A distinctive encoded code for Solana was announced on the official Facebook account of Visa on January 27, 2025, while another Solana Fafo Barron is more than 250 % in a short period of hours after President Donald Trump published a picture.
VISA Facebook is at risk
On January 27, the infiltrators penetrated the official Facebook Facebook page in an electronic attack and used it to promote a suspicious symbolic trading based on Solana under the Visa Code. The price of the distinctive symbol increased before it collapsed, which is a sign of a fraud.
The withdrawal process indicates a fraud in which the distinguished symbol developers suddenly sell their property, causing the distinctive code price to collapse. This increased trend of seizing the social media accounts of companies to promote fraudulent encryption plans.
Trump raises the price of Favo Baron:
On January 27, President Donald Trump posted a picture of himself with Mimi’s coin on his social networking platform, Truth Social, which led to the high price of Solana’s Mimy currency by 250 % in four hours.
The MIM currency was created on Pump.fun, the launching of the Solana Mimal Currency, and it was called Baron’s name, the younger son of the president. The symbol witnessed a sharp rise in its market value and reached more than 148 thousand dollars in those hours, according to what was stated in the report Coinmarketcap.
While the promotion of the president has people interested in FAFO, the price of the meme currency began to decrease, and at the time of this report, it was traded at a price of 0.00004161 dollars. This is a sharp decrease of 28 % in just one hour. This comes after the launch of another encrypted currency called “Barron” at Solana on January 20, the day when President Trump took office as the forty -seventh president of the United States. However, the barron icon was soon withdrawn a million dollars from the carpet.
Solana: The best choice for rug pulling fraud
Solana (SOL), which was adopted as one of the best options for artificial intelligence customers, but also includes Pump.fun, which allows anyone to create a Mimi currency, often leads to a rug.
POMP.fun has been criticized for exploitation by bad actors to launch fraudulent symbols, which led to losses for investors. This is not an independent experience. Reports indicate that only 0.4% of the 14 million POMP.fun members received profits for more than 10,000 dollars, which led to the majority of losses. On January 15, Burwick Law announced that it is moving forward with a lawsuit against PEMP.fun, accusing it of exploiting investors through what the founder Max Burwick described as “the development of multi -level marketing fraud.”
