Why is it best not to touch tokens that appear out of nowhere?
Definition: Many scam tokens include a website name or phrases like “Claim your reward” in the token name to lure people into visiting phishing websites.
Why this happens: Wallet valuations are generally calculated based on quotes from on-chain liquidity pools. Scam tokens’ quotes can easily be artificially inflated, so the displayed value shouldn’t be trusted.
By the way: $ETH is currently priced at 2501.1, down 1.79% in 24h.
It’s safer to keep most of your assets in a self-custody wallet, and use small amounts for everyday transactions.
#ETH
Definition: Many scam tokens include a website name or phrases like “Claim your reward” in the token name to lure people into visiting phishing websites.
Why this happens: Wallet valuations are generally calculated based on quotes from on-chain liquidity pools. Scam tokens’ quotes can easily be artificially inflated, so the displayed value shouldn’t be trusted.
By the way: $ETH is currently priced at 2501.1, down 1.79% in 24h.
It’s safer to keep most of your assets in a self-custody wallet, and use small amounts for everyday transactions.
#ETH