ETH6900 (ETH): High Risk, Recent 24% Drop Post-Launch

The ETH6900 (ETH) token has a recent history of high volatility and complex features such as a blacklisted wallet, adjustable taxes, and a hidden owner. The current market cap is approximately $43,900, with a liquidity of $7,200, which constitutes around 16% of the total. The LP is locked at 99% and has been burned to prevent further unlocking, indicating some effort to secure investor interests. Despite a launch market cap of around $42,270, the token experienced a 24% drop in value over the last 24 hours, with trading volumes reaching $129,000, suggesting significant recent sell-offs. The token’s price has dropped to approximately $0.00004416, well below its all-time high of roughly $72,600, which was achieved with a 1718x increase. The token's ownership has been renounced, reducing central control. The project appears to have been launched just over 5 hours ago, with rapid initial growth but recent decline.