LAUNCHCOIN Price Soared 9,336% in 12 Days—But Is It Safe?
The post LAUNCHCOIN Price Soared 9,336% in 12 Days—But Is It Safe? appeared on BitcoinEthereumNews.com. LAUNCHCOIN has experienced an impressive 9,336% price increase over the past 12 days, capturing the attention of investors. This massive rally has raised the cryptocurrency’s market cap to $258 million, putting it above tokens like Gigachad and Moo Deng. However, the rise has also sparked concerns about the token’s legitimacy and sustainability. LAUNCHCOIN Red Flags: Slow Holder Growth and Supply Concentration The number of LAUNCHCOIN holders surged from 7,738 to 31,683 in just 18 days. However, this growth has significantly slowed down in the last week, with fewer than 600 new holders joining. This pause in growth, coupled with the price rally, hints that the token might be reaching a market top. This slow pace of holder growth raises questions among investors about the altcoin’s long-term potential. While the massive price surge initially attracted many, the lack of new investors could indicate that LAUNCHCOIN is running out of momentum. Investors are likely realizing that the market has become overbought, and price corrections may be ahead. LAUNCHCOIN Holder Data. Source: GeckoTerminal Beyond the erratic growth of holders, some red flags are emerging for LAUNCHCOIN. Earlier this month, the altcoin changed its name from Bob Pasternak (PASTERNAK) to LaunchcoinOnBelieve, which is likely an effort to appear more legitimate. However, data from RugCheck reveals that 83% of the total LAUNCHCOIN supply was allocated to just 420 wallets, which is highly concentrated. This suggests that a small group of holders controls most of the coin’s supply, increasing the risk of price manipulation. Additionally, less than 25% of LAUNCHCOIN’s liquidity pool (LP) is locked. In the early stages of an asset’s lifecycle, larger LP locks help provide stability and instill investor confidence. The current lack of LP locking raises concerns that the token may be vulnerable to sudden volatility, which could deter investors from holding…
The post LAUNCHCOIN Price Soared 9,336% in 12 Days—But Is It Safe? appeared on BitcoinEthereumNews.com.
LAUNCHCOIN has experienced an impressive 9,336% price increase over the past 12 days, capturing the attention of investors. This massive rally has raised the cryptocurrency’s market cap to $258 million, putting it above tokens like Gigachad and Moo Deng. However, the rise has also sparked concerns about the token’s legitimacy and sustainability. LAUNCHCOIN Red Flags: Slow Holder Growth and Supply Concentration The number of LAUNCHCOIN holders surged from 7,738 to 31,683 in just 18 days. However, this growth has significantly slowed down in the last week, with fewer than 600 new holders joining. This pause in growth, coupled with the price rally, hints that the token might be reaching a market top. This slow pace of holder growth raises questions among investors about the altcoin’s long-term potential. While the massive price surge initially attracted many, the lack of new investors could indicate that LAUNCHCOIN is running out of momentum. Investors are likely realizing that the market has become overbought, and price corrections may be ahead. LAUNCHCOIN Holder Data. Source: GeckoTerminal Beyond the erratic growth of holders, some red flags are emerging for LAUNCHCOIN. Earlier this month, the altcoin changed its name from Bob Pasternak (PASTERNAK) to LaunchcoinOnBelieve, which is likely an effort to appear more legitimate. However, data from RugCheck reveals that 83% of the total LAUNCHCOIN supply was allocated to just 420 wallets, which is highly concentrated. This suggests that a small group of holders controls most of the coin’s supply, increasing the risk of price manipulation. Additionally, less than 25% of LAUNCHCOIN’s liquidity pool (LP) is locked. In the early stages of an asset’s lifecycle, larger LP locks help provide stability and instill investor confidence. The current lack of LP locking raises concerns that the token may be vulnerable to sudden volatility, which could deter investors from holding…
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