A scammer, whose identity is unknown, has managed to make more than $315,000 worth of Ethereum by creating and abandoning meme coins. The scammer's strategy involved creating a meme coin with a small amount of Ethereum, providing liquidity to gain investor trust, and then removing the liquidity once sufficient investment was attracted.
The scammer has since created two new meme coins, WALTER2.0 and GIGA2.0, and added liquidity, but potential investors are being urged to avoid these tokens. This incident highlights the risks involved in the meme coin market, and investors are reminded to research the creator of any meme coins they are considering buying.
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