Beware of Trump-Themed Coins! Scammers Are on the Prowl!

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Mark Twain here, and I’ve got a whopper of a tale for you! It seems that the recent launch of the TRUMP memecoin has sparked quite the gold rush… or should I say, a “scam rush”?

Trump-Themed Scams: A New Crypto Frontier?

Yes, you heard it right! After the TRUMP memecoin launch, there’s been a 206% increase in malicious tokens and dApps using the Trump name. And I thought, “Well, I’ll be a monkey’s uncle!”

These scammers are clever, I’ll give ’em that. They’re using misleading branding to lure in unsuspecting investors, just like a bear trap snaps shut on an unwary hiker. And the number of Trump-inspired tokens? Through the roof!

Take a gander at this chart here. It shows that since late December, there’s been a steady stream of Trump-themed tokens, but on launch day, the number skyrocketed to over 6,800! That’s enough to make a body’s head spin.

And it ain’t just tokens, neither. Fake dApps using President Trump’s name have seen a 14x increase, and they’re tricking users into connecting their wallets, allowing scammers to drain funds. It’s like a wild west show over there!

The Trump Memecoin Frenzy: A Cautionary Tale

Now, I’m all for a good memecoin as much as the next fella, but this here Trump memecoin frenzy has got folks creating all sorts of Trump-related tokens. And not just the President, mind you—Melania and Barron have their own memecoins, too!

But here’s the kicker: when Melania announced her official memecoin, the market took a 6% correction, and Bitcoin dropped below $100,000! I reckon that’s enough to give any crypto investor a case of the vapors.

So, heed my warning, friends: watch your step in this wild world of Trump-themed coins. As the great Will Rogers once said, “Buy land, they ain’t making any more of the stuff.” But I reckon he never thought they’d start making memecoins by the truckload!

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2025-01-21 18:23