Crypto Copycat Chaos
The Scam Token Stealing Your Trust (and Your Cash)!
A new scam token has emerged, mimicking a verified token's symbol, which is a classic red flag for fraud. It further shows signs of deceit with high holder correlation, top users holding similar supply amounts, and an unusually low number of liquidity providers.
Adding to the sketchiness, the Twitter account linked to this copycat token is over a decade old but has been completely purged and repurposed to promote this scam. The chart for this token doesn't look natural at all; it's just green wick after green wick with no selling in a very short period of time, which is a telltale sign of a scam. In typical fashion, the scammers are capitalizing on what's trending, in this case, leveraging the recent buzz around President Trump to draw in unsuspecting investors.
This move not only raises eyebrows about the token's legitimacy but also serves as a stark reminder to always check the history of social media accounts and analyze market behavior before trusting them in the crypto space. Stay vigilant, because in the world of cryptocurrency, not everything shiny is gold.
SCAM Contract address can be found @ 2thhDDaaJdrvNNET7kmaFpqU4xuR7UCYZzpG8U5eLKmw