ZachXBT, a great investigator in the cryptocurrencycurrency world, discovered a lot of misleading material hidden within the domain of Solana meme coins. ZachXBT’s detailed investigation reveals a murky underbelly of fraud with the meteoric ascent of these strange digital commodities.
There have been 27 presale scams found, stealing 655,000 Solana tokens valued more than $122.5 million from unsuspecting investors. These cunning fraud artists take advantage of the Solana meme currency fever and employ a nasty wallet-draining technique.
One particularly daring scammer made approximately $2.6 million in a single day while impersonating a well-known personality in the cryptocurrencycurrency sector. Victims have lost fortunes as a result of the terrible impact, including one impoverished person who lost $1.2 million after falling for a bogus presale website.
The cryptocurrency community is a flurry of activity, worrying about how these scams may damage the bigger DeFi ecosystem. “All of these raises were in a relatively short period of time, too, so there’s no way SEC just sits back and allows it to continue,” observed pundit Pennski quite well.
