After a four -year legal battle, Ripple is now free from SEC case and this big win is in the news in the crypto market. As soon as the news of Ripple victory comes XRP Worth I have seen a rapid bounce. While Ripple’s supporters were celebrating this victory, in the meantime, the scammers also started launching many Faux Memecoins, taking advantage of this hype and many Faux Meme tokeen were launched on pump.amusing platforms. The purpose of these fake tortons was only to cheat people and get benefits from this fraud.
Scammers took advantage of Ripple’s victory from SEC
After the victory of Ripple’s sec, scammers inaugurated several Faux Memecoins on the pump.amusing platform, which had names associated with RIPPLE. Names like Rippledrop (RDrop), Ripplerar (RRRX), XRP RIPPLE (RLUSD) and Ripple Victory (RVY) were used. These tokens were designed in such a way that people consider them a real token related to Ripple. However, the market cap of these tookons was very low and some had only $ 2K-$ 3.8k. These tookons were built to achieve only a quick pump and later disappeared.
Every time when a big news comes in the crypto market, scammers launch fake projects taking advantage of it. These projects resort to the hyp to attract investors and those who invest in these tokons without checking are often suffering losses. This is why investors should always be cautious and avoid getting stuck in this type of hype. With this, if you want to know about Ripple in detail, then What is ripple? You can know by clicking on this link.
Increase in XRP Worth and Investors Trend
The XRP Worth saw a rapid growth in the XRP Worth after the battle was over between Ripple and SEC. Earlier, the crypto market had a recession atmosphere for a few weeks, but now the growing price of XRP has indicated the improvement in the market. However, it is also important that XRP users understand that a token is a name related to Ripple, it does not mean that it is real and safe. Investors should always do research on the project, so that they do not fall into the scammer.
Do research properly before getting stuck in any hyp
Launched on pump.amusing after Ripple’s victory, these fake memecoins are an example of how scammers take advantage of new occasions. Investors should always be cautious and do completely research before investing in any new tokens. If you buy these tokans without thinking, then you may soon be a victim of the rag bridge, that is, your money can easily disappear. Therefore, get complete information about any new crypto project and only invest in reliable and verified tokens.
