Pump and dump alert: Bitcoin 2 surged 5500% today

06 Jun, 2019
by Joeri Cant
News
Pump and dump alert: Bitcoin 2 surged 5500% today

After a quit launch last year, Bitcoin 2, a 'cleverly-named', Bitcoin fork, cracked its way into the top 25 with a loud, short bang, leading the cryptocurrency market with more than 5500% gain on the day.

With a gain of more than 5500% on the day, Bitcoin 2, a BTC fork, surged itself briefly into the top 25 cryptocurrencies.

The mostly unknown asset boosted up the charts today, with a gain of more than 5,000% in value within a 24-hour period.

Clearly the coin became the subject of yet another pump and dump effort, and most likely we had a whale on our hands who was pushing the BTC2 price up to then dump their holdings on all the investors who fell for the FOMO.

At the time of writing BTC2 is trading at around $3, down from hitting its peak of $29.27 per coin, according to CoinMarketCap data.

Just last week it was announced that Bitcoin 2 got listed on Coinmarketcap.com.

Luckily, the cryptoverse can have a good laugh about this peculiar coin, which apparently still has over 95% of the BTC2 coin supply waiting to be claimed by Bitcoin holders since the initial fork.

Yeah, good luck with that!

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