Halloween-themed cryptocurrencies are spreading en masse on Twitter

Cryptocurrency experts have noticed an increase in the number of Halloween-themed digital assets — developers hope to make a profit by launching tokens on the current theme. Halloween-themed cryptocurrencies are currently being shared on Twitter, and their main problem is the lack of prospects and the possibility of real application.

Our target is 50 millions market cap an 0.01 $ price

— Halloween Token (@CyberMetaWorld) October 28, 2022

Halloween Token is one of these cryptocurrencies, and its developers hope to accumulate $ 50 million in market capitalization. The Halloween Spook token claims to be the «scariest cryptocurrency» created on the Binance Smart Chain (BSC). The developers of Halloween Wars Token have openly stated that they hope to capitalize on the excitement of users for Halloween.

Security experts advise against investing in suspicious cryptocurrencies, as users risk not only losing money but also losing all their investments. As it became known a few days ago, hackers launch about 15 scam projects every hour, but only the largest ones are reported to the general public. It is likely that Halloween tokens could be on this list.

The main type of hacker scheme this year was liquidity withdrawal (rug pull). Hackers advertise their projects, attract a large number of investors, and list their tokens on various exchanges (mostly decentralized). As soon as the required number of users purchases fraudulent tokens, the project founders sell their own token stocks, which brings the price down to almost zero. Accordingly, investors are left with nothing, having lost both their own funds and hopes for profit.