The price of Martin Shkreli’s cryptocurrency collapsed by 90% in 20 minutes

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Recently released fraudster Martin Shkreli brought down the course of his cryptocurrency Martin Shkreli Inu (MSI) by 90% in 20 minutes.

On August 12, from the 0xshkreli.eth wallet created on the Ethereum (ETH) blockchain, brought out and sold over 160 billion MSI. As a result, the price of tokens flew down and reached the all-time low of $0.0000007756.

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The identity of the owner of the crypto storage could not be established for sure, but members of the crypto community are sure that Shkreli was leaking the coins. In the Discord messenger, a person who introduced himself as Martin stated that his crypto wallet was hacked, but the official representative of the scammer refused to comment on the sale of digital assets.

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In May, Shkreli was released from prison where he was serving a sentence for securities fraud, and created a Web3 drug discovery platform Druglike, and also issued Martin Shkreli Inu tokens. Despite Martin’s bad reputation, some investors decided to invest in his project and, as expected, suffered heavy losses.

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Source: Cryptocurrency

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