Rug Pull Alert: Degen Ben.eth To Launch 3rd Scam Meme Coin After BEN and PSYOP

Who Is Ben.eth and the Controversy Behind Scam Meme Coins

NFT collector Ben.eth started his crypto journey in 2017 and entered NFT in 2021. Since then, he’s been an active member of the NFT community but was not a major influencer. He gained popularity in May after promoting PEPE Meme Coin and launching $BEN Meme Coin to try his luck in the Meme Coin season.

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Initially, he completely failed with $BEN but the token gained pace after popular crypto content creator BitBoy decided to buy it. After the initial success, Ben.eth announced to launch $PSYOP meme coin through presale. On May 17, BitBoy sold all $BEN tokens. However, Ben.eth was able to raise over $9 million worth ETH from $PSYOP presale and other tokens sale.

Ben.eth wallet address value increased from $2600 on May 3 to $9.28 million on May 23. However, the funds have been moved out of the wallet address. The current balance now stands at 3450 ETH worth $6.3 million, as per Etherscan.

Ben.eth
Ben.eth Wallet Balance. Source: Etherscan

Also Read: IMF Supports US Fed To Hike Rate By 25 Bps In June, Markets To Crash?

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Ben.eth Launching $LOYAL Meme Coin

On May 27, Ben.eth announced launching another scam Meme Coin on Memorial Day naming it $LOYAL. He seeks people to send ETH to his wallet address and promises to not keep this supply as other prior tokens.

Other Meme Coins he launched pumped and dumped. The new Meme Coin is also expected to be a rug pull. Thus, the crypto community should keep away from such coins.

Also Read: Binance CEO Reacts To China Releasing Web 3.0 White Paper Amid Hong Kong Crypto Push

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