They issued crypto money and made a rug pull in the name of Charlie Munger, who was an enemy of Bitcoin and passed away recently.
Charlie Munger, known as Warren Buffet’s right-hand man and known for his hostile statements against Bitcoin, died at the age of 99. Munger’s death benefited cryptocurrency opportunists. Profiteers who issued crypto money called Munger through decentralized exchanges made rug pulls worth hundreds of thousands of dollars in a short time.
MUNGER, the cryptocurrency issued in the name of Bitcoin enemy Charlie Munger, attracted great attention in a short time and experienced a 31,500 percent increase. However, in a short time, the project team pulled the plug and realized a rug pull of 60 thousand dollars.
They made an effort to prove Munger right!
Warren Buffet’s right-hand man, Charlie Munger, became known for his hostility to Bitcoin. Munger labeled cryptocurrencies as fraud. Recently, Munger passed away at the age of 99. Munger’s death also spurred crypto opportunists into action.
One or more anonymous people issued a cryptocurrency called Charlie Munger (MUNGER) on Uniswap. MUNGER quickly rose 31,500 percent as crypto investors showed interest in the hope of a new memecoin. MUNGER’s total liquidity increased to 75 thousand dollars. According to on-chain data, MUNGER managed to achieve a transaction volume of $ 3.5 million with intense interest from investors and reached a market value of $ 775 thousand.
MUNGER, which included crypto investors known as gem hunters, experienced an 83 percent decline in a short time. With this decrease, the amount in liquidity decreased to 14 thousand dollars. Additionally, transaction volume dropped to 135 thousand dollars. MUNGER’s current market value is around 20 thousand dollars.
Munger described cryptocurrencies as useless and worthless earlier this year. At that time, Munger argued that cryptocurrencies were fraudulent products. After Munger’s death, crypto fraud in his name attracted attention.
