$1.2M Scam In Solana Meme Coin As you know, nowadays Solana meme coins are on fire; I mean, they’re trending everywhere. But it’s risky to invest a big amount of money in Solana meme coins.
On May 5, 2024, a Solana meme coin was created by the name of C.R.E.A.M. The owner added 100B coins, and after, he started promoting the coins.
$1.2M Scam In Solana Meme Coin
The trading of this Solana coin started at the price of $0.0099, and after some hours, this price rose to $0.0146. As you can see in the image below, a lot of crypto lovers bought this token in the hope of profit. But?
When this Solana meme coin reached $0.015, in a second, this coin dumped to $0.000000000145. Lots of people lost their money, not in days but in just 3 to 5 hours.
The owner of the C.R.E.A.M coin dumped the coin. He took out the money of $1.2M in just one day. As you can see in the image, he added $985,773 / 99.99M C.R.E.A.M coins, and then after 3 hours, he took $1.2M.
Dear crypto lovers, please be careful from this type of scam. I know we can’t verify any meme coin 100% that they will do a scam or not, but at least you can verify any coin 50% that this will scam or not. So before investing in a meme coin, please do proper research. Or you can read my post about how to identify fake coins.
