Nearly 30 Fake PYUSD Tokens Surfaced After PayPal’s Announcement
posted 8 Aug 2023
The largest copycat token was launched shortly after the news and managed to amass a trading volume of $2.6 million within just eight hours, experiencing an astonishing surge of 12,000%. However, its price has since significantly dropped. Another noteworthy token, going by the name PepeYieldUnibotSatoshiDoge, also exhibited remarkable growth of 3,000%. Most of these fake PYUSD tokens are probably created as "honeypots."
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