NFTScam
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Former Professional Boxer Floyd Mayweather Accused of Involvement in NFT Scams🤐
Former Professional Boxer Floyd Mayweather Accused of Involvement in NFT Scams
According to Foresight News, former professional boxer Floyd Mayweather has been accused of involvement in several NFT (Non-Fungible Token) scams. The allegations were made by blockchain detective ZachXBT, who noted that Mayweather had posted and subsequently deleted tweets containing fraudulent information.
ZachXBT revealed that Mayweather had previously been involved in NFT scams including Mayweverse and RealFloydNFT. He also allegedly promoted fraudulent projects such as Ethereum Max, Bored Bunny, Moonshot, and a 2018 ICO. However, the tweets related to these scams have since been removed from Mayweather's account.
The accusations against Mayweather highlight the potential risks associated with the rapidly growing NFT market. As the popularity of NFTs continues to rise, so does the number of scams related to them. This incident serves as a reminder for investors to exercise caution when dealing with NFTs and other digital assets.
According to Foresight News, former professional boxer Floyd Mayweather has been accused of involvement in several NFT (Non-Fungible Token) scams. The allegations were made by blockchain detective ZachXBT, who noted that Mayweather had posted and subsequently deleted tweets containing fraudulent information.
ZachXBT revealed that Mayweather had previously been involved in NFT scams including Mayweverse and RealFloydNFT. He also allegedly promoted fraudulent projects such as Ethereum Max, Bored Bunny, Moonshot, and a 2018 ICO. However, the tweets related to these scams have since been removed from Mayweather's account.
The accusations against Mayweather highlight the potential risks associated with the rapidly growing NFT market. As the popularity of NFTs continues to rise, so does the number of scams related to them. This incident serves as a reminder for investors to exercise caution when dealing with NFTs and other digital assets.
#NFTScam
**Pump and Dump Schemes in NFTs**
Pump and dump schemes in the NFT market involve artificially inflating the price of an NFT through misleading information and hype. Here's how they typically work:
1. **The Pump**:
- **Initial Investment**: Scammers buy a large quantity of a low-value NFT.
- **Hype Creation**: They use social media, forums, and influencers to spread misleading information, creating a buzz around the NFT¹.
2. **The Dump**:
- **Selling at Peak**: Once the price is significantly inflated, scammers sell off their NFTs at the peak price.
- **Market Crash**: After the dump, the price plummets, leaving unsuspecting investors with worthless assets¹².
**How to Avoid Falling Victim**:
- **Research**: Always verify the credibility of the NFT project and its creators.
- **Be Skeptical**: Be cautious of sudden price spikes and overly positive promotions.
- **Community Feedback**: Check for reviews and feedback from the community².
By staying informed and cautious, you can protect yourself from these fraudulent schemes.
**Pump and Dump Schemes in NFTs**
Pump and dump schemes in the NFT market involve artificially inflating the price of an NFT through misleading information and hype. Here's how they typically work:
1. **The Pump**:
- **Initial Investment**: Scammers buy a large quantity of a low-value NFT.
- **Hype Creation**: They use social media, forums, and influencers to spread misleading information, creating a buzz around the NFT¹.
2. **The Dump**:
- **Selling at Peak**: Once the price is significantly inflated, scammers sell off their NFTs at the peak price.
- **Market Crash**: After the dump, the price plummets, leaving unsuspecting investors with worthless assets¹².
**How to Avoid Falling Victim**:
- **Research**: Always verify the credibility of the NFT project and its creators.
- **Be Skeptical**: Be cautious of sudden price spikes and overly positive promotions.
- **Community Feedback**: Check for reviews and feedback from the community².
By staying informed and cautious, you can protect yourself from these fraudulent schemes.
$SOL what you think? read his post below and then please come back let me know...
Is Solana struggling due to whales not pushing or because all those Fake NFTs and token projects is ruining their chain.....?
#NFTScam #TokenSpeculation
Is Solana struggling due to whales not pushing or because all those Fake NFTs and token projects is ruining their chain.....?
#NFTScam #TokenSpeculation
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Solana Bulls Aim to Break Key Resistance Amid Investor Anxiety
Solana struggles to surpass the $200 resistance level, leading to a decline in investor optimism and OI.
