Hackers earn six figures on Bitcoin Pizza Day

Bitcoin Pizza Day it was supposed to be a celebration of crypto projects, but instead it was brought down by the number of pizza-themed memecoins that stole thousands of dollars from investors.

On May 22, many crypto and Bitcoin loyalists celebrate the year 2010 when a computer engineer named Laszlo Hanyecz bought two pizzas for 10,000 Bitcoin, a total of $260 million.

While many crypto users (and some industry executives) this year celebrated and shared jokes on Crypto Twitter, some created memecoins that have gained hundreds of thousands of dollars in market capitalization in the past. shake money.

In total, the four tokens – BCPizza, BPizza, PizzaDay, and EthPizza – created in the last three days have earned more than $300,000 in the market, according to Dextools. There may have been others.

The group or person behind BPizza, the new memecoin with the second-largest amount of money, quickly changed the sale of its tax, 100%, which means that it is impossible to sell money. Meanwhile, EthPizza shut down the trading of the token after achieving a market capitalization of $38,000.

The coin with the most valuable cap, BTCPizza, was still trading as of Wednesday afternoon at a market value of about $200,000. The price of the token was down 16% from its high on Tuesday.

Memecoins it’s very unsustainable and backed by nothing but hype. They have no useful jobs and often stay a scam for unsuspecting investors looking for the next big thing.

One of the most recent months, and perhaps the most surprising memecoin, came from Ask for money, which peaked at a market cap of $1.6 billion before collapsing. The coin still has a market cap of more than $250 million as of Wednesday, according to CoinMarketCap.

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