Dogecoin Developer Raises Major Alert to DOGE Community

Dogecoin has garnered significant attention and inspired the emergence of numerous other animal-themed coins in the crypto market. While early adopters and investors enjoyed considerable profits, the current situation for DOGE appears to be less favorable.

Also read: Dogecoin Eyes $0.1 Milestone, What’s Hindering the Surge?

Dogecoin dev asks users to stay cautious

In a recent major alert to the Dogecoin community by Mishaboar, concerns have been raised over the proliferation of tokens carrying the “Doge” name on various blockchain networks. With claims of locked liquidity, renounced contracts, and “doxxed” teams, these tokens may appear legitimate at first glance. However, experts caution that many are the work of scam artists.

Also read: SEC Chair Gary Gensler Talks about Re-appealing Ripple Case

Mishaboar stated that behind the scenes, these unscrupulous actors use a network of smaller wallets, airdropped to themselves or acquired at low prices, to offload their tokens without alerting the community.

• doge
• Dogecoin