Yoda coin’s sudden collapse: how investors lost over $129K in Ethereum to a rug pull scam
As revealed by crypto research firm PeckShieldAlert, the YODA coin lag lost 100% of its value on May 5th.
project Removed According to PeckShieldAlert, scammers have already transferred 68 Ethereum (ETH). Tweet.
Ragpull
Avid cryptocurrency collector @borovik.eth was one of the first to catch on. He tweeted a screenshot of Yodacoin’s official account, which is inaccessible.
Crypto Twitter later provided additional information about the suspended address in a comment. Detective on Chains ZachXBT share The YodaCoin team also disabled nine bot accounts with gold checkmarks.
PeckShieldAlert monitors fraudster wallets movement And I discovered that I moved over 68 ETH to FixedFloat exchanges. This amount equates to over $129,000 in ETH for him at the time of writing.
mime coin season
While the crypto community’s views on memecoins vary, recent data reveals that memecoins are actually quite resilient.a crypto slate According to an April insight, memecoins said:
“We continue to meet expectations by succeeding in bear markets, outperforming other cryptocurrencies, expanding their utility, and attracting retail investors and new entrants to the crypto space.”
Popular memecoins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have proven to be quite profitable in the past. While its volatility has become mainstream, other memecoins have recently taken investors by surprise.
Most recently, memecoin PEPE (PEPE) caught the attention of the cryptocurrency community on May 1 when it soared above 90% in less than 24 hours. At the time of writing, PEPE continues to surge. Tokens recorded a 59.38% increase in the last 24 hours and an increase of almost 700% in the last 7 days.
A few days later, ChatGPT-created Turbo memecoin surpassed $30 million in market cap within a week of its launch. Several cryptocurrency exchanges also list Turbo tokens as tradable assets.
according to crypto slate According to data, the memecoin market dominates the sector at 1.49%, with a market capitalization of over $17 billion. His 24 hour volume in this sector is over $1.49 billion.
The Sudden Collapse of the Post-Yoda Coin: How Investors Lost Over $129,000 in Ethereum to a Lag-Pull Scam first appeared on CryptoSlate.
