A 2-month-old cryptocurrency is drawing attention from its ridiculous intra-day gains.
The token “Football Inu”, a football-inspired cryptocurrency project, jumped by a whopping amount of 588% on January 5th.
These kinds of gains are simply unheard of in the top players of the cryptocurrency market. For instance, if Bitcoin went through the same thing, BTC would jump from $16,800 to over $96,000 in the span of one day.
So does this mean that Football Inu is the next big thing that is gonna take over the entire cryptocurrency market?
Not the case. Far from it, actually.
The major rise made the FOOTBALL token go up by less than a 12th of a cent. Going from $0.000000000001 to $0.000000000002 in just 24 hours.
What Exactly Is Football Inu?
Football INU is a Play-to-earn multiplayer football game in the metaverse.
Their website claims that the project brings together billions of football fans in a community where users can create their own NFT football avatar, manage their own club or arena, grow a fanbase, get sponsorships, and also make real money.
The soccer-inspired token was created one month prior to the FIFA World Cup. The goal of its creation was to likely jump on the bandwagon of the world’s most-watched sports event, and maybe promote the new token along with it.
Is Football Inu a Scam?
The project is surrounded by a lot of red flags that should make any smart investor stay away from buying FOOTBALL.
For starters, Football Inu’s market cap is below a million dollars. That amount is low even when comparing it to other s***tcoins.
When visiting their website and social media, the content is so absurd that it almost resembles satire.
Despite claiming that the NFT game has an outreach of potentially billions of people, Football Inu’s Twitter account has less than 4 thousand followers.
On top of that, the landing page is filled with several allegedly NFT cards that will be implemented in the game. However, a simple reverse-image search shows that in fact, the team behind the NFT project simply stole images from Konami’s eFootball series, and pasted a Football Inu logo on top of it.
Unquestionably, the most absurd aspect of the website is when a visitor decides to check out the team behind the creation of the s***tcoin project.
According to them, the co-founders of the cryptocurrency most people never heard about are Ronaldinho and Carlitos Tevez, two of the most famous soccer players of the century. Obviously, the two players are not connected to Football Inu in the slightest.
The nail in the coffin comes with reports that the developers have frozen withdrawals in the past. This project is, with almost certainty, a pump-and-dump scam.