đ¨ Crypto News Flash! đ¨
Monkey Pox (POX) token, which soared over 100% on Aug. 5, has plummeted 68% amid market manipulation fears. The token's value dropped to $0.0355, slashing its market cap from $92M to $54M.
Key Points:
- 25,000+ holders
- Top holder controls 66% of supply
- Mutable metadata, anonymous creator
Concerns are rising over potential market manipulation, echoing past incidents like the $DAVIDO token collapse. Meme coin creators exploit platforms like Pump.fun, generating millions in fees.
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