement around the ongoing adoption of a Bitcoin spot ETF.

The early stages of the emerging project’s presale are designed to achieve a hard cap of $5 million in presale funding, providing investors with a unique opportunity to enter at an early entry point that could lay the foundation for life-changing gains.

Riding the ETF Rally Made Easy: Bitcoin ETF Tokens Are a Key Component in Every BTC Trader’s Toolbox

In fact, more than just a useless meme coin, a Bitcoin ETF has one major purpose besides targeting the biggest narrative in the crypto space: Bitcoin ETF news alerts.

The token’s dApp provides traders with a real-time feed of the latest Bitcoin spot ETF information and news, and leverages the SEC’s advanced technology for real-time tracking applications, as well as high-speed bots that monitor social media for the latest ETF news.

But a simple feed of Bitcoin spot ETF news only highlights a small portion of the potential of Bitcoin ETF tokens, providing savvy traders with a stress-free opportunity to earn market-beating returns with easy access to real-time updating alerts; Be one of the first to hear news about Bitcoin spot ETFs perks.

This could allow traders to properly position themselves during wild Bitcoin market swings, making Bitcoin ETF tokens a key component in every BTC trader’s toolbox this winter.

Surging interest in Bitcoin alternatives could see BTC ETF outperform PEPE2 tokens

The project’s token economics are supported by an ambitious plan that combines staking rewards that incentivize long-term holding with a burn mechanism that will enhance the BTCETF’s position as a “digital gold” alternative by creating a price deflation mechanism.

Phase 3 of the Bitcoin ETF project roadmap will introduce an initial destruction mechanism upon launch on a market-positive DEX, imposing an initial 5% destruction tax on transactions – a tax that will be reduced by -1% each time a Bitcoin ETF news milestone is reached.

However, a larger destruction mechanism for Phase 4 is in the works, a move that will result in 25% of the token supply being destroyed over time, which will be done at 5% destruction intervals — each time a supply-side reduction is achieved in the form of a Bitcoin ETF reaching a news milestone.

The milestones of the destruction mechanism are as follows:

  • Milestone 1 – $BTCETF reaches $100M in trading volume – Transaction burn tax reduced from 5% to 4%, 5% of total supply destroyed.

  • Milestone 2 – First Bitcoin ETF approved by SEC – Transaction burn tax reduced from 4% to 3%, and an additional 5% of total supply destroyed.

  • Milestone 3 - Launch date of the first Bitcoin ETF - Transaction destruction tax reduced from 3% to 2%, and an additional 5% of total supply destroyed.

  • Milestone 4 – Bitcoin ETF Assets Under Management (AUM) reaches $1 billion – Transaction burn tax reduced from 2% to 1%, with a further 5% of total supply destroyed.

  • Milestone 5 – Bitcoin price reaches $100,000 – Transaction burn tax drops from 1% to 0% and an additional 5% of total supply is destroyed.

This will cause the total supply to gradually decrease, eventually leaving about 70% of BTCETF in circulation, and the reduction in supply will lead to higher prices.

This does not take into account the potential for token value accumulation driven by trader demand to access the ETF News dApp and continued demand for Bitcoin alternatives.

In fact, 2023 has seen an explosion in Bitcoin-related tokens - with the market showing real interest in BRC-20 ordinal tokens, Bitcoin cloud mining, and Bitcoin derivatives.

Therefore, don’t miss the opportunity to get in early before the next major Bitcoin rally.

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