April

Crypto speculators incurred a 20% loss on JBX after it was revealed that the $69 million funding from Paradigm was just an April Fool’s joke. 
Juicebox, a multipurpose <a href="https://crypto.news/tag/dao/" target="_blank" rel="noreferrer noopener">DAO</a>-tooling platform, marked April Fool’s Day uniquely by boosting its native token JBX by 25%. However, the celebration was short-lived as the token plummeted by 18% following the revelation that the purported multi-million funding from <a href="https://crypto.news/tag/paradigm/" target="_blank" rel="noreferrer noopener">Paradigm</a> was merely an April Fools’ joke orchestrated by Juicebox’s content manager. 
<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="550" data-dnt="true">
 BUCKO <a href="https://t.co/OTBcPvBC79" target="_blank">https://t.co/OTBcPvBC79</a> <a href="https://t.co/Ha9IYCiIna" target="_blank">pic.twitter.com/Ha9IYCiIna</a>— Spreek (@spreekaway) <a href="https://twitter.com/spreekaway/status/1774888303847690291?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">April 1, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
According to a screenshot <a href="http://twitter.com/spreekaway/status/1774888303847690291/?data=byu43cryptohysd0newshi7sgd" target="_blank" rel="noreferrer noopener">shared</a> in an X post by @spreekaway, Juicebox’s content and marketing manager Brileigh (also known as brileigh.eth) announced on their page on Apr. 1 a $69 million funding for Juicebox. Although the announcement didn’t explicitly name any investors, the attached image featured Paradigm, a web3 venture capital firm, implying its participation in the funding. 
<blockquote class="wp-block-quote"> 
 “Thank you to our backers and supporters – this is just the beginning.” 
 brileigh.eth 
</blockquote> 
 You might also like: <a href="https://crypto.news/code4arena-x-account-compromised-used-for-paradigm-endorsed-phishing-scam/"> Code4arena X account compromised, used for Paradigm endorsed phishing scam </a> 
Crypto.news was unable to verify the announcement as Brileigh promptly set their X account to private. Following the funding news, Juicebox’s native token JBX surged by 40% in value, propelled by speculators driving its price to $0.0043, a level not seen since February. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="550" src="https://crypto.news/app/uploads/2024/04/hdsuyfhldsyhf-1024x550.png" alt="Juicebox's JBX speculators hit with 20% losses after April Fool’s day prank - 20" class="wp-image-14262650">
 <figcaption class="wp-element-caption">
 JBX price in USD | Source: CoinGecko
 </figcaption>
</figure> 
Yet, the price surge was short-lived, as in follow-up posts made an hour later, Brileigh confessed that the news was just a prank, cautioning speculators against purchasing JBX tokens “in anticipation of financial gains on April Fools’ Day.” The revelation triggered a sharp downturn in JBX price, leading to a loss exceeding 20% as it plummeted to $0.0034, as per data from CoinGecko. 
As of the latest update, Juicebox hasn’t made any public statements regarding the matter, leaving speculators grappling with the aftermath of the prank. 
 Read more: <a href="https://crypto.news/ecb-president-unveils-plans-to-control-cbdc-payments-during-prank-call/"> ECB president unveils plans to control CBDC payments during prank call </a>

Juicebox’s JBX speculators hit with 20% losses after April Fool’s day prank

crypto.news

دیگر آرٹیکلز 2 اپریل، 2024 پر پبلش کیے گئے ہیں

Solana 'Looks Hungry' To Replace BNB As Third 'Non-Stablecoin' After Bitcoin And Ethereum, Says F...

Dogecoin’s rally mirrors past successes, targets $12 milestone

Transak Partners with Chiliz for Easy Access to $CHZ

TRON challenges US SEC, citing global ICO and vague digital asset regulations

What Are the Most Effective Risk Management Techniques for Seasoned Traders?

DOJ-Seized Bitcoin Wallet Worth $2 Billion Sends Test Transaction to Coinbase Prime, Arkham Data ...

Join our free newsletter for daily crypto updates!