RugPull
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🎭 This is what a real rug pull looks like...
A random dev just dropped a step-by-step video exposing how:
1️⃣ A scam token is created
2️⃣ Fake hype is generated
3️⃣ Liquidity is pumped
4️⃣ And then… everything gets drained 💸
😵💫 No words explain it better than this — pure manipulation in action.
📉 Crypto doesn’t forgive the naive.
DYOR or get wrecked.
#Rugpull #Cryptoscam #altcoins
A random dev just dropped a step-by-step video exposing how:
1️⃣ A scam token is created
2️⃣ Fake hype is generated
3️⃣ Liquidity is pumped
4️⃣ And then… everything gets drained 💸
😵💫 No words explain it better than this — pure manipulation in action.
📉 Crypto doesn’t forgive the naive.
DYOR or get wrecked.
#Rugpull #Cryptoscam #altcoins
🔥 The Hidden Crypto Crisis No One’s Talking About - Until Now 🔥
We all celebrate the boom, the moonshots, the 10x gains... but what about the massive wave of crypto project failures and scams flooding the market right now?
In the past 6 months alone, hundreds of “promising” tokens have vanished overnight. Rug pulls, fake teams, empty promises and the sad truth? Many new traders lose everything before even realizing what hit them.
Why isn’t this front page news here on Binance Square?
Because awareness is the best weapon. This community has to get smarter, faster. Here’s what I’ve learned the hard way:
🔍 Always DYOR — dig into project teams, tokenomics and community vibes.
⚠️ Beware hype cycles driven by bots and influencers with agendas.
📉 Diversify and never put in what you can’t afford to lose.
I’m calling on everyone here: let’s build a safer, smarter trading space by sharing red flags and exposing scams openly. Protect each other.
Have you ever fallen victim to a rug pull or shady token? Share your story here to warn others.
#Rugpull #pumpanddump #Altcoin #MEME #TradeSmart
We all celebrate the boom, the moonshots, the 10x gains... but what about the massive wave of crypto project failures and scams flooding the market right now?
In the past 6 months alone, hundreds of “promising” tokens have vanished overnight. Rug pulls, fake teams, empty promises and the sad truth? Many new traders lose everything before even realizing what hit them.
Why isn’t this front page news here on Binance Square?
Because awareness is the best weapon. This community has to get smarter, faster. Here’s what I’ve learned the hard way:
🔍 Always DYOR — dig into project teams, tokenomics and community vibes.
⚠️ Beware hype cycles driven by bots and influencers with agendas.
📉 Diversify and never put in what you can’t afford to lose.
I’m calling on everyone here: let’s build a safer, smarter trading space by sharing red flags and exposing scams openly. Protect each other.
Have you ever fallen victim to a rug pull or shady token? Share your story here to warn others.
#Rugpull #pumpanddump #Altcoin #MEME #TradeSmart
#CryptoScamSurge — Don't Be the Next Victim in 2025
Scams in crypto are exploding again in 2025 — rug pulls, fake airdrops, phishing apps, and AI-generated token shills.
In July alone, over $88M+ has been lost to fake "staking platforms" and fake Telegram bots pretending to be Binance or Trust Wallet.
⚠️ Trending Scam Types:
🔸 Fake Token Presales on Twitter & Telegram
🔸 Phishing DApps that connect to your wallet and drain funds
🔸 AI voice clones of crypto influencers asking for USDT
Even experienced users are getting trapped.
🛡️ How to Stay Safe:
✅ Never sign random wallet transactions you don’t fully understand
✅ Avoid clicking links sent via DMs or shady groups
✅ Double-check URLs (look for ".org" vs ".com" tricks)
✅ Use official apps only — not Google ad links
---
🔐 Pro Tip:
Always test a token address on CoinMarketCap, CoinGecko, or directly inside Binance App before interacting.
If it’s not verified — don’t touch it.
---
🚨 TL;DR:
Crypto is full of opportunity — but also full of traps. In 2025, scams are more advanced, more believable, and more costly.
