The Dogecoin community has been put on alert following an important warning issued by Dogecoin developer Inevitable 360 about a fake account impersonating the Dogecoin Foundation on X. Coupled with this development and Dogecoin’s continued downward trend, several retail and whale investors are now selling their holdings and buying the trending Ethereum-based project, ETFSwap (ETFS).
Dogecoin Holders Advised Not To Fall For Fake Foundation Account
Dogecoin community members have been advised not to fall for an impersonator acting like the Dogecoin Foundation.In an X (formerly Twitter) post, Inevitable 360, Dogecoin updates account, notified the unsuspecting Dogecoin community about a fake X account impersonating the Dogecoin Foundation on X. “Please Report this fake account @dogefdn trying to be the real @DogecoinFdn. Much thanks $Doge #Dogecoin.”
It is believed that the fake account is attempting to defraud users by posing as the authentic Dogecoin Foundation account on X.
This scam is an issue of concern, as The Dogecoin Foundation has been a focal driver of the project since its outset. Also, Dogecoin’s lengthy bearish cycle may allow investors to become complicit and fall for scams while trying to make profits at all costs.
Several key investors have reportedly sold part of their holdings and diversified into the biggest presale in the crypto industry right now, ETFSwap (ETFS).
At the time of press, Dogecoin traded for $0.1009 (per CoinGecko).
ETFSwap Receives An Influx Of Dogecoin Investors
ETFSwap (ETFS), an Ethereum-based DeFi, has grown widely in recent weeks. The decentralized platform, which only emerged about a month ago, has quickly become everyone’s favorite. It has quickly sold over 90 million tokens since its emergence. Several Dogecoin holders appeared to have sold their holdings in the past few days after a continued static market and high alert by Inevitable 360.
Built on the renowned Ethereum blockchain, ETFSwap (ETFS) facilitates the smooth buying and trading of exchange-traded funds (ETFs) and cryptocurrencies. The decentralized finance (DeFi) platform tokenizes these ETFs and cryptocurrencies, allowing institutional investors and other kinds of investors seamless access to these assets. The ETFSwap (ETFS) platform assets are backed by real-world assets (RWAs) and securities, as the DeFi platform works with MiCa-compliant banks to deal in cryptocurrencies and securities.
Unlike traditional investment options, ETFSwap (ETFS) leverages blockchain technology’s potential to provide investors with 24/7 trading access, efficiency, peer-to-peer, interoperability, data immutability, consensus, and low fees, among other features. These elements enhance investors’ overall trading session, making it worthwhile.
To trade or invest on the ETFSwap (ETFS) platform, investors do not need to go through a KYC verification like some other crypto platforms. This approach significantly helps small and middle-scale investors eliminate interference from regulated bodies.
ETFSwap (ETFS) is currently undergoing its presale process, and a token sells for only $0.01831. Investors must hold the tokens to enjoy the various benefits of the ETFSwap (ETFS) ecosystem. Also, buying the ETFSwap (ETFS) presale now is a great decision as its price will increase to $0.03846 in the coming days. This means that current investors would have gained over 109% when the price comes into play.
Rest assured, the ETFSwap (ETFS) team has undergone and passed a rigorous KYC verification by auditing giant SolidProof. In addition, its smart contracts have been thoroughly audited by CyberScope, a leading blockchain security firm, with no vulnerabilities detected.
Conclusion
As a result of Dogecoin’s unimpressive price trend and recent scam news, investors are diversifying their portfolios into ETFSwap (ETFS) DeFi platform. The ongoing ETFSwap (ETFS) presale is believed to be the juiciest opportunity outside right now. New and season investors are pushing hard not to miss out on potential gains by buying into the presale quickly.
For more information about the ETFS presale:
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