【Term explained】An unfamiliar token has mysteriously appeared in your wallet. Should you do anything?
Many scam tokens include a website name or phrases like “Claim rewards” in their token names to lure people into visiting phishing websites.
Wallet valuations are usually estimated based on prices quoted in on-chain liquidity pools. Scam tokens’ quoted prices can be artificially inflated, so don’t take the displayed figures at face value.
Related coin: $ETH is quoted at 2380.9 (24h -1.7%).
Revoke contract approvals you no longer need promptly, and don’t leave long-term approvals active on your account.
Many scam tokens include a website name or phrases like “Claim rewards” in their token names to lure people into visiting phishing websites.
Wallet valuations are usually estimated based on prices quoted in on-chain liquidity pools. Scam tokens’ quoted prices can be artificially inflated, so don’t take the displayed figures at face value.
Related coin: $ETH is quoted at 2380.9 (24h -1.7%).
Revoke contract approvals you no longer need promptly, and don’t leave long-term approvals active on your account.