The funding rate for Solana experiences a significant decrease, indicating traders’ reluctance to open bullish positions.
Despite challenges, Solana remains attractive to institutional investors, evidenced by a substantial influx of approximately $25 million.
Solana (SOL) underwent a notable ascent, peaking at $210 before encountering a sharp downturn. Despite attempts to breach the $200 threshold over the past fortnight, SOL has been unable to do so, fostering a sense of apprehension among investors.
Presently valued at $190, Solana grapples with persistent resistance at the $200 mark, signaling diminishing investor confidence, as evidenced by a decline in Open Interest (OI). Within a brief span of two days, OI plummeted by 15%, from $3.14 billion to $2.88 billion, indicating a reluctance among traders to initiate bullish positions amidst the ongoing consolidation phase.
Furthermore, a dwindling funding rate underscores traders’ growing reluctance to engage in optimistic positions. This metric, integral to perpetual futures contracts, mirrors the market’s downward trajectory, reaching one of its lowest points in recent months.
Without a resurgence in both Open Interest and the funding rate, the SOL price could continue its descent, potentially settling into a bearish trend. Presently, Solana bulls face the task of reclaiming the 50-day EMA to solidify support above the $181 mark. However, even in the event of another attempt to breach the $200 resistance, SOL may face a potential dip to $168.
This places SOL in a consolidation phase, oscillating between $168 and $200, with the likelihood of lateral movement persisting in the near term. Despite these challenges, Solana maintains its appeal among institutional investors, as evidenced by its recent influx of approximately $25 million, surpassing other major altcoins.
Read also:
Solana Breaks All Resistance, Set to Reach New All-Time Highs!
Solana Echoes Mid-2021 Surge, Eyes Key Resistance Level
Solana Explodes With a 200% Surge. Can SOL Reach $50 In JAN?
Solana’s Potential Recovery: Breaking the Bearish Trend?
Solana Surges Past Resistance: Potential Price Breakout Ahead!
The post Solana Bulls Aim to Break Key Resistance Amid Investor Anxiety appeared first on Crypto News Land.
The funding rate for Solana experiences a significant decrease, indicating traders’ reluctance to open bullish positions.
Despite challenges, Solana remains attractive to institutional investors, evidenced by a substantial influx of approximately $25 million.
Solana (SOL) underwent a notable ascent, peaking at $210 before encountering a sharp downturn. Despite attempts to breach the $200 threshold over the past fortnight, SOL has been unable to do so, fostering a sense of apprehension among investors.
Presently valued at $190, Solana grapples with persistent resistance at the $200 mark, signaling diminishing investor confidence, as evidenced by a decline in Open Interest (OI). Within a brief span of two days, OI plummeted by 15%, from $3.14 billion to $2.88 billion, indicating a reluctance among traders to initiate bullish positions amidst the ongoing consolidation phase.
Furthermore, a dwindling funding rate underscores traders’ growing reluctance to engage in optimistic positions. This metric, integral to perpetual futures contracts, mirrors the market’s downward trajectory, reaching one of its lowest points in recent months.
Without a resurgence in both Open Interest and the funding rate, the SOL price could continue its descent, potentially settling into a bearish trend. Presently, Solana bulls face the task of reclaiming the 50-day EMA to solidify support above the $181 mark. However, even in the event of another attempt to breach the $200 resistance, SOL may face a potential dip to $168.
This places SOL in a consolidation phase, oscillating between $168 and $200, with the likelihood of lateral movement persisting in the near term. Despite these challenges, Solana maintains its appeal among institutional investors, as evidenced by its recent influx of approximately $25 million, surpassing other major altcoins.
Read also:
Solana Breaks All Resistance, Set to Reach New All-Time Highs!
Solana Echoes Mid-2021 Surge, Eyes Key Resistance Level
Solana Explodes With a 200% Surge. Can SOL Reach $50 In JAN?
Solana’s Potential Recovery: Breaking the Bearish Trend?
Solana Surges Past Resistance: Potential Price Breakout Ahead!
The post Solana Bulls Aim to Break Key Resistance Amid Investor Anxiety appeared first on Crypto News Land.