Search Results for: David Grusch

Crypto enthusiasts have created UFO-themed memecoins in response to allegations of government cover-ups of UFO sightings. However, there are concerns about potential scams associated with these tokens, as they might be “honeypots” designed to attract investors but restrict them from selling. Therefore, one should exercise caution while investing in such speculative assets.

After a US government hearing indicted possible extraterrestrial activities, crypto enthusiasts spawned over 50 alien-themed cryptocurrencies. While some token holders see modest gains, many of these tokens adopt a ‘honeypot’ guise, problematic for uninformed investors unable to offload their holdings.