The scammers made tens of thousands of dollars on “bitcoin pizza day”, taking advantage of market participants’ interest in meme cryptocurrencies. The creators of several tokens based on the holiday fled with the assets of gullible investors, writes RBC Crypto.
On May 22, the crypto community celebrated the 13th anniversary of the first purchase for bitcoins. This happened in 2010, when computer developer Laszlo Heinitz bought two mushroom pizzas for 10,000 BTC.
The creators of BPizza, after the token reached a capitalization of $100,000, set a tax on the sale of coins at 100% so that investors could not sell them. The issuer EthPizza turned off the sale of the token when the capitalization of the asset reached almost $40,000.
BTCPizza is now labeled as a Honeypot – when scammers prescribe in the smart contract of the token the ability to withdraw coins only to certain wallets. PizzaDay has tumbled to zero after a sharp appreciation followed by a rapid series of sell-offs.
The desire of investors to buy tokens that have no fundamental value followed the rapid and significant increase in the market capitalization of Pepe’s meme cryptocurrency in just a few weeks. Investors hope for good luck by buying tokens that can collapse in price at any time.
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