Stay smart. Stay skeptical. Stay secure.
---
🔖 Hashtags:
#CryptoScamSurge #CryptoSecurity #Web3Safety #CryptoNews #DeFi #RugPull #BinanceSquare #StaySafeCrypto #CryptoEducation
Scams in crypto are exploding again in 2025 — rug pulls, fake airdrops, phishing apps, and AI-generated token shills.
In July alone, over $88M+ has been lost to fake "staking platforms" and fake Telegram bots pretending to be Binance or Trust Wallet.
⚠️ Trending Scam Types:
🔸 Fake Token Presales on Twitter & Telegram
🔸 Phishing DApps that connect to your wallet and drain funds
🔸 AI voice clones of crypto influencers asking for USDT
Even experienced users are getting trapped.
🛡️ How to Stay Safe:
✅ Never sign random wallet transactions you don’t fully understand
✅ Avoid clicking links sent via DMs or shady groups
✅ Double-check URLs (look for ".org" vs ".com" tricks)
✅ Use official apps only — not Google ad links
---
🔐 Pro Tip:
Always test a token address on CoinMarketCap, CoinGecko, or directly inside Binance App before interacting.
If it’s not verified — don’t touch it.
---
🚨 TL;DR:
Crypto is full of opportunity — but also full of traps. In 2025, scams are more advanced, more believable, and more costly.
Stay smart. Stay skeptical. Stay secure.
---
🔖 Hashtags:
#CryptoScamSurge #CryptoSecurity #Web3Safety #CryptoNews #DeFi #RugPull #BinanceSquare #StaySafeCrypto #CryptoEducation
🚨 $7M Hulk Hogan Memecoin Scam Shocks Crypto Market The crypto world has once again been shaken by
🚨 $7M Hulk Hogan Memecoin Scam Shocks Crypto Market
The crypto world has once again been shaken by a major scam. Just a day after the announcement of wrestling legend Hulk Hogan’s (Terry Bollea) death, suspicious new tokens flooded the market. The most notable among them — the so-called “Hulk Hogan Tribute” token — skyrocketed to over **$7 million in market cap** before crashing to near zero in less than 24 hours.
💥 The token — $SOL
$SOL — soared quickly on decentralized exchanges, driven by emotional traders hoping to honor the late icon. Despite early red flags, many jumped in. But within a single candle, the entire market cap collapsed to just **$5,700**, leaving only **$7,100 in liquidity**. That’s a drop of over **99.7%**.
🧠 Tribute or Trap?
While some thought this was a genuine tribute, blockchain analysts flagged it as a scam early on. The token was allegedly boosted using trading bots to fake high demand. There were even NFTs made with Hulk Hogan’s image — but none gained traction, overshadowed by the token’s dramatic fall.
🔁 Not the First Time…
This isn’t Hogan’s first brush with crypto controversy. Back in 2023, his official X (Twitter) account was hacked to promote a memecoin called *Hulkamania* — which ended in a classic rug pull.
This time, some traders even revived that old token — but it too crashed shortly after a small pump.
🧢 Ben Askren Dragged Into Another Scam?
In a parallel case, UFC fighter **Ben Askren** found himself unknowingly (or unintentionally) involved in another memecoin scam. Just one day after being discharged from the hospital — following a double lung transplant — his official X account promoted **“FUNKY,”** a Solana-based token named after his nickname.
🧨 It was later revealed that the token was launched by **Sahil Arora**, a known scammer behind multiple rug pulls. Soon after Askren’s post, the project was drained and abandoned, leaving the price at **zero** and the scammer walking away with just **$1,200**.
The crypto community suspects Askren’s account may have been compromised. His team hasn’t confirmed whether the post was authorized.
---
⚠️ **Disclaimer:**
This article is for educational purposes only and does not constitute investment advice. Cryptocurrency trading carries risks and can lead to financial losses. Always do your own research (DYOR).
