TokenCrash: What Went Down With the Fake Microsoft Coin
Another day, another rug. This time, it’s a fake “Microsoft” token that blew up — then completely blew out. The TokenCrash has crypto Twitter on fire right now. At its peak, this coin hit $8,300 per token with an $80 million market cap — and then tanked 96% in hours. Yeah, it’s giving exit scam energy.
How’d it even pop off? The token slapped the Microsoft name and logo on its branding and started mooning. People saw it pumping over 14,000% and jumped in with zero DYOR. Classic FOMO move. The supply was only 10,000 tokens, so even tiny buys moved the price like crazy.
At one point, 24,000 people were holding it. But the top wallet had almost 5% of supply, and no one else held more than 0.5%. Not ideal. The whole thing was way too easy to manipulate.
Even with a sketchy CoinMarketCap page and unverified info, people still aped in. Now, it’s sitting at around $386 and dropping. Panic sellers are flooding the market, but volume’s still high — mostly from people trying to make back losses or get out fast.
Forums are full of rage posts from people who bought the top. The TokenCrash is a brutal reminder: don’t fall for clout coins with real-sounding names. If it looks too good to be true, it probably is.
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