Scammer launches fake Memecoin using the reappearance of Sam Bankman-Fried X

• The appearance of the Sam Bankman-Fried X influenced attempts to launch a fake Memecoin.
• Last month, memocoin lags were seen being pulled within the sector.

The crypto market has decided to fall further as the week progresses. This is combined with news about the South Dakota Bitcoin Reserve Bill, and is a bearish day for the sector. Meanwhile, the Memecoin industry has joined in to demonstrate its own activities, consistent with the social reenactment of Sam Bankman-Fried.

During the Asian morning hours on February 25th, the founder of FTX posted to his X account after two years of dormant. He posted a thread sympathizing with the government officials and the layoff process. This attracted the attention of many markets and one particular member decided to take advantage of the opportunity.

Within two hours of Sam Bankman-Fried’s post, an account called “@SBF_Doge” was trimmed with a grey verification tick. The account, like Donald Trump and other leading celebrities, announced the launch of Memocoin. However, within the next 30 minutes, posts about fake memocoin were deleted, and certain key community members subsequently responded.

In particular, Nate Garcia, the president of the ETF store, responded to both posts. He posted a thread replying to the official thread on Sam Bankman-Fried’s unemployment rate and the launch of Memecoin by The Scammer.

Is Sam Bankman the lonely victim of fake Memocoin Mania?

Last month we saw some fake memo coin launches and subsequent rag pulls. One infamous project was a Libra token promoted by Argentine President Javier Mairi. Investors have lost a huge amount of money through insider trading, which has led to a fuss in the industry.

Meanwhile, other tokens, including Trump and First Lady Melania tokens, also saw a significant surge after prices fell. These coins were legal, but they caused losses in funds for investors.

Additionally, Sam Bankman Fried Memo Coin Scammers have announced that they will donate SBF Meme Coin revenue procedures similar to Trump. Recently, on past days, speculation has arisen that Kanye West has sold out his X account to Barkmeta. West denied, but claimed that this led to an increase in fear of existing Memocoin Lagpur.