PANews reported on January 21 that according to Onchain Lens monitoring, a fake $BARRON token quickly reached a market value of $72 million, and one of the internal accounts made a profit of more than $1 million by buying low and selling high. The account bought 136.35 million $BARRON tokens at 4.43 $SOL (about $1,048) and then sold them at 4,456 $SOL (about $1.05 million). In addition, there were multiple internal accounts involved. However, most of the major participants or "whales" suffered losses in this scam.
According to previous news, the market value of the fake Barron Trump token reached 72.78 million US dollars and then plummeted 99%. The relevant X account has been frozen.
