Phoenix Global token soars by 5,600% in just four minutes — But there’s a catch By Cointelegraph

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It took simply 4 minutes for a comparatively unknown cryptocurrency to rise by over 5,600% as of Nov. 5, in line with knowledge from CoinMarketCap.

Dubbed Phoenix World (PHB), the token soared from $0.02057 to as excessive as $1.1413 on Nov. 5, with its quantity dropping surprisingly — from $3.79 million to round $777,680 in the identical interval.

Phoenix World (PHB) worth motion within the final 24 hours. Supply: CoinMarketCap
Phoenix World (PHB) market cap efficiency within the final 24 hours. Supply: CoinMarketCap
PHIB/USDT each day worth chart. Supply: TradingView