Elon Musk has recently published a picture on his Twitter where a Shiba Inu dog is wearing a t-shirt with the Twitter logo. Following the publication of this tweet, many fraudulent tokens have been launched on the Ethereum and Binance Smart China (BSC) networks, which contain the names of Twitter and Dogecoin.
To Report Kevin Desc, Elon Musk, who recently completed the purchase of Twitter and took over the social network, tweeted this morning with a picture of his Shiba Inu dog wearing a T-shirt with the Twitter logo. In this picture, you can also see a special Halloween pumpkin with the Twitter logo engraved on it.
Now the blockchain security company PeckShield has announced that 67 of the tokens that were released after this tweet with a name containing Twitter and Dogecoin (such as BabyDogeTwitter and SpaceTwitterDoge) on various blockchain networks, just a few hours after the release of more than They have lost 90% of their value, of which 45 have faced a 100% fall. In total, this flow has caused the loss of several thousand dollars to investors who did not know or bought these fraudulent tokens out of opportunism.
According to Packshield, 42 of these tokens were honeypot scams; That is, these tokens are able to change the permissions related to their holders’ wallets, and their ultimate goal is to deposit the tokens in the victim’s wallet to the account under the control of the fraudster.
Apart from these scams, Elon Musk’s new tweet also increased the price of Dogecoin, and this digital currency has experienced a 27% jump in the last 24 hours. Dogelon Mars token has also increased in price by 21% in the last 24 hours, and Shiba Ino has also experienced an 8% growth in this period of time.
These unusual jumps have occurred in a situation where the market in general does not experience any particular fluctuation, while Bitcoin and Ethereum have lost about 1% of their value in the last 24 hours.
Elon Musk is one of the richest people in the world and the biggest supporter of Dogecoin, and therefore his reactions to this coin meme have a very noticeable effect on the sentiments of investors and its price.
Since the finalization of the purchase of Twitter by Elon Musk, Dogecoin has been growing steadily and its price has increased by nearly 160% in the last seven days.