📌 #Memecoin #CryptoScam #HULKToken #FUNKY #BenAskren #SahilArora #Solana #CryptoNews #RugPull
The crypto world has once again been shaken by a major scam. Just a day after the announcement of wrestling legend Hulk Hogan’s (Terry Bollea) death, suspicious new tokens flooded the market. The most notable among them — the so-called “Hulk Hogan Tribute” token — skyrocketed to over **$7 million in market cap** before crashing to near zero in less than 24 hours.
💥 The token — $SOL
$SOL — soared quickly on decentralized exchanges, driven by emotional traders hoping to honor the late icon. Despite early red flags, many jumped in. But within a single candle, the entire market cap collapsed to just **$5,700**, leaving only **$7,100 in liquidity**. That’s a drop of over **99.7%**.
🧠 Tribute or Trap?
While some thought this was a genuine tribute, blockchain analysts flagged it as a scam early on. The token was allegedly boosted using trading bots to fake high demand. There were even NFTs made with Hulk Hogan’s image — but none gained traction, overshadowed by the token’s dramatic fall.
🔁 Not the First Time…
This isn’t Hogan’s first brush with crypto controversy. Back in 2023, his official X (Twitter) account was hacked to promote a memecoin called *Hulkamania* — which ended in a classic rug pull.
This time, some traders even revived that old token — but it too crashed shortly after a small pump.
🧢 Ben Askren Dragged Into Another Scam?
In a parallel case, UFC fighter **Ben Askren** found himself unknowingly (or unintentionally) involved in another memecoin scam. Just one day after being discharged from the hospital — following a double lung transplant — his official X account promoted **“FUNKY,”** a Solana-based token named after his nickname.
🧨 It was later revealed that the token was launched by **Sahil Arora**, a known scammer behind multiple rug pulls. Soon after Askren’s post, the project was drained and abandoned, leaving the price at **zero** and the scammer walking away with just **$1,200**.
The crypto community suspects Askren’s account may have been compromised. His team hasn’t confirmed whether the post was authorized.
---
⚠️ **Disclaimer:**
This article is for educational purposes only and does not constitute investment advice. Cryptocurrency trading carries risks and can lead to financial losses. Always do your own research (DYOR).
📌 #Memecoin #CryptoScam #HULKToken #FUNKY #BenAskren #SahilArora #Solana #CryptoNews #RugPull
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#CryptoScamSurge
The crypto community facing scams: how to recognize, prevent, and act.
The rise in cryptocurrency prices has brought with it a concerning increase in increasingly elaborate frauds, threatening the credibility of the crypto environment and opening the door to greater regulatory controls.
How can the crypto ecosystem respond?
🔹 Continuous education: It is vital to share information about frauds such as rug pulls, phishing, misleading giveaways, and emotional scams. Workshops, educational threads, and open resources can make a difference.
🔹 Real transparency: Encourage projects to present clear documentation, verifiable teams, and publicly available audits.
🔹 Joint action: Platforms, wallets, and users must work together by sharing lists of scammers and reporting suspicious activities.
🔹 Analytical tools: Promote the use of services like Token Sniffer or DEXTools to evaluate contracts and tokens before investing.
🔹 Active support for victims: Create spaces where users can report scams and share alerts to prevent others from falling victim.
Main crypto scams in 2025
⚠️ Deepfakes: Manipulated videos or audios where supposed celebrities promote false investments.
⚠️ Pig Butchering: Emotional scams that build false relationships to later steal funds.
⚠️ Rug pulls and pump & dump schemes: Projects that inflate their value and disappear with the money.
⚠️ Phishing and wallet draining: Malicious sites and apps designed to steal keys and crypto assets.
⚠️ Malware on Telegram or direct messages: Disguised applications and bots that install spyware or extract sensitive data.
The best defense remains knowledge and teamwork. Share this information with your community and stay vigilant.
