According to Onchain Lens monitoring, a fake BARRON Token reached a market capitalization of about 72 million US dollars shortly after it went online on January 21st, with one insider Wallet making a profit of over 1 million US dollars. The Wallet purchased approximately 136 million BARRON at a price of 4.43 SOL (about 1048 US dollars) and then sold them at a price of 4456 SOL (worth about 1.05 million US dollars). Monitoring shows that the fake Token involved multiple insider Wallets, causing most Large Investors’ addresses to suffer losses.
It is reported that around 15:10 today, a verified fake account @TrumpwBarron posted the Meme Coin Address, and the account has been frozen at present.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
