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Bitcoin Pizza Day Turns Sour as Meme Coin Shysters Profit Over $200K in Rug Pulls
Bitcoin Pizza Day, celebrated on May 22, took an unexpected turn this year as meme coin traders flooded the market with pizza-related tokens. However, the anniversary of the first commercial bitcoin transaction was marred by rug pulls, leaving investors reeling. Over $200,000 has been pocketed by meme coin issuers through fraudulent schemes. While some tokens were confirmed rug pulls, others were suspected honey pots, trapping investors with unsellable assets. In this article, we will delve into the phenomenon of rug pulls on Bitcoin Pizza Day, exploring the impact on the market and the specific tokens involved.
Bitcoin Pizza Day: A Brief History
Bitcoin Pizza Day commemorates an iconic moment in cryptocurrency history. In 2010, Laszlo Hanyecz, a computer developer, made history by purchasing two pizzas for 10,000 bitcoins. This event marked the first known commercial transaction using bitcoin as a medium of exchange. Since then, May 22 has been celebrated as Bitcoin Pizza Day.
The Rise of Pizza-Related Meme Coins
On the 13th anniversary of Bitcoin Pizza Day, meme coin traders seized the opportunity to capitalize on the occasion. A surge of pizza-related tokens flooded the market, with…
