Key Takeaways
Why Did 2Z Turn Into a Financial Rollercoaster? 🎢💥
The altcoin plummeted faster than my dating app profile after rumors of a team sell-off.
Did the Founder’s “We’re Innocent!” Speech Help? 🤡
Not really. Players are still shorting it like it’s Monday and they’re out of coffee.
Double Zero [2Z] is currently the crypto world’s equivalent of a disastrous first date-launching at $1.20 on October 2nd, then crashing harder than my confidence after a breakup.
Over two days, it hit rock bottom at $0.50, a 60% nosedive on Binance. Sure, it clawed back to $0.50 by press time, but not before sparking accusations of a “team dump.” Classic drama, am I right? 😂
Founder Slams Rug-Pull Rumors (But No One’s Listening) 🧨
User Evans dropped a bombshell: “2Z will never touch $1.2 again. It’s a max extract.” Translation: “This is a scam, and you’re all fools.”
Trader CoinMamba added, “No airdrop, just the team selling like it’s Black Friday at the token mall.”
“Can’t blame the airdrop sellers here since there was no airdrop. It’s literally the team selling…”
Before launch, the community was already gossiping about Jump Crypto’s token allocation. Spoiler: They’re holding 28% of 10 billion tokens. Ouch. 🤯
Per the tokenomics, Jump could unload 5% (500 million 2Z) at launch. Meanwhile, the total unlocked supply was 3.47 billion tokens (35%)-with the rest trickling in by 2026. Classic slow drip. 🐢
Enter Austin Federa, founder, who loudly denied the rumors: “Team is locked, Founders are locked, VCs are locked. Foundation has not sold any tokens.”
“Team, VCs are locked.”
But his speech did *zero* to calm the chaos. Binance’s top traders cranked short positions up to 60% in two days. Even after Federa’s “we’re innocent!” speech, shorts stayed at 59%. Not exactly a standing ovation. 🤷♀️
Double Zero’s mission? To repurpose unused fiber optic cables for blockchain speed. Sounds fancy, but can it survive the FUD? Probably not unless the plot twists slow down. 🚀
Contributors earn 2Z tokens (SEC-approved, non-security, yay!) for lending their fiber. But let’s be real-the token’s drama is more addictive than my morning caffeine. ☕
Bottom line: 2Z needs to weather this storm and hope the crypto crowd forgets how bad this looks. Spoiler: They won’t. 🌪️
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2025-10-05 12:12