The U.S. Securities and Exchange Commission (SEC) has issued an investor alert regarding fraudulent 'pump and dump' memecoins, particularly those created by celebrities. This warning comes amid a surge in the launch of celebrity-endorsed memecoins, such as the anticipated 'TrumpPump' and those involving Caitlyn Jenner, which have become a prominent feature of the current cryptocurrency cycle. The SEC's alert highlights the risks associated with these schemes, emphasizing the potential for significant financial losses for investors. The alert specifically targets pump-and-dump schemes and presales, cautioning investors to be vigilant.
SEC warns investors: Beware! Fraudsters target "memecoins" with pump-and-dump schemes and presales in crypto securities. https://t.co/tr7juFPYHK
The SEC just released this warning They mention “memecoins” & “pre-sale” Guess they don’t like seeing celebrities join crypto https://t.co/NIIv68cHz8
🚨🚨🚨 The SEC just issued an alert on “Fraudulent pump and dump memecoins created by celebrities” What part of the cycle is this? 😭 https://t.co/5SYyEP4G4P
🚨🚨🚨JUST IN: SEC Issues Alert on Pump and Dump Memecoins. The #SEC warns investors about fraudulent "pump and dump" memecoins created by celebrities. I’m cooked
JUST IN: @SECGOV RELEASES INVESTOR ALERT REGARDING "PUMP AND DUMP" MEMECOINS AFTER NUMEROUS CELEBRITIES LAUNCH SCAM TOKENS
JUST IN: @SECGov Released an investor Alert targeting "memecoins" pump and dumps and Presales https://t.co/4AY16VFdfN
Last cycle meme coins were taboo. This cycle they aren't. Caitlyn Jenner is a well known name, but she isn't Drake or Jay-Z. Let us know when names like that launch pump dot fun coins. That's when you begin to consider FSH-ing wallets. Each "cycle" isn't the same, but they…
Last cycle meme coins were taboo. This cycle they aren't. Caitlyn Jenner is a well known name, but she isn't Drake or Jay-Z. Let us know when names like that launch pump dot fun coins. That's when you begin consider FSH-ing wallets. Each "cycle" isn't the same, but they rhyme.…
This is the #crypto cycle where we will reach true mass adoptions. Celebrities already started to launch #memecoins. Wait till Papa Trump drops his! Are you buying? #TrumpPump 👀 https://t.co/pbNxoAWmzm
Last cycle it was pump & dump celebrity NFTs. This cycle it’s @pumpdotfun celebrity meme coins 🪙 https://t.co/r0phDqEWT6