Counterfeit $BARRON internal accounts profited over 1 million US dollars, most "whales" are in a loss state
According to Onchain Lens monitoring, a counterfeit $BARRON token quickly reached a market value of 72 million US dollars, with one internal account making over 1 million US dollars in profit through buying low and selling high. This account purchased 136.35 million $BARRON tokens for 4.43 $SOL (approximately 1048 US dollars), then sold them for 4456 $SOL (approximately 1.05 million US dollars). In addition, several other internal accounts were involved. However, most major participants or "whales" suffered losses in this scam. Previous news reported that the counterfeit Barron Trump token's market value had once reached 72.78 million US dollars before plummeting by 99%, and related X accounts have been frozen.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Glassnode Bitcoin's realized losses have surged to the highest level since the FTX collapse
3,001.9 ETH transferred to an exchange, worth approximately $8.02 million
After purchasing 1,242 ETH, a whale went 20x long on 16,366 ETH.
Plume CEO: The RWA market is expected to grow 3-5 times by 2026