#CriptoEstafasAumen #CriptoSeguridad #BinanceSquare #CriptoEducación #DeFi #phishing #RugPull
The crypto community facing scams: how to recognize, prevent, and act.
The rise in cryptocurrency prices has brought with it a concerning increase in increasingly elaborate frauds, threatening the credibility of the crypto environment and opening the door to greater regulatory controls.
How can the crypto ecosystem respond?
🔹 Continuous education: It is vital to share information about frauds such as rug pulls, phishing, misleading giveaways, and emotional scams. Workshops, educational threads, and open resources can make a difference.
🔹 Real transparency: Encourage projects to present clear documentation, verifiable teams, and publicly available audits.
🔹 Joint action: Platforms, wallets, and users must work together by sharing lists of scammers and reporting suspicious activities.
🔹 Analytical tools: Promote the use of services like Token Sniffer or DEXTools to evaluate contracts and tokens before investing.
🔹 Active support for victims: Create spaces where users can report scams and share alerts to prevent others from falling victim.
Main crypto scams in 2025
⚠️ Deepfakes: Manipulated videos or audios where supposed celebrities promote false investments.
⚠️ Pig Butchering: Emotional scams that build false relationships to later steal funds.
⚠️ Rug pulls and pump & dump schemes: Projects that inflate their value and disappear with the money.
⚠️ Phishing and wallet draining: Malicious sites and apps designed to steal keys and crypto assets.
⚠️ Malware on Telegram or direct messages: Disguised applications and bots that install spyware or extract sensitive data.
The best defense remains knowledge and teamwork. Share this information with your community and stay vigilant.
#CriptoEstafasAumen #CriptoSeguridad #BinanceSquare #CriptoEducación #DeFi #phishing #RugPull
🚨 DOGE Rug Pull Shocks Crypto! 😱
A "$DOGE Dogecoin 2.0" token just pulled a classic rug on investors! 💸 Over $1M in liquidity vanished as devs dumped everything and disappeared. It used Dogecoin’s name to build hype—but turned out to be a trap! 🐶⚠️
🔥 Reminder: The real $DOGE DOGE is safe, but always double-check before buying any copycat meme coins! 🚫 $DOGE
♣️BUY MAXIMUM. I ALSO BUY.ONLY BUY REAL BECAUSE REAL RUGPULL IS NEAR.
#CryptoNewss #Doge🚀🚀🚀 #Rugpull #BinanceSquareTalks #StaySafe
A "$DOGE Dogecoin 2.0" token just pulled a classic rug on investors! 💸 Over $1M in liquidity vanished as devs dumped everything and disappeared. It used Dogecoin’s name to build hype—but turned out to be a trap! 🐶⚠️
🔥 Reminder: The real $DOGE DOGE is safe, but always double-check before buying any copycat meme coins! 🚫 $DOGE
♣️BUY MAXIMUM. I ALSO BUY.ONLY BUY REAL BECAUSE REAL RUGPULL IS NEAR.
#CryptoNewss #Doge🚀🚀🚀 #Rugpull #BinanceSquareTalks #StaySafe
🚨 JUST IN: Logan Paul Blames His Partners for CryptoZoo Rug Pull! 🎭💥
Logan Paul is now pointing fingers at his co-founders in a lawsuit over the failed CryptoZoo NFT project — calling them the real scammers behind the rug pull.
Investors claim millions were lost after promises of a play-to-earn game never materialized. 💸🐾
> Logan: “I was misled too.”
🔍 Key Points: – Class action lawsuit active in Texas
– Paul countersues Eduardo "Eddie" Ibanez & Jake “CryptoKing”
– Over 20,000 investors affected
– Major hit to trust in influencer-backed crypto projects
---
💬 Can Logan Paul shift the blame? Or is he just protecting his brand?
👇 Drop your thoughts below.
#LoganPaul #CryptoZoo #RugPull #NFTScam #Web3Drama
Logan Paul is now pointing fingers at his co-founders in a lawsuit over the failed CryptoZoo NFT project — calling them the real scammers behind the rug pull.
