The cryptocurrency market is unfortunately no stranger to scams, with a well-known crypto influencer being the latest suspect. This influencer, DannyCrypt, has been accused of receiving 2% of a token's supply for marketing purposes and then dumping the majority of it on his followers for a profit of $57K (31 ETH). This fraudulent behavior was exposed by ZachXBT's report, which stated that the influencer was simultaneously telling his 26K-strong Telegram channel that he believed the price of the token had stabilized, while Tweeting about "hodling" it himself.

The wallet address associated with the market dump of the tokens was 0x600ee4164bf7718998ce084d146c9c062561fc42. DannyCrypt has since tried to manage the damage caused by the scam by attempting to distance himself from these incidents and playing the victim in subsequent posts.

It is important that investors take measures to protect their money. According to experts, the best thing to do is to be vigilant, not letting influencers take over their decisions and investing properly rather than throwing all the money into meme coins and other volatile assets. Furthermore, keeping an eye to the current market conditions and the potential risks their investments may face is essential.

Once again, this is an example of how dangerous it can be to trust an influencer blindly and invest indiscriminately. That said, it is impossible to eliminate the risks that come with cryptocurrency investments entirely. It is therefore important for investors to stay alert and make sure to do their own research in order to stay safe.



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