PANews reported on January 21 that according to Onchain Lens’s monitoring, a fake $BARRONToken quickly reached $72 million in Market Cap, and one of the internal accounts made a profit of more than $1 million by buying low and selling high. The account bought 136.35 million $BARRONToken for 4.43 $SOL (about $1,048), and then dumped it for 4,456 $SOL (about $1.05 million). In addition, there are multiple internal accounts involved. However, most of the major players or “Whales” suffered losses in this eyewash.
Earlier news, the fake Barron TrumpTokenMarket Cap had reached 72.78 million US dollars before plummeting by 99%, and the related X account has been frozen.
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