Investors claim millions were lost after promises of a play-to-earn game never materialized. 💸🐾
> Logan: “I was misled too.”
🔍 Key Points: – Class action lawsuit active in Texas
– Paul countersues Eduardo "Eddie" Ibanez & Jake “CryptoKing”
– Over 20,000 investors affected
– Major hit to trust in influencer-backed crypto projects
---
💬 Can Logan Paul shift the blame? Or is he just protecting his brand?
👇 Drop your thoughts below.
#LoganPaul #CryptoZoo #RugPull #NFTScam #Web3Drama
💰 Rug Pull = Modern Day Money Heist! 🚨
In the crypto world, when smart money or dealers dump small-cap tokens after hyping them —
That’s not just a scam...
It’s a full-blown money heist from retailers!
🔻 What happens:
1. They pump low-cap coins with fake hype
2. Retailers buy the top
3. Whales silently exit = price crashes 80–90%
4. You’re left holding the bag 💼💔
🎯 Lesson:
Always check tokenomics, volume, and wallet activity before entering.
Don’t fall for every green candle — many are traps.
Protect your funds. Crypto is freedom, not robbery.
#Cryptoscam #Rugpull #MoneyHeist #SmartMoneyTracking #RiskManagement
In the crypto world, when smart money or dealers dump small-cap tokens after hyping them —
That’s not just a scam...
It’s a full-blown money heist from retailers!
🔻 What happens:
1. They pump low-cap coins with fake hype
2. Retailers buy the top
3. Whales silently exit = price crashes 80–90%
4. You’re left holding the bag 💼💔
🎯 Lesson:
Always check tokenomics, volume, and wallet activity before entering.
Don’t fall for every green candle — many are traps.
Protect your funds. Crypto is freedom, not robbery.
#Cryptoscam #Rugpull #MoneyHeist #SmartMoneyTracking #RiskManagement
#CryptoScamSurge
🔍 What Every Trader Needs to Know 🔍
Crypto scams are evolving fast — and 2025 is seeing a massive surge in new, more dangerous tactics.
Here’s what’s trending in the dark world of scams right now:
⚠️ 1. Fake Airdrops & Staking Sites
Scammers are cloning real project pages, offering fake airdrops & staking rewards. One wrong click and your wallet’s drained.
⚠️ 2. Deepfake Influencers & CEOs
AI is being used to create ultra-realistic videos of top founders (like CZ, Vitalik, and even Elon) promoting fake token launches.
⚠️ 3. DM Scams on Telegram, Discord & X
If someone “official” slides into your DMs with a secret opportunity… RUN. Real projects don’t operate like that.
⚠️ 4. Fake Trading Bots & Signal Groups
They promise “guaranteed 10x signals” and “automated profits.” Reality? They just siphon your funds or front-run your trades.
🚫 How to protect yourself: ✅ Double-check URLs (scammers use lookalike domains like binarnce[.]com)
✅ Use hardware wallets
✅ Never share your seed phrase — with anyone
✅ Follow updates ONLY from verified channels
✅ Educate your friends — they might be next
📉 Billions are lost each year to scams — don’t be the next victim.
📢 Be smart. Stay alert. Share this.
#CryptoSecurity #ScamAlert #Web3Fraud #DYOR #Phishing #RugPull
🔍 What Every Trader Needs to Know 🔍
Crypto scams are evolving fast — and 2025 is seeing a massive surge in new, more dangerous tactics.
Here’s what’s trending in the dark world of scams right now:
⚠️ 1. Fake Airdrops & Staking Sites
Scammers are cloning real project pages, offering fake airdrops & staking rewards. One wrong click and your wallet’s drained.
⚠️ 2. Deepfake Influencers & CEOs
AI is being used to create ultra-realistic videos of top founders (like CZ, Vitalik, and even Elon) promoting fake token launches.
