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Memecoin $BRAZIL is disclosed in Jair Bolsonaro’s profile after hacker attack
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Followers of the former President of the Republic, Jair Bolsonarowere surprised by the announcement of a new cryptocurrency, $BRAZIL, on your profile on X. In addition to the announcement, the message also contained the address for purchasing cryptocurrencies and a photo of Bolsonaro with Trump.
Shortly afterwards, Carlos Bolsonaro, the former president’s son, shared a tweet warning that hackers had invaded the father’s profile. Furthermore, he reported that the family was trying to regain access to the account. However, he made no mention of the announced cryptocurrency.
The “Viver de Cripto” profile was one of the first to alert Carlos Bolsonaro’s followers about the possibility that the announcement was a scam.
About an hour later, in the early hours of the 24th, the cryptocurrency announcement was deleted, and a new message was published on the former President’s profile, informing that the account had been recovered. Despite this, there was no mention of cryptocurrency or the alleged hack.
Bolsonaro’s profile publishes memecoin BRAZIL
Although father and son did not state that it was a coup, nor mentioned this possibility, graphical analysis of the cryptocurrency price indicates that $BRAZIL may be a case of “rug pull”a common scam in the cryptocurrency market.
In this type of fraud, scammers create tokens in large quantities, reserve a portion for themselves and advertise the currency aggressively to attract investors.
When the price rises, they sell their tokens, removing liquidity from the market and doing with value plummets, leaving buyers with worthless assets.
On Raydium, one of the busiest DEX, the first sale of $BRAZIL was recorded at 23:04, 10 minutes before Carlos Bolsonaro’s message. The wallet acquired 32 million tokens for $3,392.30, unit price $0.0001130. From then on, the token’s price rose rapidly. The maximum reached around $0.005 30 minutes after the announcement.
Around 34,000 of the 44,225 wallets that purchased the token have already sold their assets, many even during the early hours of the 24th, which suggests that the scammers themselves may have made a significant part of these sales. The currency’s current liquidity is US$70,000, with around 5,000 wallets still holding the tokens.
At that moment, the sales began. Data from CoinGecko Terminal shows that the currency’s trading volume has reached US$46 million, with more than 78 thousand registered transactions.
Memecoin $BRAZIL is disclosed in Jair Bolsonaro’s profile after hacker attack
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Memecoin $BRAZIL is disclosed in Jair Bolsonaro’s profile after hacker attack
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Memecoin $BRAZIL is disclosed in Jair Bolsonaro’s profile after hacker attack
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Memecoin $BRAZIL is disclosed in Jair Bolsonaro’s profile after hacker attack