Was Solana memecoin $KABOSU another bull market scam? We checked out the token distribution when it recently lit up on X and it certainly looked a risky bet.It’s down 98% in the last 6 hours with many ‘investors’ now regretting their decision to blindly follow the advice they received on Elon Musk’s social network platform.
The contract address for the memecoin is AbwtH13qqjDnXpTnsLAVNnxXnsNmPxPCqvT6jaPLeGmw and you can check out the latest $KABOSU chart on DEXTools.Did the people you follow on (formerly known as Twitter) give you a heads up when the token was launched or was it promoted in a Telegram group you use?
Below is a video that shows some of the KOLs that were promoting it on X and a selection that were warning of the obvious dangers.
Even if you didn’t get scammed with this memecoin it’s worth looking through the video to get an idea of the differing ‘opinions’ from influencers you might currently be following or ones you should be following.
We welcome comments on our X post from anyone who’s handle appears within the $KABOSU video and wish you all the best of luck on your crypto journey.
