- The current URF promotion labored in the direction of undermining Solana’s credibility.
- Reportedly, the URF workforce used the presale funds to commerce meme cash.
Since its launch in 2020, Solana [SOL] has skilled numerous troughs and crests in its value motion. Nonetheless, it has gained immense traction with time and tide, at present rating at #4 on CoinMarketCap.
As of the most recent replace, Solana was buying and selling at $188.39, marking a 3.11% surge within the final 24 hours. Amidst this recognition, some unhealthy actors have been profiting from Solana’s surge.
Inasmuch, on the third of April, @zachxbt, taking to X (previously Twitter), make clear the launch of a brand new Solana-based memecoin referred to as URF.
The self-proclaimed “2D detective” famous,
“Influencer @BryceHall made a number of posts selling a sketchy Solana presale for a meme coin referred to as URF serving to them elevate ~2400 SOL ($450k).”
What’s occurring with URF?
On the twentieth of March, Bryce Corridor, a widely known influencer, posted about URF’s presale on his X account.
Nonetheless, inside 24 hours after its launch and after accumulating funds throughout the presale part, the workforce vanished. Furthermore, its social media accounts have been inactive because the twenty sixth of March.
Zachxbt elaborated,
“The URF workforce as an alternative has been utilizing the remaining presale funds to commerce meme cash.”
This stirred the neighborhood, who began questioning the credibility and security of Solana-based meme cash. One person merely stated,
“Lol knew this was coming.”
Many customers pointed in the direction of Corridor’s previous historical past of selling “shady” tokens, as he was caught promoting “crypto scams” over the past bull run as nicely.
This brings again the age-old query of whether or not influencers ought to be extra cautious about what they promote, contemplating the fallout if issues are unseemly.
Additionally, to what extent ought to traders belief what they see on-line?
As another user hilariously put it,
“However your honour… I stated DYOR.”