Pond0X token launch snafu results in thousands and thousands of {dollars} in losses

The launch of memecoin Pond0x has led to thousands and thousands of {dollars} in losses for traders, based on a number of reviews on social media on July 28. Information from the Maestro buying and selling app exhibits that the Pond0x (PNDX) token reached a value of $0.36 earlier than collapsing to close zero in a span of 5 minutes.

The launch of Pond0x was introduced on July 28 by Jeremy Cahen, the founding father of Not Larva Labs who is healthier identified by his Twitter username “Pauly.” Not Larva Labs is the developer of a nonfungible token buying and selling app for CryptoPunks and for a separate parody assortment known as CryptoPhunks. It isn’t related to Larva Labs, the creators of CryptoPunks.

Proceed Studying on Coin Telegraph