PeckShield: There are many BingChatGPT tokens in the market, and you need to be alert to fraud
According to reports, PeckShield monitoring data shows that there have been dozens of newly created BingChatGPT tokens, three of which seem to be honeypot scams, and two of them have fallen by more than 99%. Deployer 0xb583 has created multiple tokens using the pull up shipment scheme.
Interpretation of this information:
The recent monitoring data from PeckShield has shown the emergence of several newly created BingChatGPT tokens. Out of these newly created tokens, three of them are suspected to be honeypot scams. Additionally, two of these suspected scams have already seen a significant fall of more than 99%. The issuer of these tokens, 0xb583, has been using a pull-up shipment scheme to create multiple tokens.
Honeypot scams are a type of fraud where scammers lure investors with the promise of a high return on investment. However, in reality, the scammers run off with the investors’ money leaving them with losses. With the emergence of more than 70 new BingChatGPT tokens, investors need to exercise caution and conduct thorough research before investing to avoid such scams.
The fall of more than 99% in the value of two of the suspected honeypot tokens clearly demonstrates the danger of investing in new tokens without proper due diligence. The issuer, 0xb583, has created multiple tokens through the pull-up shipment scheme. This type of scheme involves the issuance of a new token without any significant assets or plan for deployment. Subsequently, the issuer uses their already established network and staked coins to increase the initial token value artificially.
Overall, the emergence of dozens of new BingChatGPT tokens, including suspected honeypot scams, highlights the need for investors to exercise caution and undertake thorough research and analysis before investing. While the pull-up shipment scheme might seem promising, investors should be diligent in assessing the actual value and underlying assets of the newly issued tokens.
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