New Crypto Token Ben2.0 Pumps 270%, Makes Top DEXTools Gainers List

New Crypto Token Ben2.0 Pumps 270%, Makes Top DEXTools Gainers List – Rugpull or Is BitBoy Involved?

Updated: 04 July 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

A new cryptocurrency called BEN2.0 has been recently attracting the crypto community’s attention. So much so that its price skyrocketed by over 270% in hours.

According to DEXTools, the token became one of the most sought-after tokens the platform follows. However, it remains unknown whether BEN2.0 is the successor of the original BEN token or if this might be a scam project to rob investors of their money.

What is BEN token?

BEN is a meme-based cryptocurrency created by Bitboy Crypto — a developer otherwise known as Ben Armstrong. BitBoy Crypto is also a popular crypto YouTuber and a leading proponent of the coin.

Thanks to his popularity and influence, the token achieved a high amount of success in the crypto industry, rising to significant value. The cryptocurrency has seen major surges, rising by over 100% in a 24-period.

Early last month, BitBoy Crypto announced that he will distance himself from meme coin creator ben.eth, amid allegations of a rug pull. Rug pulls have not been uncommon in the crypto industry, and when the so-called “meme coin season” started, they continued, just like during every other trend.

Armstrong, however, did not want to be involved or pulled into any nefarious practices, so he decided to distance himself from those who were.

I have completely separated from @eth_ben. We will no longer working together in any capacity. Good luck to him on all accounts, but going forward, $BEN will have no association to any project related to him.

He also no longer holds any $BEN token.

— Bitboy Crypto (@Bitboy_Crypto) June 5, 2023

Of course, BitBoy Crypto did not drop the BEN token himself. However, many have questioned whether he might be behind the new BEN2.0 token as a way of getting a fresh start.

Is BEN2.0 a legitimate project?

So far, BEN2.0 did not pull the rug from under its holders, but that is still not a confirmation that it is a legitimate cryptocurrency. DEXTools has issued a warning that the project might be a scam, noting that the pair has a very low reputation among community vote.

However, while the token has not been blacklisted as of yet, it was also not whitelisted. It remains mysterious for now while the community speculates whether BitBoy Crypto might be involved with the project.

So far, Armstrong did not endorse the project on his official Twitter account. He did not criticize it either. In fact, he did not even reference it in a single tweet as of yet, potentially being fully unaware of the project.

On its end, BEN2.0, paired against WETH, has a 24-hour volume of $1.05 million and a total market cap of $150.1k. It has a total supply of over 42 million BEN2.0 and around 577 holders, who performed a total of 896 transactions as of the time of writing.

However, given that a single wallet holds the majority (69.8%) of BEN2.0, the project’s recent price surge might simply be a pump by its creator, meant to attract investors before the rug pull.

While the project has a website that can be accessed, it doesn’t offer much content. It explains that BEN2.0

is a next-generation digital asset that is revolutionizing the landscape of finance. Building upon the success of its predecessor, Ben 2.0 Token introduces enhanced features and capabilities that empower individuals to take control of their financial future in an increasingly digital world.

Its Twitter account has around 4,500 followers, some of which may be fans of the original BEN. However, the majority are likely fake accounts, judging by simple, over-supportive comments in response to the tweet announcing that the project went live.

https://twitter.com/ben2coin/status/1674454667839909899

Wall Street Memes About to Hit $12.5m Milestone

While the legitimacy of BEN2.0 might be questioned, there are no such doubts regarding the popular meme coin, Wall Street Memes (WSM).

As of July 4th, the token is still in its presale, but the interesting fact is that it has managed to raise $12.44 million so far, and it is inching closer to a $12.5 million milestone. In the current stage of its presale, the token is available at a price of $0.031 per WSM, which will remain the case for a little over 3 more days.

The Federal Reserve right now pic.twitter.com/w2OAL9mzTE

— Wall Street Memes (@wallstmemes) March 17, 2023

After that, the token’s price will jump to $0.0313. The token can be purchased with ETH, USDT, BNB, or via credit/debit card payments.

Wall Street Memes emerged as a way to remember an incident from 2021 when amateur investors from a subreddit called WallStreetBets stood up against institutional investors who were shorting stocks of several companies.

Institutions were after the profit, not caring that they would financially ruin the targeted firms along the way. Redditors disagreed with their methods, so they mass-purchased targeted firms’ shares to make institutional investors lose money and save the companies along the way.

Most Searched Crypto Launch - Pepe Unchained

Rating