Irish mixed martial artist Conor McGregor was recognized convicted of sexual assault. Against the backdrop of the event appeared memcoin $Convict, allegedly intended “to collect donations to pay the legal costs of victims of the convicted McGregor.”
Nurmagomedov published a post on X supporting the initiatives of the crypto project organizers and stating that McGregor deserves punishment and public censure.
After five days of existence, the $Convict memcoin is trading at $0.0002415.
According to Gecko Terminal, Memcoin is showing some warning signs synonymous with the market manipulation tactics of Pump and Dump. With this scheme, the price of a crypto asset is artificially inflated to attract participants, and then the asset is sold off, which leads to a fall in its price.
The website of the Convictmcgregor project reports that Convict McGregor is a satirical memecoin intended solely for entertainment.
The day before, independent blockchain detective ZachXBT reported that since August, hackers who hacked celebrity social media accounts to promote fraudulent memcoins and pump and dump schemes have earned about $3.5 million.
Source: Bits
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