⚠️ 3. DM Scams on Telegram, Discord & X
If someone “official” slides into your DMs with a secret opportunity… RUN. Real projects don’t operate like that.
⚠️ 4. Fake Trading Bots & Signal Groups
They promise “guaranteed 10x signals” and “automated profits.” Reality? They just siphon your funds or front-run your trades.
🚫 How to protect yourself: ✅ Double-check URLs (scammers use lookalike domains like binarnce[.]com)
✅ Use hardware wallets
✅ Never share your seed phrase — with anyone
✅ Follow updates ONLY from verified channels
✅ Educate your friends — they might be next
📉 Billions are lost each year to scams — don’t be the next victim.
📢 Be smart. Stay alert. Share this.
#CryptoSecurity #ScamAlert #Web3Fraud #DYOR #Phishing #RugPull
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🚨 THE MOST CLASSIC SCAM IN THE CRYPTO WORLD THAT STILL VICTIMIZES PEOPLE EVERY DAY! 😱💸
You may be smart… but would you resist an "easy profit" promised by a trustworthy profile on Instagram or Telegram? 🤔💰
The most classic scam in the crypto universe is the "guaranteed double return" — and yes, it still catches many people! 😓
It works like this: a scammer pretends to be a celebrity or famous trader 👨💼, shows "screenshots of earnings" 📈, and promises to multiply your money in a few hours if you transfer your crypto funds. The bait? Quick, effortless profit. ⚠️
The most classic scam in the crypto universe is the "guaranteed double return" — and yes, it still catches many people! 😓
It works like this: a scammer pretends to be a celebrity or famous trader 👨💼, shows "screenshots of earnings" 📈, and promises to multiply your money in a few hours if you transfer your crypto funds. The bait? Quick, effortless profit. ⚠️
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🚨 Are you about to fall for a crypto scam? Here’s how to identify a fraudulent coin
In the world of cryptocurrencies, opportunities are real — but scams are too. Many projects emerge with promises of quick wealth, but disappear leaving investors at a loss. Therefore, knowing how to identify a fraudulent crypto can save your money and your peace.
Here are the main warning signs:
---
1. Promise of guaranteed profits
Be wary of any project that promises fixed, quick, or "risk-free" returns. Serious cryptocurrencies never guarantee profits — the market is volatile by nature.
Here are the main warning signs:
---
1. Promise of guaranteed profits
Be wary of any project that promises fixed, quick, or "risk-free" returns. Serious cryptocurrencies never guarantee profits — the market is volatile by nature.
top looser
rugpull market
$OM
$HARD
$PROS
#USElectronicsTariffs #SaylorBTCPurchase #BTCRebound #Rugpull #VoteToListOnBinance
rugpull market
$OM
$HARD
$PROS
#USElectronicsTariffs #SaylorBTCPurchase #BTCRebound #Rugpull #VoteToListOnBinance
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US-based Bitcoin ETFs recorded a record $10 billion in trading on March 5, surpassing last week's record of $7.7 billion. These funds include BlackRock's iShares #BitcoinETF💰💰💰 (IBIT), Grayscale Bitcoin Trust (GBTC), and Fidelity Wise's Origin Bitcoin Fund (FBTC). IBIT has the largest volume reaching $3.7 billion. Although Bitcoin reached an all-time high price of $69,200 on March 5, it has since dropped about 12% to a low of $60,860. However, a partial recovery took the price to $63,350. Bitcoin ETFs have also recorded similar price declines, down around 8.6% on the day. Analysts emphasized that the sudden price swings are part of a "monthly ritual in a bull market" and criticized newcomers using Bitcoin through ETFs.
#rugpull
#Write2Earn
#rugpull
#Write2Earn
“5 Ways to Avoid Rug Pulls in Crypto Projects”
Post Body:
Want to avoid being rugged? Use this checklist before investing:
1. Check the team: Doxxed or anonymous? Be cautious.
2. Smart contract audit: If there’s no audit, skip it.
3. Unrealistic APYs: 10,000%? It’s probably a scam.
4. Tokenomics: Are the team wallets locked or can they dump on you?
5. Community: If it’s full of hype and no real discussion—run.
Stay sharp. DeFi is full of opportunity—but also traps.
