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Hello Everyone,It’s GlitterBeardKing AKA GBK, the Autistic Crypto enthusiast. I have been busy with work in real life AND I have also been building a team of fellow Crypto Enthusiasts who like to expose scams and rug pulls. As everyone who follows me and knows, I love to do analysis on coins and every so often I find out how much a scammer can make so I chose the “Why are you gay?” coin… Scam AnalysisSomeone created a new cryptocurrency called “GAY”. The person who made it (the “creator”) used a digital wallet with the address:
To start things off, the creator needed to put some money into the system. They did this using another wallet:
The funder’s wallet got its Money from:
Shortly after the GAY token was created, a single wallet bought a huge amount of it (about 87 million tokens!). This looks like an “insider” purchase, meaning someone with early knowledge made a big move:
Then, the insider split up all those GAY tokens and sent them to many, many other wallets (listed in your original data). there are 65 wallets in total, here are some of them:
The Pump and Dump begins however we have linked this with another Pump and Dump where there they made $350k which we will detail on our website soon! It looks like someone created the GAY token, bought a lot of it very early (probably knowing it would go up in price), and then spread those tokens out to many different wallets. This is a common tactic to hide the original buyer and potentially make it easier to sell the tokens later without raising alarms. it also connects to a previous pump and dump scam, indicating a potential pattern. You can find the detailed analysis on our blog at What NEXT for Glitter Beard King and Crypto?After seeing all the scams about and after sitting in various communities, I have decided to set up my own coin called DOXXED with 5 other Crypto Veterans. We have divided ourselves into teams who each have specialties in Crypto. Our team consists of a Cyber Security expert who does the analysis on scams along with auditing coins, a Social Media expert for our socials who will drive forward our community engagement, we have teamed up our Social Media expert with his own Dev to work on ways to streamline engagement, that one guy in Crypto who knows everyone to get things done, a very talented artist who will help us build the image of Doxxed and myself, Glitter Beard King, in real life I work in Investment Consulting who has built a career on problem solving for some of the biggest companies . We will NOT be a meme coin who relies on trends of memes, we feel this has already been done in the market and offers no “Real world” value. We will however be producing content on Scams, Rug Pulls and Insider trading. We will be offering our own Doxxed service so people can have help with their Due Diligence when looking at new coins on the market. It is time the market had some good in the crypto market who can help newbies to crypto! Come and join our New Coin Doxxed! We already have a TG Community which we want to build up! Launch Date: 22 March 2025 • CA: Coming Soon! • TG: DoxxedTG • Chart: Coming Soon! • Website: Doxxed. tech • X: @ DoxxedOfficial As always in Crypto, Do your own research! submitted by /u/DoxxedDevs |
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