Listed below are a number of points with THE, the cryptocurrency created by the developer of Ethereum (ETH), and why shopping for THE right now might be dangerous for retail clients.
CEX itemizing, 100M airdrop to Vitalik Buterin
The token, a brand-new meme coin, was launched on October 14, 2022 in response to a suggestion from Vitalik Buterin. The inventor of Ethereum (ETH) contemplated why this interesting sticker was nonetheless out there at no cost.
An Ethereum memetic token contract was launched instantly after his suggestion (ETH). The handle of Vitalik acquired an instantaneous switch of 100 million THE (or 10% of its provide).
The token pumped like another meme coin all through the course of the subsequent two days. Nevertheless, PeckShield warning specialists revealed that a number of contracts associated to THE provide are primarily honeypots, permitting customers to solely add liquidity to THE community and stopping withdrawals.
THE token has already been listed by MEXC International centralized cryptocurrency trade. Additionally, Uniswap V3 THE-WETH liquidity pool positive factors steam.
Vitalik Buterin doesn’t promote THE
On Telegram, eponymous English and Chinese language teams are aggressively selling THE token. The teams merely shared THE shopping for statistics. Moreover, a video purporting to be of Vitalik Buterin selling THE Protocol and its coin is circulating on TikTok.
Vitalik, although, didn’t say something like that. The THE-themed Telegram teams every have 1500–2000 members as of the time of publication, and THE’s Twitter account has over 2,500 followers.
DISCLAIMER: The Info on this web site is supplied as basic market commentary and doesn’t represent funding recommendation. We encourage you to do your personal analysis earlier than investing.
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