The arrow popularity of the pieces even on the theme of Donald and Melania Trump has created a fertile land for the crooks to exploit uneasy investors.
The Cybersecurity Society FACCT (formerly group-IB) has identified More than ten fraudulent websites designed to target the Trump and Melania commercial tokens, resulting in significant financial losses and erodes confidence in the same parts market.
Scholars use misleading websites to encourage users to connect their cryptographic portfolios, often under the cover of the verification of tokens transactions. Once the access has been granted, these bad players require seed phrases or directly fly funds in wallets. By imitating legitimate token addresses, they create a false feeling of security, which facilitates their victims.
The Trump token, launched on January 17, 2025, reached an amazing market capitalization of $ 11 billion on its first day, followed by the Melania token two days later with similar success. However, this attention has also attracted fraudsters wishing to exploit media threshing. The speculative and very volatile nature of the pieces even in fact a main target for scams, which leaves many investors vulnerable to financial losses.
This is not the first time that the memes market has seen major scams. Previous examples include tokens like $ Hawk, who collapsed after a brief push fueled by the promotion of influencers, and a fake basic token favored via a Pirated Nasdaq social media account. These incidents highlight the ease with which the market can be manipulated.
To avoid being the victim of these scams, investors must verify tokens platforms, never share sensitive wallet information and use secure wallets to protect their assets. As scams become more sophisticated, it is increasingly important that regulators implement stricter surveillance to protect the growing number of participants in the currency space. Until then, prudence and reasonable diligence remain essential to navigate this high-risk market.
