Elon Buy Twitter
However, experts in the cryptocurrency market are treating it as a scam. The official website of Elon By Twitter Cryptocurrency is not secure and neither is the identity of its creators. It is also being claimed on the website that people who create coin memes can get an opportunity to earn from this.
This Type of Fraud Has Already Happened
Even in October-November last year, there was a huge jump in the prices of the cryptocurrency called Squid Game Crypto in just one week. This cryptocurrency was launched in the name of Netflix’s blockbuster web series Squid Game. Which benefited a lot from the popularity of the web series and millions of people had invested money in this crypto. In just one week, the price of the SQUID game coin, which was sold for a penny, jumped over 30,000 percent to reach $2,856.65.
The boom in squid game crypto lasted only till November 4. On November 4, its price had reached $2,856.65. Within just 7 seconds of touching this level, the cryptocurrency fell 99.99 percent and its rate dropped to just $0.0007. People had also suffered the loss of crores of rupees in this. Who made this coin and where did it go with the money of its investors, it is not known till date. The website and social media channels of Squid Game Crypto have also been shut down.