ETF scandal: Heavy blow to opportunistic crypto investor!

A memecoin called ETF, which was issued on the Solana network, made its mark on the agenda by pulling a rug pull after a massive increase of 11,600 percent.

The demand for high earnings in cryptocurrencies continued from where it left off with hollow memecoin projects. The ETF issue, which has been sweeping the industry for weeks, has become the new stop for opportunistic investors. BTC hours before the conclusion of the spot ETF decision, memecoins issued under the name of ETF experienced an extraordinary increase. However, almost all of these rises ended in disappointment.

First the queen and then the disgraced!

Memecoins called ETFs, which were issued on the Solana and Ethereum network, first achieved very large volume. In fact, a pair called ETF/SOL went from 0.0000007123 to 0.00008374, a total increase of 11.656 percent. Although there was such an increase in a short time, the rug pull was a lesson later.

Opportunistic investors, trying to take advantage of the agenda, continue to launch projects on various networks and invest in memecoins, in particular.

These developments, which we have often witnessed in the past, almost always upset the investor. For example, almost all memecoins issued in the name of SEC Chairman Gary Gensler at the time were zeroed out. Likewise, memecoins related to former U.S. President Donald Trump have often suffered rug pulls. As a result, it will be useful to pay attention to projects that take advantage of the agenda and covet the balances of investors.