As REFUND Token Shoots Up 1,000%, This Overlooked Bitcoin Project Has Locked In $1.5 Million – Next 100x Coin?

cryptonews.com:

As on-chain moves spring back into life, the latest stealth-launched token to skyrocket is Refund token (REFUND) - which has undertaken a skyrocket +1,000% move.

Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless pump-and-dump moon-shots, including DEE, APX, MEGA, Blinky, DRS and SNOR.

Bolstered by the promise of Ethereum staking rewards, REFUND appears to have surged amid growing interest in so-called 'reflection tokens' - which seek to reward holders with a share of transaction fees.

As price action undertakes retracement and consolidation, REFUND is currently trading at a market price of $0.0₆3207 (representing a 24-hour change of +198.84%).

However, an emerging support level at $0.0₆2808 has now provided a consolidation zone for 6-hours - suggesting price action has found a foothold that could trigger a major bounce.

This comes after REFUND was launched at just 9pm on October 14, the first 24-hours of trading saw steady growth with well established lower support at $0.0₆1020.

At 22:00pm on October 15, 25-hours after trading began, REFUND hit a localised all-time high at $0.0₆6120 - which now forms the upper target for price action.

The sensational run was fuelled by more than $2m in 24-hour trading volume, in a frenzy of more than 7.9k in transactions driven by almost 930 holders.

With the REFUND market cap now stood at $1.15m, upside prospects look good here following a successful consolidation, with many similar reflection tokens surging to $3m market caps in recent weeks.

This suggests REFUND could still undertake a 2-3x move from an entry here, if price is able to breakout of the localised descendant trading channel.

But while on-chain traders size up a late entry, in other news, an