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Strange FTX Token Rockets Up 5,000% as Viral New Bitcoin Project Starts Raising Funds – What’s Going On?

Sam Cooling
Last updated: | 4 min read
X / HairyPlotterFTX

As Uptober battles its way into reality, a strange HairyPlotterFTX (FTX) token has exploded +5,000% overnight – in a moon shot taking aim at the now disgraced crypto exchange.

Built with months of planning – this new project launched to coincide with the recent flurry of news around FTX, as now infamous industry poster-boy Sam Bankman-Fried faces the fight of his life against a potential 110-year prison sentence.

<oembed url="https://twitter.com/BrotherMKT/status/1709127564415922670[/embed]

With a steady commitment to project stability such as a zero % tax, LP locked for 115 years and contract renouncement it’s clear FTX is an on-chain project with commitment – and this comes as the fresh-faced meme coin form a marketing partnership with Brothers Marketing.

FTX Price Analysis: Can HairyPlotterFTX Sustain +5,000% Price Move?

Amid the dramatic upside move, HairyPlotterFTX is currently trading at a market price of $0.0003815 (Representing a 24-hour change of +600.76%).

The skyrocketing price action has been driven by substantial market interest as buy pressure holds strong, with more than 2440 tx’s over the past 24-hours fuelling a surge of more than $2.18m in trading volume.

DEXtools / FTX USDT

Launched at just 13:00 (BST) on October 2, HairyPlotterFTX saw a slow initial launch, with price actually decreasing -140% in the first 3-hours of trading.

However, the initial tumble gave way to a fantastic entry price, and eagle-eyed traders flocked into the trade fuelling an initial +1,160% pump into October 3.

But on October 3, the real moon-shot move was triggered as multi-million volume swept through the chart, catalyzing a sensational +150% push – brining returns since launch to +5,325%.

Buy pressure – which holds strong – representing 56% of transactions over the past 6-hours, sets the stage for an impressive continuation of the current pump on the short-time frame.

This can be seen in the minor localized retracement move between 6 – 8 AM on October 3, which was rapidly eaten up by traders – as price surges towards a new ATH.

<oembed url="https://twitter.com/HairyPlotterFTX/status/1709146275076071608[/embed]

In other news, an emerging Bitcoin mining presale is capturing the interest of Bitcoin-aficionados, meet BTCMTX.

Break Into Bitcoin Mining With Bitcoin Minetrix’s Presale – Potential 10X?

Source / BTCMTX

Bitcoin mining, long seen as a domain dominated by colossal corporations with their deep pockets and access to state-of-the-art equipment, is undergoing a transformation.

Bitcoin Minetrix aims to ensure this lucrative venture is not just confined to the elites but is accessible to everyone.

How? By rewriting the rules of mining through its innovative Stake-to-Mine model.

<oembed url="https://twitter.com/bitcoinminetrix/status/1708862279050043535[/embed]

In a move aimed at side-lining energy-guzzling equipment, Bitcoin Minetrix provides an avenue where BTCMTX token holders can stake their tokens to receive mining credits.

These credits unlock the door to efficient Bitcoin cloud mining, making the process sustainable, secure, and, importantly, within everyone’s reach.

Here’s Why BTCMTX is Set to Explode Upon Launch

<oembed url="https://twitter.com/bitcoinminetrix/status/1708814166977294821[/embed]

Initiating their ICO with a starting price tag of just $0.011 for the BTCMTX token, Bitcoin Minetrix isn’t asking for a fortune but an opportunity.

An opportunity for investors to be a part of a transformation that could very well redefine the Bitcoin mining landscape.

And if the initial figures are anything to go by—with the project raising $115,000 within a day of the ICO announcement—investors are eager to hop on board this mining juggernaut.

What’s even more compelling is that this is not just an investment in a token but in a future-proof concept; a concept that merges the best of both worlds: staking and mining.

The results? Large APYs and rewards in the form of BTC, all without the traditional barriers of hefty investments and technical know-how.

How Does BTCMTX Ensure Security and Transparency?

Source / BTCMTX

The crypto world, unfortunately, has had its fair share of scams, especially in the cloud mining sector and this is where Bitcoin Minetrix departs from the norm.

Not only does it provide a transparent mechanism of mining but it also empowers its investors. How? By ensuring they have constant control over their staked tokens and the flexibility to un-stake whenever they deem fit.

No hidden clauses, no fine print, just straightforward staking and mining.

Furthermore, for those concerned about the safety of their investment, the BTCMTX smart contract underwent meticulous auditing by Coinsult, a respected blockchain security entity. 

The verdict? Clean as a whistle.

Bitcoin Minetrix stands tall, not merely because of its unique proposition but its commitment to making Bitcoin mining a universal venture.

With just a minimum investment of $10, it’s demolishing the barriers to entry, proving that you don’t need millions to be part of the mining elite.

For those seeking to ride the next wave of crypto innovation, the Bitcoin Minetrix presale is an avenue worth exploring.

In a world where Bitcoin’s derivatives are gaining traction, this is a project that not only promises returns but also champions the democratization of Bitcoin mining – a true game-changer in every sense of the word.

Buy BTCMTX Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.