📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

24 Scam Meme Tokens Created and Launched – Beware: Report

Published 2023-05-23, 11:30 a/m
© Reuters.  24 Scam Meme Tokens Created and Launched – Beware: Report
USD/CAD
-

U.Today - According to a recent tweet by the company that works in the sphere of DLT security, there has been a series of rugpulls with the launch of approximately 24 scam meme crypto tokens involved. These were created over the past 10 days.

Beware of new scam meme crypto

Among these scam tokens are USACOIN, MONKEYS, ERDR, Magneto, STARK, TINDER and POPCAP. Two of the meme coins mentioned in the tweet include FROGS and LADYBOY; these seem to jibe with popular meme coins Pepe (PEPE) and Milady Meme Coin (LADYS), which have seen a great surge in popularity over the past month.

Scam token SEI, according to the PeckShield tweet, was created several hours ago, and it has just had its liquidity removed.

The scammers who made it funded 5.19 ETH from the OKX exchange in order to pump the price of their brainchild and lure traders in. Later on, they drained the liquidity pool.

The PeckShield team also named the most recently made scam token BEREAL; "do not fall prey to it," they warned the crypto Twitter community.

About 10 days ago, PeckShield issued a warning, when about 10 meme coins were created by scammers within three days. Scam token BOBO was also created within a few hours, and its liquidity was removed quickly after investors made big purchases of it, losing their money to scammers.

PEPE, LADYS see major new listings

As reported by U.Today, recently, the above meme coins PEPE and on major cryptocurrency exchanges KuCoin and Bitfinex. The latter added support for PEPE. The popular coin is based, unlike the previous generations of meme coins, on the Pepe the Frog Internet meme, and it will be traded against USD and .

At the time of this writing, PEPE is changing hands at $0.000001593 after a marginal rise, according to CoinMarketCap.

LADYS has been listed by KuCoin (trading against USDT), and this triggered a major sell-off of this coin. Currently, LADYS price is down nearly 14%, losing momentum over the past 24 hours. The coin is trading at $0.00000004787, per CoinMarketCap data.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.