Hashtags:
#CryptoPatience #Rugpull #DeFiSeason u#CryptoNigeria
Post Body:
Want to avoid being rugged? Use this checklist before investing:
1. Check the team: Doxxed or anonymous? Be cautious.
2. Smart contract audit: If there’s no audit, skip it.
3. Unrealistic APYs: 10,000%? It’s probably a scam.
4. Tokenomics: Are the team wallets locked or can they dump on you?
5. Community: If it’s full of hype and no real discussion—run.
Stay sharp. DeFi is full of opportunity—but also traps.
Hashtags:
#CryptoPatience #Rugpull #DeFiSeason u#CryptoNigeria
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#**🚀🐸 Pepe Cryptocurrency (PEPE): A Rollercoaster of Emotions 📉💸**
The Pepe cryptocurrency (PEPE) is a digital currency based on a meme of a green frog that was launched in April 2023. It had an impressive increase in value of more than 50 thousand times in less than a month, reaching a value of US$0, 00000990 and reaching a market capitalization of more than US$1 billion¹.
However, Pepe also had a sharp drop in recent days, losing more than 40% of its value and returning to below US$1 billion². There are some possible reasons for this devaluation, such as:
- A profit-taking movement by large investors, who sold a large amount of tokens and pocketed the profit alone, leaving other investors with worthless coins¹². This type of fraud is known as "rug pull" in crypto circles¹.
- A lack of transparency and credibility from Pepe's creators, who are anonymous and do not have a clear plan for the currency's usefulness or development¹. Furthermore, there was a suspicion that they were preparing a leak with the funds raised, after they changed the subscription parameters in a project wallet and transferred tokens to exchanges³.
- A loss of interest and support from the crypto community, which saw Pepe as a currency with no intrinsic value and no potential for financial return¹. Many investors preferred to bet on other more consolidated or more useful cryptocurrencies, such as Bitcoin (BTC) or Ethereum (ETH).
Therefore, Pepe is a high-risk, high-volatility cryptocurrency, which may have been an opportunity for quick gain for some, but also a source of loss and disappointment for others. It is important to be careful and do good research before investing in any digital asset, especially those based on memes.
#criptomoedas #Pepe 4864996421#AltoRisco#investimento
The Pepe cryptocurrency (PEPE) is a digital currency based on a meme of a green frog that was launched in April 2023. It had an impressive increase in value of more than 50 thousand times in less than a month, reaching a value of US$0, 00000990 and reaching a market capitalization of more than US$1 billion¹.
However, Pepe also had a sharp drop in recent days, losing more than 40% of its value and returning to below US$1 billion². There are some possible reasons for this devaluation, such as:
- A profit-taking movement by large investors, who sold a large amount of tokens and pocketed the profit alone, leaving other investors with worthless coins¹². This type of fraud is known as "rug pull" in crypto circles¹.
- A lack of transparency and credibility from Pepe's creators, who are anonymous and do not have a clear plan for the currency's usefulness or development¹. Furthermore, there was a suspicion that they were preparing a leak with the funds raised, after they changed the subscription parameters in a project wallet and transferred tokens to exchanges³.
- A loss of interest and support from the crypto community, which saw Pepe as a currency with no intrinsic value and no potential for financial return¹. Many investors preferred to bet on other more consolidated or more useful cryptocurrencies, such as Bitcoin (BTC) or Ethereum (ETH).
Therefore, Pepe is a high-risk, high-volatility cryptocurrency, which may have been an opportunity for quick gain for some, but also a source of loss and disappointment for others. It is important to be careful and do good research before investing in any digital asset, especially those based on memes.
#criptomoedas #Pepe 4864996421#AltoRisco#investimento
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