Scam Alert

Baby Musk Coin Price Drops 100% Following Its Rug Pull Scam

Baby Musk Coin has lost nearly all of its value as a result of a rug pull. The token raised $2 million in its initial coin offering and vowed to revolutionize meme coins.

The Baby Musk Coin, named after Elon Musk, looks to be on the cusp of a collapse, with its value has dropped by about 100%. Deployer wallet is the wallet that created/deployed the contract of the token. In this case, that wallet owns 50% of the tokens. If they decide to sell it they will empty liquidity, even if it’s locked. Investors lose everything.

Baby Musk Coin Price Drops 100% Following Its Rug Pull Scam 3

The project raised about $2 million during its initial coin offering (ICO) in early February 2022. The initiative’s developers went to considerable measures to make the token look legitimate, saying that their goal was to “revolutionize the meme industry.” The Baby Musk Coin website, which is no longer active, included a roadmap describing the project’s future goals.

When the coin was released, its price surged, and the apparent CEO, Grant Liu, declared that it was “just the beginning.” The idea includes features such as an index fund and a “Baby Musk Swap.”

Baby Musk Coin Price Drops 100% Following Its Rug Pull Scam 4

This is the latest in a series of heists that have lately hit the cryptocurrency market. From Squid Coin, based on the famous TV show Squid Game, to fraudulent Banksy NFTs, scammers have utilized popular culture to prey on unsuspecting victims.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

Victor

Recent Posts

Bitcoin Spot ETF Inflows Hit $510M, Marking Six-Day Streak

Bitcoin Spot ETF Inflows have reached $510 million as of November 13, marking six consecutive…

5 hours ago

Solana DEX Trading Volume Hits $5B Daily for Three Straight Days

Solana DEX trading volume reached historic highs, exceeding $5 billion daily for three days. Raydium…

7 hours ago

Phantom iOS Users Lost Recovery Phrase After Updating to New Version

Phantom iOS users are warned that a recent app update caused some users to log…

7 hours ago

Japanese Crypto Exchange Coincheck Gets Approval to Launch in the US

Japanese crypto exchange Coincheck is set to become the first Japanese crypto exchange to list…

8 hours ago

DOJ Investigates Polymarket for Alleged Illegal US User Bets

The US DOJ investigates Polymarket for Alleged Illegal US User Bets Polymarket, for allegedly permitting…

9 hours ago

Get Ready for a New Level of Excitement If You Missed Ethereum ICO: Qubetics Could Redefine Success

Ethereum’s ICO was priced at around $0.30 per token, and today, it’s valued in the…

9 hours ago

This website uses cookies.