{"id":15625,"date":"2024-07-29T11:41:27","date_gmt":"2024-07-29T08:41:27","guid":{"rendered":"https:\/\/forklog.com\/en\/suspicions-of-scam-surround-neiro-clone-amidst-originals-5000-fold-profit\/"},"modified":"2024-07-29T11:41:27","modified_gmt":"2024-07-29T08:41:27","slug":"suspicions-of-scam-surround-neiro-clone-amidst-originals-5000-fold-profit","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/suspicions-of-scam-surround-neiro-clone-amidst-originals-5000-fold-profit\/","title":{"rendered":"Suspicions of Scam Surround Neiro Clone Amidst Original&#8217;s 5000-Fold Profit"},"content":{"rendered":"<p>The developer of the meme token Neiro (NEIRO) on the Solana blockchain earned $2.85 million, having invested only 3 SOL ($552) in the coin&#8217;s launch. Analysts at Lookonchain highlighted this development.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The dev of <a href=\"https:\/\/twitter.com\/search?q=%24Neiro&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$Neiro<\/a> has made 15,508 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($2.85M) with only 3 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($552), a gain of 5,169x!?<\/p>\n<p>He spent 3 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($552) to buy 97.5M <a href=\"https:\/\/twitter.com\/search?q=%24Neiro&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$Neiro<\/a> when deploying <a href=\"https:\/\/twitter.com\/search?q=%24Neiro&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$Neiro<\/a>.<\/p>\n<p>Then he sold 68M <a href=\"https:\/\/twitter.com\/search?q=%24Neiro&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$Neiro<\/a> for 15,511 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($2.85M) through multiple wallets, with a realized profit of 15,508 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($2.85M).\u2026 <a href=\"https:\/\/t.co\/0PBP6gpJ0e\">pic.twitter.com\/0PBP6gpJ0e<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1817416920351834593?ref_src=twsrc%5Etfw\">July 28, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On July 27, a user utilized the Pump.fun platform to <a href=\"https:\/\/solscan.io\/tx\/58sxxxiHER8Tn8cuPnS2jdL8xTPbsmKD5VcvtknqmfKKXSSRTCJqGHSsfa3uZj9ip2xcfQpVKvQLLHJEndsAQ5t6\">issue<\/a> 97.5 million NEIRO. He then sold 68 million NEIRO for 15,511 SOL ($2.85 million) through several wallets, achieving a profit of 5169x.<\/p>\n<p>He also sent 10 million Neiro to a dead address, leaving 19.5 million NEIRO ($1.8 million) with an unrealized profit of 1.8 million.<\/p>\n<p>At the time of writing, the token&#8217;s price had risen by 56.1% to $0.01985, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/neiro-2\">CoinGecko<\/a>.<\/p>\n<p>Meanwhile, a token of the same name <a href=\"https:\/\/etherscan.io\/address\/0x3ad4f189f08cdc60496eebb3bd70b90df28b7455\">launched<\/a> on the Ethereum network on July 28 is likely fraudulent, blockchain detective Wazz warned.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Beware, biggest <a href=\"https:\/\/twitter.com\/search?q=%24NEIRO&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$NEIRO<\/a> token on Ethereum is a honeypot<\/p>\n<p>It bypasses most automated scan tests but owner is constantly calling AutomatedMarketMaker() with addresses, which modifies the transfer() function, likely blacklisting any new buyers.<\/p>\n<p>Most scans are not detecting this <a href=\"https:\/\/t.co\/HE5H3tEoqt\">pic.twitter.com\/HE5H3tEoqt<\/a><\/p>\n<p>\u2014 Wazz (@WazzCrypto) <a href=\"https:\/\/twitter.com\/WazzCrypto\/status\/1817616169358000157?ref_src=twsrc%5Etfw\">July 28, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He suggests that the coin&#8217;s owner is blacklisting any new buyers.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;He constantly calls AutomatedMarketMaker() with addresses, which modifies the transfer() function. Most scans do not detect this,&#8221; wrote Wazz.<\/p>\n<\/blockquote>\n<p>According to blockchain analytics service Quick Intel, at the time of writing, the Neiro coin on Ethereum has a market capitalization of over $17 million.\u00a0<\/p>\n<p>The site also warns that the owner has not relinquished control over the smart contract, allowing potential manipulation of the token&#8217;s price or restriction of users&#8217; ability to withdraw or invest funds.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXeoppGvd7lwOsOWFylbeTs5b0tOMhTHlXWm4TWBgH5NE5qB7f8wRLlrkOhyQhFDIzNfJSvVZsohDsdWOYPL9i5KIn1zk7pNCcUVsdjcbJ-CITJCaFsBu3vnX5aEpCBz3oyTTIBVrJP2cbRalArzj0XB1iqj?key=sT8J9qpvCnz8AIOhD0FU4w\" alt=\"Suspicions of Scam Surround Neiro Clone Amidst Original's 5000-Fold Profit\"\/><figcaption class=\"wp-element-caption\">Data: Quick Intel.\u00a0<\/figcaption><\/figure>\n<p>Additionally, the token is directly connected to wallets outside its ecosystem, and its liquidity pool is not locked, meaning funds could hypothetically be depleted at any moment.<\/p>\n<p>At the time of writing, the price of Neiro on Ethereum had plummeted by 40.6% to $0.03868, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/neiro\">CoinGecko<\/a>.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/31-m-neiro-project-etheruem-honeypot-wazz\">Cointelegraph<\/a> was unable to contact the Neiro developer on Ethereum or independently verify Wazz&#8217;s findings.\u00a0<\/p>\n<p>Back in December 2023, prior to the launch of Sleepless AI farming on Binance&#8217;s Launchpool platform, unknown individuals conducted a rug pull of the token with the same name.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The developer of the meme token Neiro (NEIRO) on the Solana blockchain earned $2.85 million, having invested only 3 SOL ($552) in the coin&#8217;s launch. Analysts at Lookonchain highlighted this development. The dev of $Neiro has made 15,508 $SOL($2.85M) with only 3 $SOL($552), a gain of 5,169x!? He spent 3 $SOL($552) to buy 97.5M $Neiro [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1161,1246,1159],"class_list":["post-15625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-memes","tag-scammers","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15625"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15624"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}