If You’re A Dogecoin Holder, Then You Need To Read This ASAP
The post If You’re A Dogecoin Holder, Then You Need To Read This ASAP appeared on BitcoinEthereumNews.com.
The Dogecoin community has been put on alert following an important warning issued by Dogecoin developer Inevitable 360 about a fake account impersonating the Dogecoin Foundation on X. Coupled with this development and Dogecoin’s continued downward trend, several retail and whale investors are now selling their holdings and buying the trending Ethereum-based project, ETFSwap (ETFS). Dogecoin Holders Advised Not To Fall For Fake Foundation Account Dogecoin community members have been advised not to fall for an impersonator acting like the Dogecoin Foundation.In an X (formerly Twitter) post, Inevitable 360, Dogecoin updates account, notified the unsuspecting Dogecoin community about a fake X account impersonating the Dogecoin Foundation on X. “Please Report this fake account @dogefdn trying to be the real @DogecoinFdn. Much thanks $Doge #Dogecoin.” It is believed that the fake account is attempting to defraud users by posing as the authentic Dogecoin Foundation account on X. This scam is an issue of concern, as The Dogecoin Foundation has been a focal driver of the project since its outset. Also, Dogecoin’s lengthy bearish cycle may allow investors to become complicit and fall for scams while trying to make profits at all costs. Several key investors have reportedly sold part of their holdings and diversified into the biggest presale in the crypto industry right now, ETFSwap (ETFS). At the time of press, Dogecoin traded for $0.1009 (per CoinGecko). ETFSwap Receives An Influx Of Dogecoin Investors ETFSwap (ETFS), an Ethereum-based DeFi, has grown widely in recent weeks. The decentralized platform, which only emerged about a month ago, has quickly become everyone’s favorite. It has quickly sold over 90 million tokens since its emergence. Several Dogecoin holders appeared to have sold their holdings in the past few days after a continued static market and high alert by Inevitable 360. Built on the renowned Ethereum…
Filed under: News - @ August 23, 2024 8:26 am