2024

Solana

Bitcoin

Bonk

<div class="finbold">
 <p class="paragraph">Crypto bull markets have always had several key, linking <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> and the one prevalent through much of 2024 – despite a few hiccups – has been no different.&nbsp;</p>
 <p class="paragraph">For example, Bitcoin (BTC) already reached a new all-time high price near $73,000 earlier in March – and is likely headed for even higher highs as the long-awaited halving event approaches.&nbsp;</p>
 <p class="paragraph">Meme coins have also experienced a resurgence with many of the old ones like Pepecoin (PEPE) and Floki Inu (FLOKI) riding close to their peaks.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Peter Schiff urges to sell Bitcoin and buy gold via his website <span class="self-center text-xs text-slate-500">14 seconds ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Legal expert accuses the SEC of ‘making sh*t up as they go’ <span class="self-center text-xs text-slate-500">56 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Trading expert projects a major Bitcoin pullback to this level post-halving <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Analyst who predicted dot-com bubble warns of AI crashing stock market <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Projects in the Solana (SOL) ecosystem have been doing particularly well with Bonk (BONK) hitting a new high in March and newcomers like Dogwifhat (WIF) generating rapid rags-to-riches stories.</p>
 <p class="paragraph">Unfortunately, another mainstay of cryptocurrency rallies is also back big time – rug pulls.</p>
 <p class="paragraph">The most recent example came on April 3 when the team behind a new meme coin – CondomSol – apparently took off with approximately 5,000 SOL tokens worth about $1 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>.</p>
 <p class="paragraph">The team allegedly disappeared and wiped its account on X shortly before the meme coin was due for launch.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">BREAKING: Solana memecoin $CONDOM (@condomsol) raised 4,965 $SOL worth $906K in the presale and rugged before launch. pic.twitter.com/rzOAZKopDh</p>— Whale Insider (@WhaleInsider) April 3, 2024
   </blockquote>
  </div>
 </figure>
 <h2 class="wp-block-heading" id="h-scams-on-the-rise-across-the-board">Scams on the rise across the board</h2>
 <p class="paragraph">As recessionary fears subsided, and the cost-of-living crisis deepened with rising inflation and evaporating pandemic stimulus checks, the number of scams – and funds lost to scams – experienced a massive surge.</p>
 <p class="paragraph">A 2023 report published by Lloyds Banking Group (LON: LLOY) warned that there has been a 23% rise in the number of victims throughout the year with younger people being, apparently, particularly vulnerable to the modern fraudster.</p>
 <p class="paragraph">The warning also highlighted the prevalence of romance scams – especially of the ‘pig butchering’ variety – and a more recent study made by the cryptocurrency exchange Binance corroborated the report.</p>
 <p class="paragraph">According to Binance, romance scams account for approximately 2% of all reported incidents with the average amount of money lost by the victim running as high as $14,000.</p>
 <p class="paragraph">AI and deepfake-assisted fraud has also become increasingly popular with criminals posing as journalists in the hopes of drawing sensitive information from unsuspecting people or even creating fake videos of Brad Garlinghouse, the CEO of Ripple Labs, to market their scheme.</p>
 <p class="paragraph">There have, however, also been notable successes in fighting against scams and fraud with one of the most impressive operations involving a collaborative effort by Binance and the Department of Justice (DoJ) which led to the recovery of approximately $112 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/warning-solana-meme-coin-makes-1-million-rug-pull-tbt84431.html">https://thebittimes.com/warning-solana-meme-coin-makes-1-million-rug-pull-tbt84431.html</a></p>

Warning: Solana meme coin makes $1 million rug pull

Table of Contents

TheBitTimes

Other articles published on Apr 4, 2024

Blink Galaxy (GQ) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Wormhole bridge hacker from 2022 was briefly eligible for the recent airdrop

Solana (SOL) Besieges $200 Price Mark, XRP About to Enter Recovery Mode, Cardano (ADA) Makes Come...

The Profit Rush: Bitgert’s Price Explosion and Your Path to Wealth

Bitcoin (BTC) Targets $82,000 Amid Bullish Pennant Formation, Says Analyst

Bitcoin Cash Halving Cuts Rewards to 3.125 BCH, Price Fluctuates

Join our free newsletter for daily crypto updates!