JUMPN [JST] with joy looking up to STEPN [GMT]? Here’s something sinister
World events, hit Netflix shows, new memes, and even successful crypto projects can all trigger the launch of knock-off tokens by creators who are perhaps burning with inspiration – or feel like pulling the rug out from beneath you.
Of course, it can be hard to assess a new project which rides on the coattails of a larger one. So here’s what you need to know about JUMPN [JST] which was on CoinMarketCap’s ‘top gainer’ list at press time.
Obviously inspired by the recent performance of STEPN [GMT] which rallied by more than 17% in a single day, JUMPN [JST] quickly rose from $0.00016 to slightly over $0.0023 in around a day. At press time, however, GMT was down by 9.63%. On the other hand, JST was trading at $0.002313 after shooting up by 125.40% in the last day.
So what is the biggest red flag associated with JST? Well, CoinMarketCap did include a link to a website which claimed that the Jump Satoshi Token [JST] was a honeypot.
Source: honeypot.is
If that’s not enough warning for you, take into consideration that the BEP-20 token’s official site included no photos of the founders, but just their names and some illustrated profile pictures.
Source: Jumpn.today
What’s more, the official JUMPN Twitter account had only 141 tweets – but joined in March 2012. Meanwhile, the token’s official website was created in early April 2022.
Source: lookup.icann.org
Take a moment here to remember another token that also recently went ballistic. This BEP20 token, aptly named ELON BUYS TWITTER [EBT] went up by more than 100x in a day. Even at press time, EBT was trading at $0.000001748 after rising by 80.71%. However, CoinMarketCap had stopped collecting data about the token by that time.
While the jury might still be out on EBT and its safety, cast
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