What's Going On With the Strange FTX Token Rocketing Up 5,000% as a Viral New Bitcoin Project Starts Raising Funds?

What's Going On With the Strange FTX Token Rocketing Up 5,000% as a Viral New Bitcoin Project Starts Raising Funds?

A strange HairyPlotterFTX (FTX) token has exploded +5,000% overnight, taking aim at the now-disgraced cryptocurrency exchange as Uptober struggles to become a reality.

Built after months of preparation, this new project debuted to coincide with the recent flurry of news surrounding FTX, as now-famous industry poster boy Sam Bankman-Fried faces the fight of his life against a potential 110-year prison sentence.

It is evident that FTX is an on-chain project with commitment thanks to its consistent commitment to project stability, including a zero percent tax, LP locked for 115 years, and contract renouncement. This comes as the fresh-faced meme coin forms a marketing partnership with Brothers Marketing.

Can HairyPlotterFTX maintain a +5,000 percent price move?

HairyPlotterFTX is currently trading at a market price of $0.0003815 (representing a 24-hour change of +600.76 percent) amid the sharp upward movement.

With more than 2440 transactions over the past 24 hours fueling a surge of more than $2 point 18 million in trading volume, the market's intense interest has been the primary driver of the price action's skyrocketing movement.

On October 2, HairyPlotterFTX was only briefly introduced at 13:00 (BST), and it had a slow initial launch, with a price decline of -140 percent in the first three hours of trading.

However, the initial decline resulted in a fantastic entry price, and keen traders flocked to the trade, fueling an initial +1,160 percent pump into October 3.

The real moonshot move, however, occurred on October 3, when multi-million volume swept across the chart, sparking a sensational +150 percent push that increased returns since launch to +5,325 percent.

Buy pressure, which continues to be strong and made up 56 percent of transactions over the previous six hours, paves the way for an impressive extension of the current pump in such a short time frame.

This is demonstrated by the small localized retracement move that occurred on October 3 between 6 and 8 AM, which was quickly consumed by traders as the price surged towards a new ATH.

In other news, BTCMTX, a new Bitcoin mining presale, is piqueing enthusiasts' interest.

With Bitcoin Minetrix's presale, you can start mining bitcoins with a potential 10X return.

A transformation is taking place in the world of bitcoin mining, which was once thought to be dominated by massive corporations with access to cutting-edge technology and deep pockets.

With the help of Bitcoin Minetrix, everyone will be able to participate in this lucrative business instead of just the wealthy.

By using its ground-breaking Stake-to-Mine model to completely rewrite the rules of mining.

In an effort to reduce the use of energy-intensive machinery, Bitcoin Minetrix offers a way for BTCMTX token owners to stake their tokens in exchange for mining credits.

These credits open the door to effective Bitcoin cloud mining, putting the process within everyone's reach while also ensuring its sustainability and security.

Here's Why the Launch of BTCMTX Will Cause It to Collapse.

Bitcoin Minetrix isn't asking for a fortune; instead, they're offering an opportunity with the launch of their initial coin offering, which starts at just $0.011.

an opportunity for investors to take part in a change that may completely alter the Bitcoin mining industry.

Investors are eager to join this mining juggernaut, if the initial numbers are anything to go by—the project raised $115,000 in less than a day after announcing its initial coin offering.

The fact that this is an investment in a concept that combines the best aspects of mining and staking makes it even more compelling because it goes beyond a simple token purchase.

The end result is high APYs and rewards in the form of Bitcoin, all without the usual hurdles of sizable investments and technical expertise.

What Security and Transparency Measures Does BTCMTX Take?

Unfortunately, there have been a fair number of scams in the cryptocurrency world, particularly in the cloud mining industry, and this is where Bitcoin Minetrix differs from the norm.

It not only offers a transparent mining mechanism, but it also gives its investors more power. By giving them complete control over their staked tokens and the freedom to un-stake them whenever they see fit.

There are no secret clauses or small print; just simple staking and mining.

In addition, for those worried about the security of their investment, the Coinsult, a reputable blockchain security entity, meticulously audited the BTCMTX smart contract.

Clean as a whistle, was the conclusion.

In addition to its original idea, Bitcoin Minetrix is notable for its dedication to making Bitcoin mining a global endeavor.

It's shattering entry barriers by requiring just a $10 minimum investment and demonstrating that you don't need millions to join the mining elite.

The Bitcoin Minetrix presale is a route worth taking for those looking to ride the next wave of crypto innovation.

This project, which not only promises returns but also advocates for the democratization of Bitcoin mining, is a true game-changer in every sense of the word in a world where Bitcoin's derivatives are gaining popularity.

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