Newly launched cryptocurrency project, WALTER2.0, has quickly generated substantial profits for its early backers.
In just 24 hours, the digital asset has experienced an astonishing surge of 30,000%, creating numerous millionaires.
However, this remarkable ascent has been marred by concerns raised by the DEXTools launchpad, which has labeled WALTER2.0 as a potential honeypot scam.
Additionally, the token has performed poorly in community votes, further bolstering suspicions that it may serve as a deceptive mechanism for malicious actors to defraud investors of their funds.
Given the scarcity of reliable information, cryptocurrency experts strongly advise investors to exercise caution and avoid involvement with this project.
Instead, they recommend exploring alternative community-driven tokens such as $WSM, $THUG, and $HANKEY, which offer more transparent and trustworthy investment opportunities.
In the last couple of months, several projects have reported phenomenal gains within a short period.
Several of these projects have been joke cryptocurrencies popularly called meme coins. WALTER2.0 seems to fall into this group, although there is little to no information on what the token entails.
So far, the project has locked in over 30,000% and is currently trading at $0.000000022 in its last 24 hours.
The project has also recorded over $105,000 in trading volume so far. Its seven-day performance stands at a rough estimate of a 40,000% increase in the past week.
While these would generally elicit excitement amongst investors, there seems to be a growing belief that this is one of several honeypot scams that have proliferated the crypto space.
For one, the DEXTools aggregator website emblazons a potential honeypot scam on the
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