Wolfi, the most bullish token yesterday, has been exposed as a scam project by Peckshield.
PeckShieldAlert has stated that Wolfi is a honeypot crypto scam. “Only whitelisted users can sell,” they wrote.
The project’s token was bullish on February 20, went from $0.0000001 to 0.0000004 in just a few hours.
The project team claimed the Wolfi’s goal is to be “a decentralized community-driven meme project with a true purpose. WOLFI aims to be the most known and most used cryptocurrency in the world. WOLFI’s mission is to bring popular cryptocurrency concepts to the mainstream. Unlike older, comparable projects, WOLFI introduces holders to next-gen concepts such as participation rewards, NFTs, decentralized exchanges, and more.”
After the exposed, the Wolfi team hasn’t given any explanation yet.
In the first two months of 2022, there were numerous scams involving memecoin, Defi and NFTs. Therefore, before making any investment decisions, crypto investors must be alert and thoroughly understand the project.
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.
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Hazel
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