Apr 30, 08:22 AM

Solana Scam Tokens Hit $300T Cap, Freeze Sales, Stranding Holders

A series of Solana-based tokens, including BONKKILLER and others, have been identified as scams, with developers manipulating market caps by freezing token sales and preventing holders from selling. The market caps reported range from $13 billion to over $300 trillion, with some tokens claiming market caps larger than the global GDP. These actions have left holders with massive unrealized gains and no ability to sell, effectively stranding them with worthless assets. Additionally, a sniper/insider dumped over 551M $COOL, making more than 11.8K $SOL ($1.68M) in just 1 hour. Tools like Rugcheckxyz and birdeye_so are recommended for due diligence to avoid such scams. Furthermore, liquidity worth over 3,000 $SOL was withdrawn after freezing token sales.

#Solana #Rugcheckxyz

Written with ChatGPT (GPT-4).

Sources

DEGEN NEWS@DegenerateNews
2 years ago
NEW: SEVERAL @solana-BASED SCAM TOKENS ARE USING A TOKEN2022 ELEMENT TO PREVENT HOLDERS FROM SELLING THEIR TOKENS - TRADERS CAN USE TOOLS SUCH AS @Rugcheckxyz AND @birdeye_so FOR DUE DILIGENCE https://t.co/PcPS3SMTUq
DEGEN NEWS@DegenerateNews
2 years ago
NEW: @solana-BASED SCAM TOKEN (HONEY POT) HASN'T SEEN A TRANSACTION IN OVER 2 HOURS - DEV HAS LEFT CURRENT HOLDERS STRANDED WITH UNREALIZED GAINS AND UNABLE TO SELL THEIR FROZEN TOKENS - MAJORITY OF THE LIQUIDITY HAS BEEN PULLED https://t.co/2OLcCofInD
SolanaFloor@SolanaFloor
2 years ago
🚨 SCAM ALERT: Another @solana memecoin ($EPEP), a scam and honeypot, has surpassed a $13 billion market cap. The creator has frozen token sales - Be Aware. https://t.co/URlsW0SnYf

Solana Scam Tokens Hit $300T Cap, Freeze Sales, Stranding Holders

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