HarryPotterObamaSonic10Inu2 (BITCOIN2) Pumps 25,000% But Will It Rugpull? Best Meme Coin Alternative Whales Are Buying

cryptonews.com:

As DEX tokens continue to explode, HarryPotterObamaSonic10Inu2 (BITCOIN2) has undertaken a sensational +25,000% pump, but with pundits now alleging it could be a scam - will BITCOIN2 rug-pull?

On-Chain Summer has so far seen DEX markets become a hive of activity, as intrepid traders chase almost daily dramatic moon-shots, and leading the pack has been a succession of big-coin spin-offs such as HarryPotterObamaSonic10Inu (BITCOIN), XRP20, and GUISE.

Now, HarryPotterObamaSonic10Inu2 (BITCOIN2) has emerged as the second incarnation of the original skyrocket - and price action has become super-charged.

But meme coin pundits are already alleging that the fresh-faced token could be a scam, with influencers on crypto twitter highlighting suspicious wallet activity.

Amid the sensational price action, HarryPotterObamaSonic10Inu2 is currently trading high at a market price of $0.01738 (a 24-hour change of +25,329%).

This comes following seismic upside moves, which were triggered on launch, sending BITCOIN2 from $0.00005 to $0.015 (+9,975%) in its opening hour.

As market attention gravitated towards the sensational price move, a staggering $276k in trading volume began to flood into the project.

The surge of interest over the next 7 hours pushed BITCOIN2 up to a whopping $1.75m market cap - bringing the total gains for early backers to a jaw-dropping +25,329%.

But all might not be quite what it seems, as data from DEXtools suggests that in a suspicious move supply has become concentrated into the hands of just 1 holder.

This is peculiar given a rich order books showing more than 430 transactions from a plethora of wallets.

And while BITCOIN2 does pass basic litmus tests such as Honeypot.is, many have become concerned about the potential for