Scam coins reign supreme amidst the wave of meme token mania led by PEPE token. PeckShield has detected 24 scam-oriented meme tokens in 10 rug pull series.
Scammers seem to have taken advantage of the token meme mania to create and liquidate their fake tokens and take millions of dollars of investors' money. According to PeckShieldAlert research, there has been a huge increase in the occurrence of rug pull memes in the last 10 days.
PeckShield lists 24 fake meme tokens, including BENS, PSYOP, FOG, TINDER and WorldCoin whose liquidity has been withdrawn in the past 10 days. All of these tokens emerged from the ongoing meme token mania as the term trended on social media for some reason. The SEI token, which was created earlier today, has already been stripped of its liquidity.
PeckShield reported that the SEI token fraudster initially financed 5.19 $ETH from the OKX exchange, pushed the price of the token to lure investors and then drained its liquidity.
Fake token issuers made over $200,000 in profits from a rug pull related to Bitcoin Pizza Day's 13th anniversary event. About 14 pizza-related meme tokens were released the day before Bitcoin Pizza Day and most of them were scams based on dextool. PeckShield further warns not to be swayed by the latest tokens too quickly.
