Ben.eth Launches Another Project After Three Rugpulls In A Month
Popular Crypto influencer known as Ben.eth on Twitter, launched his another project today after he rug pulled three coins in a month, causing his followers to millions.
The latest project includes 10,000 Orange NFTs with 0.1 ETH minting fees.
BEN, PSYOP and LOYAL – All got rugpulled
Ben.eth launched a token called $BEN. A few days after it was released, the project was rug pulled and Ben.ETH made millions of dollars from the scheme.
Shortly after the BEN fiasco, the crypto influencer announced another project. He promised that this time it would be different. After building up hype on the social media platform, he had a presale for his new token, PSYOP. In a short time quite a bit of money was added to the LP as the token was distributed. Ben.ETH liquidated the supply and swapped everything for ETH, leaving his project worthless and making off with millions from his followers.
Ben.eth did not stop there as he announced a third project- LOYAL. This time he was going to allocate a whole 33% to users who bought the token on pre-sale. The crypto influencer announced he will keep 67% of the remaining tokens. He also decided to partner with this sub’s favorite influencer, BitBoy.
Ben.eth is offering orange NFTs that come with Twitter Blue
After three rug pulls, Ben.eth dropped a 10,000 collection of orange square NFTs for 0.1eth today. It was minted out in 15 minutes and the floor price is already below mint. As per his latest tweet, the orange FF6000 NFT comes with an orange batch on your Twitter profile plus Twitter Blue.
As per a recent report from blockchain security firm Beosin, rug pulls and exit scams losses in the cryptocurrency market surpassed those from decentralized finance (DeFi) hacks in May. Just around six incidents of rug pull and scams amounted to over $45 million in total losses, while 10 attacks on DeFi protocols only netted $19.7 million.
Read More: Scam Tokens Ride The Wave Of Meme Coin Mania
- S&P Launches Crypto 50 Index But There’s A Catch
- NYSE Owner ICE to Invest $2B in Polymarket as Interest in Prediction Markets Heats Up
- Expert Predicts SOL ETF Approval This Week as Solana ETPs Break All-Time Record
- XRP On-Chain Data Flashes Buy Signal as Analysts Target $4
- U.S. To Start Funding Its Bitcoin Reserve Anytime, Says Senator Lummis as BTC Rally Extends
- Cardano Price Consolidates Below Key Resistance Ahead of ETF Verdict — Is a 50% Rally in Sight?
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
