Metaverse ETP (ETP) Pump Considered Entering Danger Zone, Project May be a Failed Coin

Metaverse ETP (ETP) is having an ongoing pump taking it beyond the usual levels of the past days. The asset is strongly affected by the rules of Bitfinex, and at the moment, shorting ETP is impossible, due to a lack of trading funds.

The ETP pump is seeing relatively small volumes of $12 million in 24 hours, but the climb in prices is starting to look unrealistic. ETP has appreciated by more than 116% in the past week and is not affected by the general market sentiment.

ETP reached a price of $1.49 on Tuesday at 7:00 UTC, after gaining more than 13% overnight. The sharpest price growth, a spike from $1.33 to $1.59 took only about an hour, followed by choppy trading. ETP also reached a temporary peak at 24,906 Satoshi before retreating toward 23,000 Satoshi.

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