New York Smog Prompts Crypto Scammers to Pump & Dump SMOKE Coin
10. Juni 2023- New York Smoke (SMOKE) Pumped and Dumped – SMOKE pumped over 2,300% and dumped hours later. The project was an obvious rug pull.
- Social Media Presence – New York Smoke also made splashes on Twitter and Telegram with calls of the “next big meme.”
- Scammers Don’t Rest – In a world where US regulators crack down on crypto, scammers don’t rest. People should do research before giving their money to anonymous entities.
New York Smog Prompts a New Scam Coin — “Pump and Dump” Worked?
Images of New York choking in smoke sparked headlines as residents struggle with wildfires in Canada. This prompted crypto scammers to create a new bait-coin, SMOKE, which rallied 2,300% in an hour. However, shortly afterward all momentum was lost and the token returned to its original price. Trading volumes dropped significantly as most bets were to sell SMOKE.
Social Media Presence
SMOKE gained attention from social media platforms such as Twitter and Telegram due to “shillers” telling followers that they were “bullish on SMOKE”. After dumping, messages emerged saying that it was just another rug pull but unfortunately it came too late for many investors who had already lost money.
Research Before Investing
With no information available about the creators or any open source material such as a website or whitepaper associated with SMOKE, this serves as a reminder for potential investors to do research before giving money to anonymous entities which are promising high returns.