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

cryptonews.com:

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.

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.

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.

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