• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Be mindful with Floki Inu (FLOKI), this coin meme is not as uncomplicated as you imagine

191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

As the meme coin motion exploded, numerous downstream tasks sprang up to adhere to the trend of capitalizing on highest income from industry sentiment. But not all coins are as “nice” as DOGE.

Related articles

Shiba Inu burning rate increased by 499,416%, will SHIB increase by $0.1?

Shiba Inu burning price enhanced by 499,416%, will SHIB improve by $.one?

November 28, 2023
Swan Bitcoin blocks accounts that interact with coin mixing services

Swan Bitcoin blocks accounts that interact with coin mixing companies

November 15, 2023
    Be careful with Floki Inu (FLOKI), this coin meme isn't as simple as you think
Be mindful with Floki Inu (FLOKI), this coin meme is not as uncomplicated as you imagine

Scams are appearing much more and much more amongst coins that are inherently produced devoid of goal, attracting wonderful consideration, even in the eyes of investment money. Token Floki Inu (FLOKI) is a prime instance, which rapidly disillusioned traders.

FLOKI / USD price chart.  Source: CoinGecko
FLOKI / USD price tag chart. Source: CoinGecko

In the previous, Elon Musk published a standing line mentioning Floki’s title on June 25, which right away hit the industry, main to the release of one trillion FLOKI tokens. Of program, the price tag of the token increases quite rapidly.

My Shiba Inu will be termed Floki

– Elon Musk (@elonmusk) June 25, 2021

However, quickly following, Floki Inu also encountered issues when traders recognized there was a challenge with the contract, customers obtained an error message following withdrawing or offering FLOKI bought on the decentralized exchange (DEX) Uniswap .

SCAM DETECTED🚨

️ Floki INU $ FLOKI ️

Contract challenge detected: you can obtain on #uniswap but you cannot promote !! 🍯🍯🍯

Only the proprietor sells: https://t.co/w9q9xnt802

❌ SCAM Discover:
0xa06884f35916badb1bf974a30df1accb2cc316cb#Floki $ ETH #fraud #Crypto #scamalert $ SPYON pic.twitter.com/3F4X6nC8IT

– SpyonCrypto (@spyoncrypto) June 25, 2021

However, the concern of shedding the possibility (FOMO) widespread to the huge bulk of traders is nonetheless existing in spite of the scam getting found.

The developer crew produced a new Ethereum Floki Inu V2 contract, which incentivized traders to migrate their tokens. And the 2nd scam transpires.

An insider (most possible the member behind the undertaking) rapidly drained the liquidity of the undertaking, leaving with 236 ETH transferred to Tornado Cash, a protection device to hide the transaction historical past translating Ethereum, leaving only .25 Ether.

So, the developer I applied reinforced the $ FLOKI Funds V2 LP.

I am incredibly sorry, I seriously imagined I was assisting conserve this undertaking and my ideas had been unquestionably substantial for that.

– Detective Uniswap🕵️ (@UniswapD) July 7, 2021

After all, the neighborhood looks to have drifted away from the undertaking and anyone agrees that it is just a trick to extract intense need and pleasure from traders.

I know numerous plays with $ FLOKI and misplaced believe in is currently complicated to regain.

For new $ FLOKI:

– Ownership will be relinquished when the airdrop tokens are distributed – no person checks.
– Liq. it will be caught for 420 many years.
– Audit to be carried out and published.
– Multisig on the promoting portfolio. https://t.co/UV6He5AOQd

– Bamidele (@youngprepro) July 7, 2021

It’s correct that tasks that adhere to the meme coin motion can deliver substantial income, but beware of the hidden nooks and crannies behind. As most possible, it is not an investment channel but a danger to your funds.

Synthetic currency 68

Maybe you are interested:

Join the chat group Coinlive Chats Now let us go over the sizzling subjects of the DeFi industry with the Coinlive administrators !!!

.

[ad_2]

Tags: Altcoin NewscarefulCoinFlokiInuisntmemeSimple
Share76Tweet48

Related Posts

Bitcoin’s Path to $120K: Inflows and Technical Signals

by shark
June 26, 2025
0

Bitcoin shows potential for a $120K breakout, supported by institutional inflows and technical indicators.

Bit Digital Shifts Focus to Ethereum Staking Strategy

by shark
June 26, 2025
0

Bit Digital pivots to Ethereum staking, exiting Bitcoin mining amid a $150M capital raise.

Finternet Drives Investment with Institutional Support

by shark
June 26, 2025
0

Institutional backing fuels Finternet development, bolstering crypto investments with a $4.9B influx in Q1 2025.

GameStop Raises $450M in New Zero-Interest Notes

by shark
June 26, 2025
0

GameStop Corp. has announced a $450 million raise via zero-interest convertible senior notes due in 2032, aimed at enhancing its...

Trump Criticizes Fed Chair Powell, Calls Him ‘Very Stupid’

by shark
June 26, 2025
0

Donald Trump critiques Fed Chair Jerome Powell, impacting financial discourse without immediate crypto market shifts.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Bitcoin’s Path to $120K: Inflows and Technical Signals
  • Bit Digital Shifts Focus to Ethereum Staking Strategy
  • TCAT Presale Frenzy + Degen & Coq Inu Insights.
  • Finternet Drives Investment with Institutional Support
  • GameStop Raises $450M in New Zero-Interest Notes
  • Trump Criticizes Fed Chair Powell, Calls Him ‘Very Stupid’
  • Polymarket Secures $200M Funding, Achieves $1B Valuation
  • Moca Network Launches Moca Chain for Decentralized Identity
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7