Where there is money, unscrupulous actions will be taken to defraud people. Despite crypto being the most secure investment around, sometimes things go sideways in a crypto scam. This was the case with ZKasino, a rug-pull crypto scam which defrauded over $33 million. However, thanks to fast work by Binance and Dutch authorities, the mastermind behind the scam was arrested. The BNB price reacted positively, buying investor confidence, which led to an influx into Pepe and the new meme-fi AI token, Raboo.
BNB (BNB): Brand equity rises in crackdown
In a week that saw most cryptocurrencies go red, the BNB price returned a green candle on the news of Binance taking proactive steps to track down notorious crypto scammer ZKasino. ZKasino exploited the Ethereum smart contract to defraud the community of almost 11,000 ETH. But the game was soon up thanks to Binance working with European law enforcement. This put a tailwind behind the BNB price, and BNB showed a 3% growth in a market where almost all other tokens saw a correction the other way.
Binance shows that despite crypto’s anonymity, it is still possible to track down illegal activity, and crypto scammers will be brought to book. Crime simply does not pay. But investing in cryptocurrencies like BNB does!
Pepe (PEPE): Riding the goodwill wave
Meme coin phenomenon Pepe is keeping pace with BNB, also showing a 3% upturn in a sea of red market indicators. Pepe is a fascinating coin to study, as it has, by its own admission, zero intrinsic value. Yet Pepe has $3.4 billion in market cap and trades about a billion dollars a day in volume. Pepe understands the psychology behind the meme coin market and benefits from this understanding of internet culture.
Pepe returned over 76 million percent since its launch, a figure that is absurd. But Pepe keeps fine company. Many meme coins have returned with several million percent yields, and it is only a matter of time before somebody dwarves even Pepe’s prodigious profits.
Raboo (RABT): A meme coin with substance
If Pepe can do so much with no intrinsic value, imagine what a meme coin with material value can achieve! Raboo is this coin. Diversifying its offering, Raboo straddles genres. Raboo has dank memes, which makes it a meme coin. But it is driven by an AI engine, which makes Raboo an AI crypto. Raboo can also be staked, which means it has a foot in the DeFi world. And, because Raboo token holders can vote on governance, it’s also a governance token.
Raboo is a solid all-rounder, and a look at its tokenomics reveals why investors have rewarded it with over $1 million in liquidity during the early stages of its presale.
Conclusion
The BNB price and Pepe are riding high on the evidence that perpetrators of a crypto scam can be brought to justice, while the Raboo presale has seen a fresh wave of investor interest in the cryptocurrency in the light of meme coin growth. Raboo is currently on presale at $0.0042.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.