Golden ChipMunk
Well-Known Member
https://www.reddit.com/r/solana/comments/1blp455/solana_scammers_rugging_around_50_mil_a_day_by/
https://www.ctol.digital/news/bonkkiller-meme-coin-scam-rocks-market/
BONKKILLER, a Solana-based meme coin, has deceptively boasted a market cap of $327 trillion, surpassing global GDP and even Bitcoin's market cap. The creator exercises control over more than 90% of the tokens, with a "freeze authority" mechanism inhibiting holders from selling, perpetuating the honeypot scam
https://www.ctol.digital/news/bonkkiller-meme-coin-scam-rocks-market/
BONKKILLER, a Solana-based meme coin, has deceptively boasted a market cap of $327 trillion, surpassing global GDP and even Bitcoin's market cap. The creator exercises control over more than 90% of the tokens, with a "freeze authority" mechanism inhibiting holders from selling, perpetuating the honeypot scam
- Similar ventures within the Solana-based meme coin space have resulted in losses amounting to $26.7 million, exhibiting analogous abandonment trends.
- Research conducted by Blockaid indicates that approximately 50% of Solana presale tokens from November '23 to February '24 were connected to scams, aligning with the surge in popularity of meme coins.